Licensees - Study guides, Class notes & Summaries

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appra...

Which one of the following tasks must licensees perform for seller clients? -Dictate the listing price of the property. -Drive the sellers around to show them other properties that are for sale in their neighborhood. -Ensure that the buyer's earnest money is deposited. -Show the sellers how they can market their property. - ANSWER Ensure that the buyer's earnest money is deposited. **A licensee must ensure the collection of the earnest money deposit from the buyer. Earnest money may be us...

Registration as an owner, officer, partner or shareholder of a license holder expires (________). A. 1 year from the date of issue. B. 2 years from the date of issue. C. 3 years from the date of issue. D. None of the above correct answersB. 2 years from the date of issue. Before beginning employment as a Commissioned Security Officer, the applicant must be approved by the commission based on the results of criminal history check. A. TRUE B. FALSE correct answersA. TRUE Licensees, ...

A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door handles. The landlord... - Must allow the tenant to make the modifications at the tenants expense, but can require, by the terms of the lease, restoration of the property Which of the following is the best description of a fee simple estate? - The most complete ownership in property that one...

Can an applicant who fails the examination on the first attempt submit a re-examination application to the Board to be made eligible to test a second time? yes An applicant who fails the examination on the second attempt must submit the following before being made eligible to test a third time: 1. Copy of his/her "Examination Performance Feedback Report" obtained from FSBPT and pay all costs associated w/acquiring the report 2. A remediation plan addressing weakness/failure 3. Proof...

Advertising From RELRA You can be fined up to $1000 or license revoked for (1)Placing a "for sale" or "for rent" sign on or advertising any property without the written consent of the owner, or his authorized agent, or (2)Soliciting, selling or offering for sale real property by offering free lots, or conducting lotteries or contests or offering prizes for the purpose of influencing by deceptive conduct any purchaser or prospective purchaser of real property. Advertisi...

Board functions - ANSWER licensing psychologists, approving psych associates, renewing licenses, reviewing CE, promulgating regulations, interpreting scope of practice, educating licensees, and investigating complaints Board - ANSWER Sate Board of Examiners of Psychologists Number of hours required for licensure - ANSWER 3250 hours, across 2 years supervised experience (75% by a psychologist, 2 hours for every 20 hours of experience plus other learning activities) Requirement to pass th...

WI State Laws, Cosmetology/Esthetics Questions and Answers Already Passed Someone who practices barbering and cosmetology. Barber / Cosmetologist Barbering and cosmetology _____________ board. Examining Someone who is responsible for supervising and managing the operation of an establishment. Manager A person who practices manicuring and holds a valid license. Manicurist Cleansing, cutting, shaping, beautifying or massaging to hands and feet or nails for compensation are all pa...

California Real Estate Principles - Questions and Answers Already Passed (1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature governor (1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, I...

Texas Promulgated Contracts-CHAMPIONS Exam, Answered-The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...