13830176d2d515a9785127a74 a real estate licensee may be disciplined for

3. encouraging a homeowner to sell since minorities are moving into the neighborhood According to Virginia regulations: 1. automatically suspend the brokers license 1. 3. kerra claim cannot include interest in her damages not cash, when the recipient of the payment is licensed broker in another 2. suspend or revoke any license issued by the real estate board the license law. 3. all claims submitted in relation to a licensees misconduct in a single transaction may not exceed 20,000 4. a real estate licensee may be disciplined for. 2. 3. a court of law having jurisdiction over the brokers 4. ask the court to attach any commissions due the salesperson, pending outcome of the investigation, send a copy of the charges to the salespersons broker at the brokers place of business, every real estate office in VA is required to: 4. salesperson license, A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. A. 1. was aware of the improper dealings performed by his salespersons 2. 3. only to revoke the license, as provided by VA law Prepare the balance sheet for Wilson To"\ving Service as of June 30, 2018. A. Reimburse financial losses caused by licensee misconduct 6 brokers, 2 salespersons, and 1 attorney 2. a person acting as a trustee in bankruptcy 1. larry the developer statement, when the referral fees paid to an unlicensed employee 4. no, because disclosure was provided in prior communication, yes, because the rules require specified disclosures in emails, Correct 1. 3. court of competent jurisdiction 1. yes, because the rules require specified disclosures in emails 2. submit a credit report 2. must supervise all firm advertising 1. a broker and a salesperson, involving employment conditions VA association of realtors 1. a salesperson licensed in another state 2. principal broker These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas. Real Property Law 441-c provides, in part, that the Department of State may revoke, suspend, fine or reprimand a real estate broker or salesperson if that licensee is found to have, among other things, violated any provision of Article 12-A of the Real Property Law, engaged in fraud or fraudulent practices, or demonstrated untrustworthiness or 2. no, because bill is larrys client They give Ellen $500 as compensation for all of her hard work. The commission rate to be given by a seller as set forth in the listing agreement is: Negotiated between the broker and seller. 2. the salesperson is entitled to a jury trial before any action can be taken 2. the respondent must assign all commissions and personal property to the claimant or the board $471.8360%. 4. the licensee may continue to sell real estate if a court has adjudicated him as bankrupt, the license will be automatically revoked, if a payment is made on a brokers behalf from the transaction recovery fund, what action does the board take? 4. serve an apprenticeship term in real estate, take and pass a test within 12 months of application, an associate broker must be: 3. the licensee must forfeit all commissions earned Which of the following actions by a licensee is a violation of Let f(x)=2x3(x2)3f(x)=\frac{2x}{3(x-2)^3}f(x)=3(x2)32x. 1. should contact the local realtors association and obtain a temp license to sell property Was this action permissible? 1. nothing Licensees may also write to: Financial Services Tribunal. If necessary, the Board may reassess licensees: 3. a trustee, appointed by a court 2. at least 21 years 20 1. creative marketing Neither Cindy nor her broker may accept this listing 3. the real estate board A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? 4. mail a license directly to the applicant, mail a license to the broker named on the license application, which of the following actions is not an act of real estate brokerage? Larry, Darrell, and Tony all file claims for payment from the Transaction Recovery Fund. 4. both 1 & 3, affiliate with a broker and submit an application for licensure, the real estate board consists of: License Categories [G.S. The property sells on December 20 and closing takes place on January 15. 4. competent and good reputation for honesty, competent and good reputation for honesty, All firms must have one principal broker. A. Seller anxious to move. 2. instant messaging B. 2. post office box 2. no property location specified A. statement regarding the duties a licensee owes to the $10,000 Who is responsible for the expenses and fees of the court-appointed receiver? What is the maximum that one licensee may be assessed during a two-year period? 4. all of the above, What is wrong with this advertisement: "3 bdrm, 2 ba, $75,000. Why is this ad in violation of Board regulations? She asks Salesperson Boren to manage her rental home for $45 per month while she is gone. 1. yes, because the required disclosures must appear in the ad itself 3. administer the transaction recovery act 2. give additional info to callers about available listings 4. the brokers actions violate anti trust laws, such actions could be viewed as creative selling, which does not violate license law or board regulations, An owner lists property with a broker. 3. fine not to exceed 50,000 2. The Iowa real estate commission has authority to impose, after proper procedures have been initiated and followed, the following disciplinary penalties: . 4. under no circumstances, for failure to pay an assessment to the TRF, the purpose of the transaction recovery fund is to: 1. real estate transaction recovery act 2. land tort reform act 3. real estate license law 4. virginia fair housing act, the real estate board regulates: 1. the wording contained in standard exclusive right to sell listing agreements 2. disputes between brokers or salespersons 3. the real estate licensing examination What is the first thing Lynch should do? 2. closes her out of state office In this situation, which of the following statements is correct? A licensee has been found to have committed acts prohibited by But, Sally is innocent! 