REAL ESTATE LICENSE EXAM QUESTIONS WITH ANSWERS 2024

After passing state exam, you have ___ days to apply for a Temporary License, either on an Active or Inactive basis. - correct answer90 Temporary Licenses are only valid for ___ year(s), and cannot be renewed. - correct answer1 For an Original License, you must pass a ___ hour post-license cou...

15 days - correct answerAREC must give __?____ days notice of the hearing? 30 days - correct answerHow many days does AREC have to give before their decision is stated? 30 days - correct answerHow many days does the licensee have to decide if they will accept the decision of AREC or appeal it?...

Applying for the State Exam. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 How the DRE licensing exam works. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 What the exam looks like. . . . . . . . . . . ....

The Commission's authority is based upon: correct answerStatutory law Agency can best be described as: correct answerA written representation agreement between Broker and client. Charging advance brokerage fees is: correct answerA duty of a broker. The Commission rules and regulations may ...

A licensed RE broker finds a ready, willing and able buyer for the seller. The seller initial signs and accepts the buyer's written offer, then later changes his mind and withdraws the acceptance of the offer. In this scenario, the broker is... still entitled to collect a commission. After the ini...

Makeup of Commission Consists of nine members - 7 appointed by governor; one by Speaker of the House; one by President Pro-Tem of the Senate; 3 must be brokers in the real estate business; 2 cannot be involved directly or indirectly in the real estate business; serve 3 year staggered terms 6 powers...

Principal Broker correct answers A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be correct answers 18 years of age; background check; educ...

Licensing of Real Estate Brokers and Real Estate Salespersons Article 12-A Real Property Law Section 440 Definitions 440-a License required for real estate brokers and salespersons 440-b Licenses in Putnam County 441 Application for license 441-a License and pocket card 441-b License fees 4...

Tab le of Contents CHAPTER 1: INTRODUCTION TO AGENCY .............................................................. 5 CHAPTER TOPICS ...................................................................................................... 5 CHAPTER LEARNING OBJECTIVES ..................................

State approved forms: correct answers 1. Purchasing property 2. Seller financing NOT Agency agreements or lease agreements Responsibilities of an associate broker correct answers Negotiate leases, take listings, and prepare closing documents. Not: Pay commissions Who owns the supportin...