Gold Coast Real Estate Sales Associate-Key Terms (CH. 1-19) verified already passed 2024/2025

Gold Coast Real Estate Sales Associate-Key Terms (CH. 1-19)Broker Price Opinion (BPO) CH1 - correct answer The process used to determine the potential selling price or estimated value of a real estate property. Adjudication Withheld CH2 - correct answer A special sentence such as probation, community service, or a fine imposed, but no conviction of guilt was imposed. Prima Facie Evidence CH2 - correct answer Certificates entered into evidence in court proceedings. Group License CH3 - correct answer A single real estate license that can be obtained if the sales associate or broker associate works for one owner-developer with affiliated organizations, which provide services in different geographic areas. Involuntary inactive license CH3 - correct answer Individual who does not request a renewal of their second or subsequent license, pay the fees, or maintain continuing education requirements. Multiple licenses CH3 - correct answer Issued licenses in two or more capacities. Must show additional licenses for legitimate business (broker). Executive powers CH3 - correct answer Include publication of books and newsletters to keep licensees and the public informed of new and important changes in the law and rules of real estate (exercised by Chairperson or quorum vote). Quasi-legislative powers CH3 - correct answer Powers to make and pass rules. Quasi-judicial powers CH3 - correct answer Allows the Commission to impose disciplinary action for violations of laws or rules.