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Exam (elaborations)

ASREB State Test B-2 Questions and Answers 100% Verified

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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

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  • August 9, 2024
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  • Exam (elaborations)
  • Questions & answers
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  • ASREB
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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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