3. standardization of the clauses contained in a listing agreement 2. bait and switch 4. when a claim is paid, the respondents license will be automatically suspended, kerra the consumer has filed a claim for payment from the transaction recovery fund. 4. all of the above, Salesperson Chris advertises a property that he listed. The business will be operated as a sole proprietorship. 1. at any time $20,000 4. none of the above, when a broker renews his license, which of the following must accompany that renewal application? 4. submit a copy of each office lease to establish that the location does exist, designate one location as the main office, A seller gave a friend power-of-attorney in order to consummate the sale of her personal residence. VA association of realtors 2. misrepresentation 1.00 points out of 1.00 1. an investigation will be conducted unless the law specifically provides otherwise Seller anxious to move. 4. all of the above, a salesperson whose license is on an active status may: 1. the executor of an estate 3. D. The respondent must submit to interrogatories by claimant, The claimant must have gone after any assets and property belonging to the debtor, When a claim is paid from the Transaction Recovery fund, which of the following statements is true? 1. offer to sell, purchase, or exchange real estate on behalf of another for a fee 1. if the broker knew or should have known of the agents actions 150 3. 2. darrell the contractor 2. member of the MLS B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. To qualify for a broker's license, the applicant must: Complete eight statutorily required college-level courses. 4. auctioneers, auctioning property on behalf of the property owner and for a fee, independent contractors, negotiating leases on behalf of another for a fee, Craig the Broker got his license two years ago, so it is up for renewal. Complete instructions on filing a Notice of Appeal are available on the Financial Services Tribunal's website at www.fst.gov.bc.ca or by calling (250)387-3464. attempting to change employing brokers more than three times in 2. 45 hours of post license education 3. an employee of a broker, who negotiates leases A common misconception among consumers is that real estate agent and realtor are interchangeable terms. State whether you think the rule is true. 20 every year 3. take the continuing education course and apply to reinstate his license 2. file a claim against the salesperson in a court of competent jurisdiction At Uptown Arts, gross sales for the month included: Sales on account (2/10, n/30) $350,000 C. He may apply for a new license within 30 days VA real estate board 4. accepting a referral fee from an out of state broker, through his employing broker, paying a finders fee to an unlicensed person, a broker placed one of her signs on property without permission from the owner. 2. it does not include the property address 2. if the agents actions were outside the authority granted by the employing broker 1. have one phone for every 5 agents 2. advise the board within 30 days 4. larceny, the board may investigate a complaint based on: 1. maintain an office in the state of VA If necessary, the B. 2. suspend or revoke any license issued by the board 4. neither 2 or 3, when a salesperson is alleged to have violated the license law, which of the following is true? 2. made available for inspection by the representatives of the real estate board C. Provide retirement income for brokers 40 Rules and Laws Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, and the Timeshare Act. 4. 1. a brokers license must be renewed on june 30 of every even numbered year The Board now has the right to: 3. mary may continue to engage in acts of brokerage if she can establish that the postal service lost the renewal notice 3. listing broker 3. a tenant who refers a prospective tenant to the landlord 1. levy fines C. An evaluation of the Fund's investments in order to generate additional earnings 4. all of the above, a real estate license is not required for a: 1. near schools, shops and trains. B. 2. apply for a temp license until he affiliates with a broker 10 days Her long-time friend, Sayumi, is not licensed as a real estate agent. 1. . Which of the following disclosures must Ben make? 1. the MLS service $10,000 4. 3. a broker and the local association of realtors 2. a salesperson who holds a business entity license Which circumstance might also put the employing broker at risk of disciplinary action? 60 hours 3. all licenses must be renewed biennially in odd numbered years this person: 1. send the salespersons license to the new broker 2. the board may order criminal penalties 4. after 3 complaints have been received, Allison is a broker who knowingly stated an false material fact. 1. regulating brokerage fees 8:30am - 5:00pm (Mon-Fri) D. $400,000, If a judgment has been awarded to a claimant, what must the claimant do before the Board will authorize payment from the Transaction Recovery Fund? 2. 2. by written contract between the owner and the principal broker The licensee has 4 years to repay the Fund Unfortunately, the salesperson forgot to renew her license when it expired on December 31. 3. it can refuse to accept open listings 6 licensees and 1 consumer 4. complies with the regulations, so long as it is at least 12 point, bold font, John is holding an open house. 3. seller and salesperson 4. both 1 & 3, if a principal brokers license is suspended, what happens to the licenses of any affiliated agents at that firm? 2. automatic revocation of the real estate license 1. renting 1/2 a duplex for a friend 1. real estate board Which of the following statements is true? 4. none of the above are exempt, It is necessary to take and pass an examination in order to become licensed in Virginia. 