Active license answersa - Study guides, Class notes & Summaries

Active Status correct answersAny broker or sales person that is legally engaging in regulated acts of real estate brokerage Actively Engaged correct answersOne with an active license, engaged in at least 40hrs per week in regulated real estate activity Applicant correct answersOne who applies to Board for a real estate license Associate Broker correct answersA licensed broker other than the person designated as principle broker at a firm Board correct answersThe Virginia Real Estate ...

Who needs a broker's license? - ANSWERSA license is required for any person or business entity, who for compensation; Lists, Leases, Buys, Exchanges, Auctions, Negotiates, or Sells real property, for others for compensation. Is an active real estate license required to sell Time Shares in NC? - ANSWERSyes A license is NOT required for: - ANSWERS-a business leasing their OWN real property; i.e., apartments, FSBO -attorneys practicing law -a person acting under a Power of Attorney ...

License law correct answersParticular state laws having to do with qualifications, licensing, and oversight of real estate or other professionals are known as______. These laws are passed by the state legislature Pre license education correct answersTo obtain a real estate salesperson"s license, one must furnish evidence of completion of____ which includes two commission approved courses in real estate subjects composed of not less than thirty class hours each. Broker correct answersIn or...

Active correct answersany broker or salesperson under the supervision of a principal or supervising broker performing real estate brokerage activities. Actively engaged correct answersA broker or salesperson having active licensure with a licensed real estate firm or sole proprietorship and active for an average of at least 40 hours per week. The REB may waive the 40 hour per week requirement at its discretion. Associate Broker correct answersAny individual holding a broker's license othe...

How often is continuing education required for Kentucky real estate salespersons? correct answersEvery year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: correct answersHe/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? correct answersThe Governor Which of the following is a violat...

If the firm is a corporation, a general partner if a partnership, or a manager if a limited liability company. - ANSWERSThe Qualifying Broker is required to possess an active North Carolina Real Estate Broker License and must be a corporate officer. Grandson managing a rental property for FREE rent - ANSWERSWhat activities require an active real estate license Unlicensed employees - ANSWERSMaintenance, clerical or administrative, collection of rents payable to owner, showing rental units, ...

Active license - ANSWERSa current license that has not expired and is not retired. Advanced Exfoliation - ANSWERSa cosmetic procedure removing epidermal skin cells through manual, mechanical, or chemical means. Advanced extraction - ANSWERSan extraction performed using lancets or needles. Advertising - ANSWERSany written or graphic representation designed to elicit enrollment or the sale of goods or services and includes signs, displays, circulars, business cards, brochures, and recruit...

Which of the following is a requirement for a Texas real estate sales agent license? a. College degree b. 30 hours of Real Estate Principles Only c. Showing competency by passing the licensing exam d. Must be Texan by birth correct answersC. Showing competency by passing the licensing exam An active sales agent license may only be issued under _____. a. Court order b. The sponsorship of a licensed broker c. The supervision of a fellow sales agent d. The Deceptive Trade Practices ...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser There is no such thing as a licensed managing appraiser. Certified residential appraisers are the 4th level of appraiser. California Real Estate Law requires that every applicant for a real estate bro...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser There is no such thing as a licensed managing appraiser. Certified residential appraisers are the 4th level of appraiser. California Real Estate Law requires that every applicant for a real estate bro...