4 types of licensees - Study guides, Class notes & Summaries

TEXAS SAE Real Estate Brokerage NOTES ready to study BROKER OWNER RESPONSIBLITIES - correct answer 1. Responsible for every liscnesee holder in the brokerage (supervisory) 2. Training/education 3. License maintenance 4. Make sure they don't violate laws (legal) 5. Profitability of the company (fiscal). BROKER OWNER REWARDS - correct answer 1. % of commissions 2. Ownership control 3. Training of licensees 4. Equity Interest THREE TYPES OF BROKER OWNERS - correct answer 1. Act...

How many commission members are there? Who are they appointed by? Who are they confirmed by? For how many terms - correct answer -6 commission members total. Appointed by the governor. Confirmed by the Senate. All 5-year terms. What is the primary purpose of the Georgia Commission? - correct answer -1) to develop rules and regulations 2) Investigate alleged violations by licensees 3) Discipline licensees who have violated laws 4) Establish non-refundable fees from licensees How many co...

Idaho Real Estate (State Test) Questions and Answers Graded A+ The primary purpose of the Idaho real estate commission is to: Protect the public and industry Initial application for a real estate license is administrated by Idaho real estate commission Where does the money come from to operate the Idaho real estate commission All licensees The Idaho real estate commission consists of how many member commissioners 4 The Idaho real estate generally meets: Monthly Course make-up work is allowe...

FL Exam sec 11 - Real Estate Contracts 12% Verified Answers Contracts (in general) ️agreement between two or more parties to do or not to do certain things -valid -contains all valid essentials -void - lacks one essential -voidable - maybe valid or void by one of the parties -enforceable - courts will enforce -unenforceable - courts cannot enforce Authority of real estate licensees to prepare contracts ️Licensees may not draw lease agreements but fill in blanks on lease instruments on...

What is the max TREC will pay? - correct answer $12,500 per transaction; $30k for each licensee Number of members on TREC? - correct answer 9; 6 Brokers / 3 Public. The each serve staggered years. How many members are on the Texas Real Estate Inspector Committee? - correct answer 9; all professional inspectors for 5yrs. Staggered 6yr terms. 3 members expire Feb 1st in odd-numbered years. How many hours req for renewal of each of the three types of licensees? - correct answer 16, 8, 0 ...

Protect the public and industry - The primary purpose of the Idaho real estate commission is to: Idaho real estate commission - Initial application for a real estate license is administrated by All licensees - Where does the money come from to operate the Idaho real estate commission 4 - The Idaho real estate commission consists of how many member commissioners Monthly - The Idaho real estate generally meets: Any pre-license courses - Course make-up work is allowed only for: 3 ...

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

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 ...

Maine Sales Agent Course Quiz #1 Correctly Answered 2024. What powers does the Maine Real Estate Commission have? - correct answer 1. Enforce Real Estate License Law and Rules 2. Discipline Real Estate Licensees 3. Oversight of education programs 4. Issue Licenses What types of licenses does the Maine Real Estate Commission issue? - correct answer 1. Sales Agent 2. Associate Broker 3. Broker 4. Designated Broker (Sometimes referred to as the Broker, DB, Principal Broker, ...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...