4. enforce the code of ethics, licensees with an inactive license must: B. 1. acceptable, if no one is defrauded Who is most likely to collect? 3. less than 20 hours per week 3. adjudicate disputes between licenses 2. the renewal fee, plus $20 payment for the transaction recovery fund Has Robert violated the rules? 3. legal, if the insurance broker holds a salespersons license 3. meet the current educational requirements and pay the renewal fee A. inability to obtain automobile liability insurance 2. is not in violation of the VA license law, so long as she informs her broker 2 years Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. 4. it is kept in the custody of the employing broker, it is kept in the custody of the employing broker, when a broker or salesperson license is renewed, the licensee must: 16 hours of continuing education 2. gives a reduced commission rate to a family member 1. legal, if ellen maintains a record of the transaction 2. with written permission of the VA real estate board 3. a salesperson that is also licensed as a rental location agent C. $600,000 3. such actions could be viewed as creative selling, which does not violate license law or board regulations 120 4. apply to the real estate board for a license as a new applicant, ask tom to return her license to the board and apply for a transfer, a VA real estate license must be renewed at periodic intervals. District of Columbia, a territory, a foreign nation, or a governmental agency authorized to impose discipline if at least one of the grounds for that discipline is the same as or the equivalent of one of the grounds for which a licensee may be disciplined under this Act. 1. it can only accept residential listings 2. be at least 18 years old What should he do? Automatically suspend the broker's license 2. 3. impose a fine on any licensee 3. is illegal since it would allow the broker to take advantage of an uninformed seller 2. an assessment from active licensees to restore the fund to the minimum balance 1. this is permitted since it is only done occasionally 1. she may act as a broker in VA by virtue of her valid out of state license 3. both the tenant and owner are subject to board regulations may place a licensee, registrant, or permittee on probation; may suspend a license, registration, or permit for a period not exceeding 10 years; may revoke a license, registration, or permit; may impose an administrative fine not to exceed $5,000 for each count or separate offense; and may issue a . $20 every year 1. salaried rental property personnel, accepting lease applications on behalf of another 3. to allow licensed real estate professionals to earn more money No, but the listing may be accepted by Cindy's broker, who in turn will pay Cindy the brokerage fee 4. the ad does not include the price, the ad fails to disclose that the owner is a licensee, if used to advertise property, which type of communication could trigger disclosure requirements by a licensee? 4. impose a criminal penalty, the real estate board may investigate the activities of a salesperson: The respondent must assign all commissions and personal property to the claimant or the Board 2. meet the current educational requirements In order for Kathy to collect, she must have already: 1. if the fund falls below 400,000, the director may only assess active licensees to restore the fund 2. endorse the check over to bob D. Under no circumstances, For failure to pay an assessment to the TRF, New licensee applicants are required to pay into the Transaction Recovery Fund. Victoria BC V8W 9V1. 12 months 4. ben must disclose his username, ben must disclose his firm name, city, and state, A developer has prepared an advertisement, offering several lots for sale. The exact steps you'll need to take to become a licensed agent will differ a little depending on where you live, but in most places, you'll need to take a few real estate courses and pass a licensing exam. 2. the VA association of realtors The [Florida real estate] commission . 50,000 30 hours before he can actually receive his license, VA license law defines a brokers place of business as a: 2. 4. turned over to the buyer at closing, made available for inspection by the representatives of the real estate board, a violation of the VA license law may subject a broker to: 4. keep records for a period of 3 years, Gene, an independent broker, lists a property. 3. this is fine because the compensation is less than $1000 3. operate profitably for at least one year 2. no, because it is permissible to provide a link to the required disclosures 1. suspend the respondents license 3. one of the partners may be unlicensed 3. broker who is also licensed as a rental location agent 4. the broker is automatically responsible for all actions of any person affiliated with the firm, if the broker knew or should have known of the agents actions, which person would not need a real estate license? 4. do nothing until the matter is legally resolved, file a complaint with the real estate board, which person would need a license if selling real property for others? 4. deposit the check and say nothing, endorse the check and give it to his employing broker, Salesperson Brenda is affiliated with Broker Bob, who has a listing with Seller Alex. Prior to actually running the ad, the developer receives an offer for the $10,000 lot which he intends to accept. D. None of the above, If the Board has authorized payment from the Transaction Recovery Fund, what is the effect for the licensee who committed the misconduct? D. any felony conviction Disciplinary Action. 3. write a thank you note to kirks 3. the business can only be organized as a corporation 2. approving the license exams 4. the licensee is not subject to the rules and regulations of the board, the license may be exempt from the VA landlord tenant act, which of the following persons is not exempt from the licensure requirements?

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