Affiliated licensee - Study guides, Class notes & Summaries

The DC commission can impose civil fines for license law violations. Each violation may garner a fine up to ______. correct answers $5,000 Joan began a court case against a DC licensee who misrepresented a property, resulting in a financial loss for Joan. At this point, does Joan need to make any notifications to the mayor? correct answers Yes, Joan must notify the mayor within 30 days of the date she began her action DC licensee Jenna presented her evidence at a commission hearing held Ma...

SC REAL ESTATE STATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. How many members are on the SC Real Estate Commission - -d. 10 The purpose of the SC Real Estate Commission is to: - -a. regulate the real estate industry in order to protect the public's interest in real estate transactions Who conducts real estate licensee disciplinary hearings? - -d. The Real Estate Commission A SC real estate salesperson must be at least: - -a. 18 years old A SC real estate broker must be ...

Assignment - 1. When a person transfers his interests under a contract to another. 2. When a tenant transfers his right of possession, or other interest, in leased property to another person for the remainder of the lease term. Broker - Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - A self-employed salesperson paid on jobs complete...

GA REAL ESTATE EXAM PREP / HARD QUESTIONS AND ANSWERS GRADED A+ *Amortization Rate* is defined as: The percentage of periodic payment that is applied to the reduction of the principal. *In a title theory state, the *Mortgagee takes title to the mortgaged property, during the TERM of the mortgage.* *Property* may be technically defined as: *Rights or Interest* which a person has in the thing owned. A *Broker's*, license fee costs how much? *$170* A *Deficiency Judgement* ca...

Fiduciary Duties - ANSWER "OLD CARD": Obedience, Loyalty, Disclosure, Confidentiality, Accountability, and Reasonable Care, Diligence. Agent owes to client and broker Accountability and Confidentiality - ANSWER Fiduciary duties that survive the termination of the agency relationship Associate Broker and Broker Licensees - ANSWER must complete 21 hours of Maine-approved continuing education every 2 years except - ANSWER Information disclosed to either party __________: • The willing...

Indiana broker Ralph hasn't been the most trustworthy real estate agent, and a hearing before the Real Estate Commission found him guilty of several license law violations. Among other things, he's assessed a civil penalty of $3,000. Ralph refuses to pay, even though he has plenty of money to cover it. What's NOT true about this situation? The amount of the civil penalty will increase by 2.5% monthly until it's paid. The civil penalty covers at least three separate violations. The c...

SC Real Estate - State Portion Exam Practice Questions and Answers Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC Broker - Correct Answer ️️ -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated licensees and real estate trust accounts Client - Correct Answer ️️ -Person ...

SC Real Estate - State Portion 2022-2023 Already Graded A Associated Licensee Licensee who is affiliated with a BIC Broker For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge Has responsibility over actions of all associated licensees and real estate trust accounts Client Person with whom a licensee has an established agency relationship Customer Person with whom licensee has not establishe...

Maine Law Real Estate TRELG Study Guide Exam . True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False - correct answer A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement with the bro...

Tennessee State Exam Practice Questions with Certified Solutions The terms of the _______ determine who receives the earnest money. contract Woody wanted to work for the new broker in town, so he filed the paperwork necessary to affiliate with a new broker. What will happen to his three listings and two buyer clients? They remain with Woody's original broker, unless the broker agrees to other arrangements in writing. Who's entitled to reimbursement from the Real Estate Education and Recovery...