100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
REE3043 Exam Questions With Correct Answers. $10.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. REE 3043
  4.  
  5. REE 3043

Exam (elaborations)

REE3043 Exam Questions With Correct Answers.
 0 purchase
  • Course
  • REE 3043
  • Institution
  • REE 3043

wersalesperson license salesperson splits commission with broker - answertrue When you have a salesperson license you have to work under a broker - answertrue Commission must be paid to the __________ who then pays salesperson - answertrue _________________________ sales persons and brokers act...

[Show more]

Preview 2 out of 8  pages

Document information

  • September 8, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ree3043 exam questions with correct answers

Written for

  • REE 3043
  • REE 3043

Seller

avatar-seller
Brightstars

Reviews received

Content preview

©THEBRIGHTSTARS 2024



REE3043 Exam Questions With Correct
Answers.

___________ bring buyers and sellers together and earn a percentage of the contract price -
answer✔✔brokers
Brokers and salesperson also do leasing such as office, retail, industrial and for apartments -
answer✔✔true
_____________________ the first license one would obtain. can work a whole career without
getting a broker's license - answer✔✔salesperson license

salesperson splits commission with broker - answer✔✔true

When you have a salesperson license you have to work under a broker - answer✔✔true

Commission must be paid to the __________ who then pays salesperson - answer✔✔true
_________________________ sales persons and brokers act as transactional agents, they
represent the transaction buyer and seller - answer✔✔transaction broker

How to get a salesperson license - answer✔✔36 hour course
pass school goldcoast exam
pass state exam

In florida, salesperson and broker licenses have to renew every - answer✔✔2 years

Renewal License requirements Salesperson - answer✔✔14 hours every 2 years
45 hours for salesperson in first two years

Renewal License requirements Broker - answer✔✔60 hours includes 14 hours
14 hours in 2nd renewal
simply someone who belongs to a board to realtors


must be licensed to be in board

, ©THEBRIGHTSTARS 2024



if licensed, you do not have to be in board


900 +/- yearly dues


to facilitate sales by offering the MLS to members - answer✔✔realtor

When seller hires firm, they are hiring the broker - answer✔✔all offers must be presented to
seller

buyers of property can also hire brokers - answer✔✔true

Sales person is an _________ and an _________ of the broker. - answer✔✔employee
agent

Sales person cannot do anything to harm the broker - answer✔✔true

There is a __________ relationship between property owner and broker - answer✔✔fiduciary

__________________ one who manages property for the benefit of another - answer✔✔property
manager

a property manager's objective is to maximize - answer✔✔the long term economic value of the
property

Property manager top designation ____________ - answer✔✔certified property manager CPM
Administrative tasks- collecting rents, prepare monthly reports (who paid who didn't, what isn't)
and record keeping - answer✔✔property manager tasks
need to know the marketing advantages/disadvantage of property


have low cost and low maintenance amenities that competitors dont have - answer✔✔marketing
strategy
______________ want similar type of tenants: families w, children. seniors, college students etc
- answer✔✔tenant selection
_______________________________ may want to add amenities, make sure everything looks
good and is kept up to date - answer✔✔physical management of facilities

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.49
  • (0)
Add to cart
Added