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ASREB STATE TEST A-8 AND A-9 QUESTIONS WITH COMPLETE ANSWERS

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ASREB STATE TEST A-8 AND A-9 QUESTIONS WITH COMPLETE ANSWERS

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Who may sign a commission check paid out of a broker's trust account?
Salesperson
Broker
Salesperson or broker
Company bookkeeper


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Broker




Which of the following below could sign a property management agreement?
Unlicensed staff
Licensed salespeople with a broker
Office manager only
Corporate office only


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, Licensed salespeople with a broker




A property manager has an agreement with property management company. The
management company license expires. Which of the following is true?
The agreement is valid for one-year grace period
The agreement is suspended until the license is renewed
The agreement will terminate when the management company license expires
The agreement will continue until the stated expiration date


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The agreement will terminate when the management company license
expires




If a property is damaged by fire and the tenant moves out, which of the following is
true?
Tenant may terminate the lease with a 14 day written notice
Tenant may terminate the lease with a 10 day written notice
Tenant may terminate the lease with a 7 day written notice
Tenant may terminate the lease with a 3 day written notice


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Tenant may terminate the lease with a 14 day written notice




All of the following are true regarding self-help for minor defects EXCEPT:
Tenant must give the landlord 10 days to comply
All notices given to the landlord must be in writing

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