Sponsor broker - Study guides, Class notes & Summaries

Which of the following is NOT exempt from obtaining a license? - correct answer A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. - correct answer 2 A real estate salesperson operates as what type of agent to their client? - correct answer Special Agent According to this, a broker may be held responsible for the unlawful actions of his/her salespersons? - correct answer Vicarious Liabilit...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 2023 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would...

The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses is known as...? -Correct Answer Administrative Discipline To mingle or mix funds is known as what...? -Correct Answer Commingling Chris is a real estate broker involved in a residential transaction. When Chris illegally places his client's funds into his personal account, what is he engaged in...? -Correct Answer Commingling of Funds The post-...

Nys Realestateu final exam 2023 Article 12 A - Correct Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers Sponsor - Correct Answer A licensed real estate broker that holds the license of a salesperson Misdemeanor - Correct Answer A crime punishable by up to a year in prison and / or a $ 1,000 fine . Listing Agreement - Correct Answer An employment contract between principal and agent , authorizing the agent to perform services for th...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

REALESTATE U PASS THE NEW YORK STATE EXAM (V.2) 2.3 2024 WITH 100% ACCURATE SOLUTIONS Which of the following is NOT exempt from obtaining a license? - Precise Answer A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. - Precise Answer 2 A real estate salesperson operates as what type of agent to their client? - Precise Answer Special Agent According to this, a broker may be held responsible f...

Pocket Card A card issued by the Department of State to each licensee which contains the photo , name and business address of the licensee , and , in the case of a real estate salesperson , the name and business address of the broker with whom he or she is associated and shall certify that the person whose name appears thereon is a licensed real estate broker or salesperson Must be carried by the agent at all times when serving as a salesperson . Article 12 A The section of the New York Re...

"taking the expected value" - ANSWERrefers to the process of accounting for the impact of probability abridged financial report - ANSWERan annual report that is provided in the renewal process from non-refund plans. It shows only premiums, claims and waiver of premium and/ or disabled reserves Accumulation-Oriented Benefits - ANSWERsuch as pension plans, profit-sharing plans, stock bonus plans, stock purchase plans and so forth, could involve relatively long waiting periods and could...

Article 12 A Ans: NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . QUESTION>>>> Sponsor Ans: Broker that holds salesperson license QUESTION>>>> Summary of Submission Ans: Paper you get after registering for NYS test. Bring to tes with you QUESTION>>>> Misedemanor Ans: Crime with no more than 1 year prison or $1,000 fine QUESTION>>>> Listing Agreement Ans: Agreement between sal...

the leasing agent license shall expire on July 31st of: - even numbered years sponsoring brokers must submit the 45 day sponsor card to IDFPR within: - 24 hours of employment leasing agent licensees must complete how many hours of containing education during the 24 month period prior renewal: - 8 hours of continuing education The real estate recovery fund is: - a fund at IDFPR to reimburse persons who suffer loss due to a licensees actions. The general requirements for a residential ...