State porti Study guides, Class notes & Summaries

Washington State Broker Exam (State Portion) Updated 4 9 Questions and Answers Pre-licensing edu # of hours - Ans ️️ -90 hours Audits on Trust accounts - Ans ️️ -every 3 years Continuting Ed - Ans ️️ -60 hours Managing Broker needs __ years experience - Ans ️️ -3 years Security Deposit Returns - Ans ️️ -21 days First time renewal coursework - Ans ️️ -New licensees complete 30 hours of advanced practice, 30 hours of real estate law, 27 hours of CE, and the three-ho...

Licensing Craig the Broker got his license two years ago, so it is up for renewal. Unfortunately, Craig has been so busy that he hasn't taken any continuing education yet. What will happen to Craig's license if he doesn't complete the required courses before renewal? Select one: a. His license will expire b. He can pay a fine to extend the renewal date c. His license is null and void d. He will have to retake the licensing exam correct answersA Licensing Licensees may accept ref...

Who is responsible for any wrongs done by a salesperson while acting within the scope of the agency agreement? correct answer: The broker is liable for the wrongdoing of his or her salespersons. The principal is liable for any wrongs committed by the broker while acting within the scope of the agency agreement. what is the distinction between sales contracts and option contracts? correct answer: One characteristic of sales contracts is mutual obligation. Option contracts lack mutual obligat...

WASHINGTON STATE PORTION (REAL ESTATE EXAM) QUESTIONS AND ANSWERS, RATED A+/ Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL speci...

NC State portion study Real Estate Exam 2024 Questions With 100% Correct Answers.

PA real estate state portion questions and answers 100% pass When using the services of a real estate licensee to find a residence to lease, a PA consumer must be provided with a. consumer notice b. rental application c. plain language residential lease d. landlords led-based disclosure a. consumer notice according to the Pennsylvania landlord-tenant act, a tenant must be notified of the final disposition of his security deposit within what time period following the end of the time? A. wit...

TEXAS STATE PORTION REAL ESTATE EXAM

When terminating the sponsorship of a salesperson, the broker must A) notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission. B) return the salesperson's license, along with a letter of termination, to the Real Estate Commission. C) do nothing as the salesperson is responsible for notifying the Real Estate Commission of the change. D) give the salesperson an official letter of termination that the salesperso...

Texas State Portion Real Estate Exam Questions with 100% Correct Answers | Verified | Latest Update

MD Real Estate Exam- State Portion Latest Update Graded A+ Inactive Status associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license expires 3 years from the date it was placed on inactive status Commission pays any penalty collected to General Fund of the State Instead of, or in addition to, suspension or revocation,...