Ministerial acts - Study guides, Class notes & Summaries

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...

NH Real Estate Exam Questions and Answers 100% Correct Score The purpose of the NH Real Estate Commission is to - Correct Answer ️️ -License and regulate real estate agents Entry Only Listings (limited service listings) are - Correct Answer ️️ -Considered listings and must comply with listing requirements Look up entry only listings - Correct Answer ️️ - Appointing Agents - Correct Answer ️️ -Appoint real estate licensees to represent clients in real estate offices that p...

MD Real Estate License Exam Questions and Answers 2024 with complete solution The buyer must work exclusively with the broker during the term of the agreement. - answerWhich of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer agency agreement? -The buyer must work exclusively with the broker during the term of the agreement. -The buyer has seven days to consent to being represented by a designated or dual agency before terminating the agreeme...

NH Real Estate Study Guide Test 2024. Purpose of NH Real Estate Commission - correct answer License and regulate real estate agents. Entry Only Listings - correct answer Considered listings and must comply with listing requirements Appointing Agents - correct answer Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - correct answer Requires a contractual brokerage agreement Commission members inc...

What fines may be imposed by the Commission for rules violations? - correct answer -A maximum of $1,000 for a single offence or $5,000 for multiple violations Charging advance brokerage fees is - correct answer -a duty of a broker. Agency can best be described as - correct answer -a written representation agreement between broker and client. Which is true concerning the Commission Chairperson? - correct answer -He is appointed by the Commission members annually. The Georgia Real Esta...

LA STATE REAL EXAM – DONALDSON | LATEST UPDATE State Senate - Commission member appointments are confirmed by the Within 5 days - When the association of an associate broker or salesperson is terminated with their firm for any reason, the broker must return the license to the LREC: It can be re-issued if the former licensee pays all fees and completes all continuing education by March 31. - How can an expired license be reactivated? Only in a rental trust account to pay cu...

Minimum and Maximum Balance of the Guaranty & Education Fund - ANSWER $1,040,000 $5,000,000 The certificate filed with the Real Estate Commission to license a real estate partnership must contain all of the following - ANSWER The names of the partners, The residence address of all partners The percentage of each partners ownership Misreprentation of a material fact which results in a loss is - ANSWER fraud If you do not agree with a penalty imposed by the DC Real Estate Commission, a...

NH Real Estate Exam Questions and Answers 100% Pass Purpose of NH Real Estate Commission - Correct Answer ️️ -License and regulate real estate agents. Entry Only Listings - Correct Answer ️️ -Considered listings and must comply with listing requirements Appointing Agents - Correct Answer ️️ -Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - Correct Answer ️️ -Requires a contractual b...

Louisiana Real Estate Exam Questions Already Graded A+ "Ministerial Acts" do not include Showing a potential buyer through your lisiting "Ministerial Acts" in Louisiana law do not include: Writing an offer to purchase real estate A building, in Louisiana Civil Law is considered a: Separate immovable A charge on one property for the benefit of another property is: A Predial Servitude A dual agent may disclose confidential information: To their broker to seek advice A farm lease th...

NH Real Estate ExamPurpose of NH Real Estate Commission - correct answer License and regulate real estate agents. Entry Only Listings - correct answer Considered listings and must comply with listing requirements Appointing Agents - correct answer Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - correct answer Requires a contractual brokerage agreement Commission members include: - correct answ...