Licensees at a brokerage - Study guides, Class notes & Summaries

360 Training Sessions Latest Update Graded A+ National Association of Realtors (NAR) The largest professional association in the real estate industry Was first organized in 1908 To be a full member of this association, a person must be licensed in an individual state to sell real estate and must join the local board of the NAR. In most areas, this board is called the Association of REALTORS A REALTOR® is a professional in real estate who subscribes to a strict code of ethics k...

Texas SAE Real Estate Brokerage Question and answers correctly solved A fixed expense ______. - correct answer Isn't impacted by sales Which of the following acts protects Texas consumers against real estate licensees who use false, misleading, or deceptive actions or practices in the advertising, offering for sale, selling, or leasing of personal property or real property? - correct answer DTPA Why should a business owner evaluate the competition's affiliations? - correct answer T...

The Conway-Bogue Decision correct answers is a court case that gave real estate agents in the state of Colorado the right to assist buyers and sellers in some legal aspect of the real estate transaction process. This ruling established the right of real estate licensees to use approved, standardized state forms. This decision provides that Brokers may not charge a separate fee for preparing documents and that they must use the state's standard and approved forms. What is the lowest level ...

A consistent disparity in listing versus selling prices may reflect ___________. - Correct Answer-Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - Correct Answer-Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement i...

Texas Sae Real Estate Brokerage Exam Questions And Answers 100% Verified A consistent disparity in listing versus selling prices may reflect ___________. - answerInaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - answerSales agents will probably make fewer errors as a result of more broker control and supervision. Which optio...

WV REAL ESTATE FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his...

FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS 100% PASS Complaints against licensees are confidential until _____ days after probable cause is found to exist. - Correct Answer ️️ -10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - Correct Answer ️️ -15 Summary Suspension- What is it and who issues it? - Correct Answer ️️ -An emergen...

HI state portion real estate exam Questions and Answers 100% Pass Certificate of license - Correct Answer ️️ -When applying for a Hawaii brokerage firm license, which of the following documents is NOT required? Kanaka - Correct Answer ️️ -Under King Kamehameha I's reign, the ______ initially could possess the land but couldn't legally own the land. Agreement of sale - Correct Answer ️️ -the buyer holds equitable title, and the seller holds legal title, until the loan is paid...

Broker Saul has just signed a written agreement with his newest licensee, Jill, stating that Jill is an independent contractor. To ensure Jill is properly classified, Saul should do which of the following? - Base her compensation on her sales output Katrina and Greg are selecting a firm and a licensee to help them sell their home. They're comparing commission-based and flat-fee listing services. The commission-based service will cost more, but they'll have a licensee who performs most of ...

Colorado Contracts and Regulations Final Exam Questions and Answers Graded A The Real Estate Commission can seize a brokerage firms's or broker's records prior to receiving a response from a complaint. False. The Commission must wait until the response time has passed. Brokers must respond to the Real Estate Commissions's request for a response or the broker's license may be revoked. True. Which duty would be appropriate for an agent and NOT for a transaction-broker? Counseling as to mate...