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RECA - Fundamentals Study Guide Unit 4 Quiz (Weighted 8%) Questions And Answers With Verified Solutions 100% Correct!!! $11.99   Add to cart

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RECA - Fundamentals Study Guide Unit 4 Quiz (Weighted 8%) Questions And Answers With Verified Solutions 100% Correct!!!

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RECA - Fundamentals Study Guide Unit 4 Quiz (Weighted 8%) Questions And Answers With Verified Solutions 100% Correct!!!

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  • August 2, 2024
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  • 2024/2025
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RECA - Fundamentals Study Guide Unit 4 Quiz (Weighted 8%) Questions And Answers With Verified Solutions 100% Correct!!! The class of license needed for the operation of the real estate business - ANSWER✔✔ Brokerage First license earned when entering the real estate profession - ANSWER✔✔ Associate Three components of Leadership - ANSWER✔✔ Authority, responsibility and accountability Broker assigning duties to other qualified real estate professionals - ANSWER✔✔ Broker Delegation All the necessary education components to being a broker but not the broker - ANSWER✔✔ Associate Broker The employment term associate with real estate professionals associated with their brokerage - ANSWER✔✔ Independent Contractors Class of license to be the leader of a brokerage - ANSWER✔✔ Broker Brokerage is responsible for these as they relate to real estate professionals, whether they are new to the brokerage or leaving - ANSWER✔✔ Registrations The education for people who wish to be registered as brokers - ANSWER✔✔ Broker Education Importance of new real estate professionals to understand this structure in their brokerage as they operate within it to trade real estate - ANSWER✔✔ Brokerage Framework Real estate professionals e mployed by their brokerage - ANSWER✔✔ Employees Difference between Real estate professionals associated and employed by their brokerage - ANSWER✔✔ Independent contractors vs Employees. Designated vs common law agencies. REIX is mandatory for which profes sion? - ANSWER✔✔ Real estate professional What does REIX insurance cover? - ANSWER✔✔ Errors and omissions, negligent acts Who does the REIX exclude - ANSWER✔✔ The real estate professional buying and selling their own property. (they'll be under themselve s and not under a brokerage) What is Homeowner's Insurance? - ANSWER✔✔ Insurance protecting the home, it may relate to real estate professional's tools and equipment related to their business activities.

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