Broker courses - Study guides, Class notes & Summaries

Colorado Post TestAfter closing, a buyer discovered that a suicide had recently occurred on the property. The buyer submitted a complaint to the Colorado Real Estate Commission against the listing broker for failing to disclose this fact. The Commission will A) dismiss the complaint because stigmatization of property is not considered a material fact. B) immediately suspend the license of the broker while awaiting a hearing. C) investigate the complaint, submit it to a hearing, and may rev...

Colorado Post Test Questions and Answers (2023/2024) Graded A+ After closing, a buyer discovered that a suicide had recently occurred on the property. The buyer submitted a complaint to the Colorado Real Estate Commission against the listing broker for failing to disclose this fact. The Commission will A) dismiss the complaint because stigmatization of property is not considered a material fact. B) immediately suspend the license of the broker while awaiting a hearing. C) investigate the ...

Licensing - Renewals/ Termination Etc - ️️Brokers license renews by 6/30 of even years ($50) Salesp must renew by 9/30 of even years ($40) -2 yrs salesperson before broker - broker must notify MREC within 72 hours of termination - Salesperson has 6 months to find new broker or place on inactive - Listings belong to broker (transfer req written consent) - "Dual Contracts" to deceive lender = federal offense MO Admin Hearing Commission (MAHC) - ️️Determines guilt/innocence; i...

Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular activities Adapters Ans: Companies that take the current industry structure and its evolution as givens, and choose where to compete. Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately negative effect on a protected group. Ad...

Nevada Real Estate State Questions and Answers Rated A+ Nevada BROKER salesperson/BROKER education - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when taken at the same time...

NJ Real Estate 2024 Exam Questions with Correct Answers Broker - Answer-is authorized to operate a real estate business, hire salespersons, and to charge the public for services. Broker-salesperson - Answer-Has fulfilled all the requirements of a broker yet chooses to work in a sales capacity for and in the name of another broker. Continuing Education - Answer-All Broker, broker-salespersons, and salespersons licensees must complete 12 hours of approved continuing education courses befor...

Real Estate Exam Question and answers 100% correct 2024 Real Estate Exam-Maryland PART 1 (UNIT 1-5) When you are not licensed you are not able to negotiate the exchange of real estate if you receive - correct answer Money What is key when not having a license? - correct answer Compensation A person who performs real estate activities for another person for a fee or compensation of any kind. Supervises the salesperson and is responsible for their actions. - correct answer Broker ...

REAL ESTATE 2024 WITH COMPLETE SOLUTIONS Real Estate Broker a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson a person who peforms real estate activities while associated with a licensed real estate broker. licensee a person holding a valid real estate license appraiser a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector A per...

Licensing Craig the Broker got his license two years ago, so it is up for renewal. Unfortunately, Craig has been so busy that he hasn't taken any continuing education yet. What will happen to Craig's license if he doesn't complete the required courses before renewal? Select one: a. His license will expire b. He can pay a fine to extend the renewal date c. His license is null and void d. He will have to retake the licensing exam correct answersA Licensing Licensees may accept ref...

The _____ is required to ascertain that Brokers are aware of all of their responsibilities. - Correct Answer-Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. - Correct Answer-Broker Responsibility MCE Who Must Take The Broker Responsibility MCE...