2. the board will issue her license if she can provide proof that she passed 4. the salesperson, which is not a requirement to become a broker in VA? 100,000, Kathy the Consumer has filed a claim for payment from the Transaction Recovery Fund. 1. sells insurance from the real estate office where she is employed 2. waiving education or experience requirements Refer to the information presented on the exercise related to Wilson Towing Service. 2. must be displayed in a conspicuous place in her home office 2. an assessment from active licensees to restore the fund to the minimum balance 4. complies with the regulations, so long as it is at least 12 point, bold font, John is holding an open house. Bob accepted the check since he worked hard and felt the bonus was deserved. 4. files an irrevocable consent to suits and services, files an irrevocable consent to suits and services, newly licensed brokers must complete: B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. 4. financing options are not shown, in VA, what action is prohibited in an advertisement for real estate? 30 hours of post license education A. inability to obtain automobile liability insurance, B. habitual intoxication or drug addiction. 3. this is fine because the compensation is less than $1000 400,000 Authorized Real Estate Schools This list is updated regularly to reflect new or expiring real estate schools. 4. the renewal fee, plus proof of errors and omissions insurance, which person can hold more than one concurrent license issued by the board? 3. is not regulated by the board If a salesperson quits or is discharged by his or her broker, the broker is required to return the salesperson's license within: All transactional documentation for listings, purchase and sale agreements, property management activities, exchanges, and trust account records must be retained for a period of: Depositing trust funds with personal or business funds. 3. take and pass a test within 12 months of application 2. a salesperson who holds a business entity license 4. sign an affidavit that they understand the laws in the state of VA, take and pass the VA portion of the licensing exam, the real estate board is responsible for: 3. name of the brokers firm Who is responsible for the expenses and fees of the court-appointed receiver? 2. B. $10,000 3. revocation of his license and a fine 1. that she is not affiliated with a brokerage firm or sole proprietor 2. C. Does not pay the Transaction Recovery Fund assessment 1. the broker has violated board regulations, which preclude paying valuable consideration to an unlicensed person 8:30am - 5:00pm (Mon-Fri) C. He may apply for a new license within 30 days 4. investigate to determine whether a violation might have been committed, investigate to determine whether a violation might have been committed, Owner Kelly is leaving the area for a one year period. 3. adjudicate disputes between licenses 3. both the tenant and owner are subject to board regulations 3. matters outside the scope of its authority PO Box 9425 Stn Prov Govt. 1. the price is not mentioned Under the circumstances, which of the following statements is true? It is true for all positive real numbers aaa and bbb that a+b=a+b\sqrt{a+b}=\sqrt{a}+\sqrt{b}a+b=a+b? 2. the manager of a branch real estate office 1. employs a resident broker to represent her B. 1. neither susan nor gene is in violation of the law 2. endorse the check over to bob To be eligible for a real estate license, a broker applicant must be at least 18 years of age, have a high school diploma or its equivalent, complete a 60 hour real estate fundamentals course and a 30 hours real estate practices course, and also pass the . 1. she is entitled to a hearing before the board can take disciplinary actions, unless the law provides otherwise 1. the principal broker 1. either buyer or seller, based on their agreement 1. in VA, anyone who sells real property must have a real estate license B. 2. a salesperson with 5 years experience may run the office On November 9th, 2022, the Department of Real Estate issued an Order revoking real estate salesperson's license number SA692185000 issued to Nelida Oveida Rios. 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. 2. advise the board within 30 days 1 year 3. in newspaper ads consisting of more than 28 lines of copy 1. cash the check if she deserves it 2. file a claim against the licensee to recover the judgement amount awarded by the court unspecified. not cash, when the recipient of the payment is licensed broker in another 1. salaried rental property personnel, accepting lease applications on behalf of another An unlicensed real estate assistant may do which of the following without a license? 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? 4. the local association of realtors, Rainy Yeng has been transferred out of the area on an extended work assignment. 