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NSAR SALESPERSON LICENSING UPDATED COMPLETE QUESTIONS AND ANSWERS PREMIUM REVIEW SHEET

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NSAR SALESPERSON LICENSING UPDATED COMPLETE QUESTIONS AND ANSWERS PREMIUM REVIEW SHEET

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NSAR SALESPERSON LICENSING UPDATED
COMPLETE QUESTIONS AND ANSWERS
PREMIUM REVIEW SHEET

●● when may a licensed salesperson engage in real estate activity for an
unlicensed person
Answer: neither answer shown
-when the license is active
-when the license is inactive


●● after a licensed salesperson ceases to work for a broker, he/she may
go inactive
Answer: within 30 days


●● when an active licensee elects to place the license on inactive status,
the law requires that he/she must notify ______ in writing to change to
inactive status
Answer: the real estate commission


●● to reactive a license which had been inactive, a licensed salesperson
must obtain the signature of
Answer: an employing broker

, ●● while on inactive status, a licensee must meet which of the following
requirements to remain licensed
Answer: renwel fees


●● when a licensee reactivates a license after it had been inactive for
more than 2 years, he/she must take continuing education courses
totaling ____ hours for each year the license was inactive
Answer: 9 hours


●● if a licensee must take courses to reactive an inactive license that had
been inactive for 3 1/4 years, the required number of hours of continuing
education courses would be
Answer: 36 hours


●● if a licensee must take courses to reactive an inactive license that was
inactive for more than 2 years, the minimum number of hours of
continuing education courses required would be
Answer: 27


●● when a licensee's license lapses, the licensee
Answer: must cease all broker activity


●● when a licensee's license lapses, his/her license wall certificate
Answer: must be returned to the real estate commission

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