Exam (elaborations)
BROKER EXAM LATEST 2024&25 UPDATE WITH 125 MULTIPLE CHOICE QUESTIONS, CORRECTLY ANSWERED
- Course
- Institution
BROKER EXAM LATEST 2024&25 UPDATE WITH 125 MULTIPLE CHOICE QUESTIONS, CORRECTLY ANSWERED
[Show more]
Seller
Follow
Content preview
BROKER iEXAM iLATEST i2024&25 iUPDATE iWITH i125i MULTIPLE iCHOICE iQUESTIONS, iCORRECTLY iANSWERED
i AND iALREADY iGRADED iA+ i[VERIFIED iLEARNERS]
531.19 iof iThe iCanons iof iProfessional iEthics iand iConduct istates ithe ilicense
i holder ishall:
A. iNot idiscriminate
B. iAlways ireceive ia icommission
C. iHave ia isponsoring ibroker
D. iRenew itheir ilicense ievery iyear i i i i i i i i i
A i4,000 isquare ifoot ioffice ibuilding irents ifor i$12.35 iper isquare ifoot. iWhat iis
i the itotal iamount iof irent ifor ithe iyear?
A. i$38,600
B. i$59,300
C. i$49,400
,D. i$52,100 i i i i i i i i i
12.35 i× i4,000= i$49,400 iannual irent.
A iborrower's iproperty iserves ias icollateral iwhile ithe iborrower iretains ithe
i rights iof ipossession iand iuse iof iit iby ithe iprocess iof:
A. iAlienation
B. iHypothecation
C. iAmortization
D. iAcceleration i i i i i i i i
A ibroker ican iindemnify iherself iagainst ilegal iactions iby ithose iwith iwhom
i she ideals iby ipurchasing:
A. iErrors iand iomissions iinsurance
B. iMiddleman iinsurance
C. iProperty iinsurance
D. iEmployee iinsurance i i i i i i i i i
,A ibroker ihas ino isponsored isalespersons. iThe ibroker ihas itaken ia ilisting ifor ia
i house iand ihas isigned ia ibuyer irepresentation iagreement iwith ia ibuyer. iThe
i broker ihas ishown ithe ibuyer iseveral ihomes iand ithe ibuyer iwants ito ibuy ithe
i house ilisted iby ithe ibroker. iWhat imay ithe ibroker ido?
A. iThe ibroker imust itell ithe ibuyer ito iget ian iagent ifrom ianother icompany.
B. iThe ibroker imust iquickly ifind itwo isalespersons ito isponsor iand ithen iappoint
i the iseller ito ione iand ithe ibuyer ito ithe iother.
C. iThe ibroker imust igive iadvice iand iopinions ito iboth ithe iseller iand ibuyer.
D. iThe ibroker imust ibecome ian iintermediary iand imay inot igive iadvice iand
i opinions ito ithe iseller iand ibuyer. i i i i i i i i i
A ibroker ihas ishown ia iproperty ito ia icustomer. iThe icustomer iassumes ifrom
i the ibroker's iactions iand iwords ithat ithe iagent irepresents ithe icustomer. iThis
i is:
A. iImplied iAgency
B. iExpress iagency
, C. iAgency iby iratification
D. iGratuitous iagency i i i i i i i i i
A ibroker iis inot iallowed ito icommingle ithe imoney ithat ibelongs ito ithe iclient
i or icustomer iwith ithe ibroker's:
A. iCompany's iworking iaccount
B. iPersonal iaccount
C. iBoth iA iand iB
D. iNone iof ithe iabove i i i i i i i i i
A ibroker iis iresponsible ifor iall ithe ifollowing iEXCEPT:
A. iNotifying ithe isalesperson iin iwriting iof ithe iscope iof itheir iauthorized
i activities
B. iProviding ia ipolicy iand iprocedures imanual
C. iSupervising ithe isalesperson idirectly
D. iThe iproper ihandling iof itrust ifunds iplaced iwith ithe ibroker i i i i i i i i i
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 bonie314. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now