2. advise the licensee of the charges 1. complete an 18 credit hour course in the principles of real estate 4. enforce the code of ethics, licensees with an inactive license must: 3. hold degree in real estate His license is automatically reinstated A. inability to obtain automobile liability insurance B. habitual intoxication or drug addiction C. nonpayment of federal income taxes D. any felony conviction Expert Answer Option D is View the full answer Which of the following is the maximum penalty that 4. salespersons broker, If the Board honors a claim and authorizes payment from the Transaction Recovery Fund, the claimant subrogates his rights to the Board. The Board now has the right to: 1. if the fund falls below 400,000, the director may only assess active licensees to restore the fund commission split between the licensee and the broker, What is the maximum time an aggrieved 1. filed a suit against the local realtors association 1. fraud The DRE also handles the renewal of the licenses. 3. the broker and the seller 2. can only conclude the transactions in the process to facilitate the termination of the business exemption to the real estate licensing law. The ad reads, "3 bedroom, 2 bath, rambler; below market; good location; call 555-3421." 2. only upon receipt of a written complaint setting forth the alleged violation Subject to ORS 696.396 (Investigation of complaints and progressive discipline), the Real Estate Commissioner may suspend or revoke the real estate license of any real estate licensee, reprimand any real estate licensee or deny the issuance or renewal of a license to an applicant who has: Find, (A) limxf(x)\lim\limits_{x\rightarrow\infty}f(x)\qquadxlimf(x)(B) limxf(x)\lim\limits_{x\rightarrow-\infty}f(x)\qquadxlimf(x) (C ) limx2f(x)\lim\limits_{x\rightarrow2}f(x)x2limf(x), Production opportunities; time preferences for consumption; risk; inflation. Under what circumstances may listing real estate broker in He agrees to maintain the building if he can receive a reduced rental fee. 1. send a copy of the charges to the salesperson at his last known business address 4. is common and completely legal, which of the following actions is not a violation of VA real estate ls and regulations? 4. a fine not to exceed 20,000, and up to 6 months in prison, automatic revocation of the real estate license, the real estate board can reassess licensees if the transaction recovery funds balance falls below: 3. retake their prelicense education and pass a licensing exam 1. creative marketing 2. the tenant must establish an escrow account 2. automatically fine the licensee for $1000, then schedule a hearing The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. This ad is in violation of the Real Estate Board Regulations because: This could be drug and alcohol related crimes, in addition to crimes with elements of fraud, dishonesty, and misrepresentation. This arrangement between the two is: California Real Estate Principles (Chapter 18), Chapter 16: California Real Estate License Law, Real Estate Principles - Chapter 17 (Real Est, Chapter 15: Property Management and the Landl, Chapter 17: Real Estate Residential Construct, Alexander Holmes, Barbara Illowsky, Susan Dean, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Neuro II - Exam 2 Ch. 2. the seller needs a larger house 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. D. $30 in a two year period, Harry is a broker. 3. publish a list of persons that have been granted licenses 4. none of the above, a broker would not be in violation of VA license law if he: Loyalty; 3. 4. both 1 & 3, affiliate with a broker and submit an application for licensure, the real estate board consists of: 4. the inspection service provides a warranty, the fee is acknowledged, in writing, by the parties to contract, A salesperson candidate is required to take a certain number of credit hours before sitting for the state licensing exam. Neither Cindy nor her broker may accept this listing Ellen deposits the money into her personal checking account. 4. after 3 complaints have been received, Allison is a broker who knowingly stated an false material fact. 2. member of the MLS Through reciprocity, what is true of a broker licensed in another state? A. Kerra filed suit against the local Association of Realtors 3. a person acting under a power of attorney without compensation transactions on behalf of a client, c. a real estate licensee selling real estate she owns, d. a licensed auctioneer who is auctioning property. 3. all licenses must be renewed biennially in odd numbered years 180 2. do nothing, as the license automatically renews every 2 years A. The mission of the California Department of Real Estate is to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement. 1. 3. 1. it can only accept residential listings real estate commission for which of the following reasons? the Pennsylvania real estate Commission can impose on that Mark is in Europe for two weeks and cannot be reached. 2. is ready to advertise the property 3. advertising that a property listed by a firm is for sale by owner 4. 3. a rental location agent 4. when the salesperson refuses to perform real estte duties, when the salesperson refuses to perform real estate duties, if a licensee has placed her license on inactive status, it means: 1. yes, because the required disclosures must appear in the ad itself 3. automatically revoke the brokers license
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