Colibri Real estate express chapter 3 Questions and Answers 100% Accurate
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Colibri Real estate
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Colibri Real Estate
Colibri Real estate express chapter 3 Questions and Answers 100% Accurate
The Department of State may take any of these actions against a licensee in violation of the license law except?
A. Suspension
B. Revocation
C. Fine
D. Imprisonment
D. Imprisonment
If a complaint has been filed...
Colibri Real estate express chapter 3
Questions and Answers 100% Accurate
The Department of State may take any of these actions against a licensee in violation of
the license law except?
A. Suspension
B. Revocation
C. Fine
D. Imprisonment - answerD. Imprisonment
If a complaint has been filed against a licensee and the licensee refuses to mediate the
complaint, what will happen?
A. The licensee will be fired from the firm where he or she is employed.
B. The DOS will revoke the licensee's license.
C. The DOS will schedule a hearing.
D. The complaint will be dismissed. - answerC. The DOS will schedule a hearing.
Which of the following tasks may an unlicensed assistant legally perform?
A. Compute commission checks
B. Hold open houses
C. Solicit business
D. Assist clients with listings - answerA. Compute commission checks
Who is responsible if an unlicensed assistant performs any activity that requires
licensure?
A. Only the associated licensee who employs the assistant
B. Only the unlicensed assistant
C. Only the broker
D. Both the associated licensee employer and the broker - answerD. Both the
associated licensee employer and the broker
What is the penalty for conviction of a misdemeanor?
A. $1,000 fine only
B. One year in prison only
C. Either fine, imprisonment or both
, D. $5,000 fine - answerC. Either fine, imprisonment or both
Which of these activities could an unlicensed assistant perform?
A. Solicit business for the broker.
B. Prepare advertisement.
C. Hold an open house.
D. Discuss a specific property with a client. - answerB. Prepare advertisement.
What is an Article 78 proceeding?
A. A complaint hearing
B. Mediation of charges based on a complaint
C. A judicial appeal
D. A penalty imposition - answerC. A judicial appeal
What section of Real Property Law makes practicing real estate without a license
unlawful?
A. Section 440-a
B. Section 441-g
C. Section 175-b
D. Section 443-c - answerA. Section 440-a
Which of the following statements is TRUE?
A. Proof of a voluntary, intentional breach of a known, legal duty is required to verify a
violation of the license law.
B. A real estate broker's reliance on information by a multiple listing service is
acceptable as a reasonable defense for the broker's failure to obey a licensing law.
C. A real estate broker is presumed to know the law governing the regulated real estate
activities in which he or she is engaged.
D. A real estate broker's unawareness of a provision of licensing law excuses the
broker's violation of any provision of that law. - answerC. A real estate broker is
presumed to know the law governing the regulated real estate activities in which he or
she is engaged.
If a broker's license is suspended, when can the salespersons and associate brokers
associated with that broker have the suspension on their licenses removed?
A. Never
B. After 30 days of the date of suspension
C. When the broker's suspension has expired
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