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LATEST COLIBRI REAL ESTATE PENNSYLVANIA FINAL EXAM CERTIFICATION EXAM TEST BANK 2024/2025 | COMPREHENSIVE TEST BANK WITH OVER 500 ACTUAL EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS WITH RATIONALES. A+ GRADE GUARANTEED CERTIFICATION SUCCESS$27.99
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LATEST COLIBRI REAL ESTATE PENNSYLVANIA FINAL EXAM CERTIFICATION EXAM TEST BANK 2024/2025 | COMPREHENSIVE TEST BANK WITH OVER 500 ACTUAL EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS WITH RATIONALES. A+ GRADE GUARANTEED CERTIFICATION SUCCESS
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Course
COLIBRI REAL ESTATE PENNSYLVANIA
Institution
COLIBRI REAL ESTATE PENNSYLVANIA
LATEST COLIBRI REAL ESTATE PENNSYLVANIA
FINAL EXAM CERTIFICATION EXAM TEST BANK 2024/2025
| COMPREHENSIVE TEST BANK WITH OVER 500 ACTUAL
EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS
WITH RATIONALES. A+ GRADE GUARANTEED
CERTIFICATION SUCCESS
2024-2025 LATEST COLIBRI REAL ESTATE PENNSYLVANIA
FINAL EXAM CERTIFICATION EXAM TEST BANK 2024/2025
| COMPREHENSIVE TEST BANK WITH OVER 500 ACTUAL
EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS
WITH RATIONALES. A+ GRADE GUARANTEED
CERTIFICATION SUCCESS
During which stage of a real estate transaction must the licensee remember to impart information to the
seller regarding the potential buyer's qualifications and the quality of the offer being presented?
During the negotiation stage
Why should real estate licensees have good knowledge of the loan programs that are currently available
from local banks and other lenders?
Financing is a critical part of the transaction. Licensees need to stay current on lenders' guidelines so
they can qualify both the buyers and the property.
How is an associate broker different from a broker?
An associate broker must meet the same qualifications as a licensed broker; however, an associate
broker chooses to work under the name and supervision of a licensed real estate broker.
How do licensees collect their commissions?
A broker can collect commissions from the clients. However, the licensees working for the broker can
only receive commission payments from their sponsoring broker.
,How old must a person be who wishes to become licensed in New York?
Salespersons must be 18 years old; brokers must be 20 years old.
How many hours of instruction are required to become licensed in New York?
Salespersons are required to complete 77 hours of instruction; brokers must complete 152 hours.
How are exam scores reported, and what percentage is needed to pass the exam?
ASAP after the exam as either pass or fail; 70%
Besides individual and associate broker, name 2 classes of broker licenses available.
Trade name broker, corporate broker, partnership broker
What are the experience requirements to become a broker?
Two full years of experience as a licensed salesperson and 3,500 points.
Three years of equivalent experience in some other aspect of real estate and 5,250 points, subject to
approval by the Department of State.
Which penalty is not imposed by the DOS on a real estate broker for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand
,Imprisonment
An___________ real estate broker is a licensed real estate broker who chooses to work under the name
and supervision of a licensed real estate broker.
Associate
Associate brokers may receive commission payments from
Seller
Buyer
Cooperating broker
Sponsoring broker
Sponsoring broker
Passed exam results are only valid for a period of ____ years.
2
For what are members of the Board compensated?
Their time
Their expertise
Contractual terms
Expense reimbursements
Expense reimbursements
How much is the fee charged by the DOS for an associate broker license?
, $50
$185
$15
No fee is charged
$185
How many points are given for hotel sales experience?
400
300
250
125
400
From whom can a salesperson receive compensation?
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm
From his or her sponsoring broker only
How many points are given for 3 years of certain types of real estate activities?
1,000
3,500
5,250
7,625
5,250
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