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MA Salesperson Exam Module 1: The Basics Questions and Answers 100% Pass $10.49   Add to cart

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MA Salesperson Exam Module 1: The Basics Questions and Answers 100% Pass

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MA Salesperson Exam Module 1: The Basics Questions and Answers 100% Pass Why do we have licenses? - ANSWER--To protect the public, for the public good. Much of the Government's ability to regulate private transactions stems from Police Power which is the right of the Gov to enact laws to protec...

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  • November 4, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MA Salesperson
  • MA Salesperson
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KaylinHoffman
Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




MA Salesperson Exam Module 1: The

Basics Questions and Answers 100% Pass


Why do we have licenses? - ANSWER✔✔--To protect the public, for the public good. Much of the

Government's ability to regulate private transactions stems from Police Power which is the right of the

Gov to enact laws to protect the public.


- required to represent someone in a real estate transaction and expect to get paid


Who needs a license? - ANSWER✔✔-Any person or entity who for compensation or valuable

consideration, offers, sells, or leases for others


Who governs licenses? - ANSWER✔✔-- The board of registration of real estate brokers and salespersons,

A part of the division of professional licensure


The Board - ANSWER✔✔--five members; three are brokers who have seven years experience, to our

regular people that represent the public


- 1 chair


- members server a term of five years unpaid meet about 3 to 4 times a year


Salesperson - ANSWER✔✔--works under broker, cannot take direct client payments or handle any client

money


-must be 18 years old, take 40 hour course, pass exam, and pay a fee


Broker - ANSWER✔✔--Can handle client money, can handle escrow funds


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