Which is true regarding a property management agreement? 1. the manager obtains
an exclusive listing to sell the property at any time 2. it defines the rights and
obligations of owner and agent
a. 1 only
b. 2 only
c. both
d. neither
Give this one a try later!
b. 2 only
,What would the director of DOL require a managing broker do if they are found using
trust funds for personal use.
a. a cease and desist order
b. suspension of license
c. revocation of license
d. all the above
Give this one a try later!
a. a cease and desist order
When a mortgage is used in the real estate transaction, the evidence of the principal
obligation is the
a. associated warranty
b. note
c. mortgage
d. Recording
Give this one a try later!
b. note
, The Real Estate Commission, in Washington:
a. has the power to suspend licenses
b. has the power to revoke licenses
c. prepares the real estate exams
d. all of the above
Give this one a try later!
c. prepares the real estate exams
When using NWMLS forms, the firm must deposit client money into the trust account
or escrow?
a. by the next business day
b. within 2 business days
c. within 2 business days after mutual acceptance
d. within the business week
Give this one a try later!
c. within 2 business days after mutual acceptance
an exclusive listing to sell the property at any time 2. it defines the rights and
obligations of owner and agent
a. 1 only
b. 2 only
c. both
d. neither
Give this one a try later!
b. 2 only
,What would the director of DOL require a managing broker do if they are found using
trust funds for personal use.
a. a cease and desist order
b. suspension of license
c. revocation of license
d. all the above
Give this one a try later!
a. a cease and desist order
When a mortgage is used in the real estate transaction, the evidence of the principal
obligation is the
a. associated warranty
b. note
c. mortgage
d. Recording
Give this one a try later!
b. note
, The Real Estate Commission, in Washington:
a. has the power to suspend licenses
b. has the power to revoke licenses
c. prepares the real estate exams
d. all of the above
Give this one a try later!
c. prepares the real estate exams
When using NWMLS forms, the firm must deposit client money into the trust account
or escrow?
a. by the next business day
b. within 2 business days
c. within 2 business days after mutual acceptance
d. within the business week
Give this one a try later!
c. within 2 business days after mutual acceptance
