ASREB State Test B-2 Questions and Answers 100% Verified
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Module
ASREB
Institution
ASREB
ASREB State Test B-2 Questions and Answers 100%
Verified
As of June 30th of any year, the real estate recovery fund must maintain a balance of to avoid
additional fees to licensees.
$200,000
$250,000
$300,000
$600,000 Answer-$600,000
ASREB State Test B-2 Questions and Answers 100%
Verified
As of June 30th of any year, the real estate recovery fund must maintain a balance of to avoid
additional fees to licensees.
$200,000
$250,000
$300,000
$600,000 Answer-$600,000
When the real estate commissioner pays a claim from the recovery fund, which of the following
is true before a licensee may obtain a real estate license once again?
Licensee must pay back the amount the fund paid out
Licensee must work under probation for one year
Licensee will have a limited license for one year
Licensee must ask permission from the court to reinstate the previous license Answer-
Licensee must pay back the amount the fund paid out
When a broker secures a listing, which of the following actions would NOT require the owner's
approval?
Placing a sign on the property
Advertising the property for sale
Assigning the listing to another salesperson
Assigning the listing to another brokerage firm Answer-Assigning the listing to another
salesperson
, ASREB State Test B-2 Questions and Answers 100%
Verified
A real estate brokerage company has 20 listings. The company is sold to another local real estate
company. What is true regarding the listings?
Listings are automatically transferred to the new company
Property owner and new company must sign a new listing
Listings remain valid and no action is necessary
The real estate department must approve the sale and listing transfer Answer-Property
owner and new company must sign a new listing
How many recovery funds does the Real Estate Commissioner administer?
None
One
Two
Three Answer-One
What is the maximum amount that can be paid on a single claim from the real estate recovery
fund?
$30,000
$35,000
$40,000
$90,000 Answer-$30,000
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