RealEstateU Exam 3 Questions and Answers 100% Correct(Graded A)
Which of the following is NOT exempt from obtaining a license? A.A license attorney admitted to the NYS Bar B.Public officers C.A court ordered official D.A licensed attorney acting as a sponsor to a real estate salesperson - ANSWER-A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. A.1 B.2 C.3 D.4 - ANSWER-2 A real estate salesperson operates as what type of agent to their client? A.Special agent B.General agent C.Universal agent D.Dual agent - ANSWER-Special agent According to this, a broker may be held responsible for the unlawful actions of his/her salespersons? A.Self-dealing B.Implied agency C.Unintentional misrepresentation D.Vicarious liability - ANSWER-Vicarious liability This Act made price fixing, group boycotts, market allocation, and tie-in arrangements illegal? A.RESPA B.TILA C.Sherman Anti-Trust Act D.Fair Housing Act - ANSWER-Sherman Anti-Trust Act Which of the following is required in order for a broker to act as a dual agent? A.Cons
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