Hawaiian Real Estate Module 2 Test 100% Correct Solved

Hawaiian Real Estate Module 2 Test 100% Correct Solved REAL ESTATE LICENSING LAWS ARE CONSTITUTIONAL BECAUSE THEY REPRESENT A VALID EXERCISE OF THE STATE'S POLICE POWER A. TRUE B. FALSE - Correct Answer ️️ -A. TRUE THE REAL ESTATE COMMISSION MAY REVOKE OR SUSPEND A LICENSE FOR WHICH OF THE FOLLOWING? A. ACTING FOR BOTH THE BUYER AND THE SELLER IN A REAL ESTATE TRANSACTION AND COLLECTING COMMISSIONS FROM BOTH AFTER OBTAINING THEIR ORAL CONSENTS TO DO SO B. AN ATTEMPT BY A SALESPERSON TO REPRESENT A REAL ESTATE BROKER OTHER THAN HIS EMPLOYER C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -C. BOTH OF THE ABOVE UNDER THE LICENSING LAWS AN INACTIVE LICENSEE IS NOT PERMITTED TO ADVERTISE "FOR SALE BY OWNER"(FSBO) A. TRUE B. FALSE - Correct Answer ️️ -A. TRUE IF A LICENSEE FAILS TO PAY THE RENEWAL FEE WHEN DUE THE LICENSE IS A. REVOKED B. RESCINDED C. FORFEITED D. SUSPENDED - Correct Answer ️️ -C. FORFEITED IN ORDER TO REINSTATE A LICENSE THAT HAS BEEN TERMINATED BECAUSE OF PAYMENT OUT OF THE RECOVERY FUND THE PERSON MUST A. MAKE FULL RESTITUTION TO THE RECOVERY FUND OF ALL PAYMENTS MADE ON HIS BEHALF B. PAY INTEREST ON THE SUM EXPENDED FROM THE RECOVERY FUND C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -C. BOTH OF THE ABOVE WHICH OF THE FOLLOWING IS REQUIRED TO BE LICENSED AS A REAL ESTATE BROKER? A. A RESIDENTIAL REAL ESTATE LOAN OFFICE B. A COMMERCIAL ESCROW OFFICER C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -D. NONE OF THE ABOVE A CHECK FOR EARNEST MONEY DEPOSIT MAY BE MADE PAYABLE TO WHICH OF THE FOLLOWING? A. THE SALESPERSON WHO SHOWED THE PROPERTY B. THE BROKER WITH WHOM THE PROPERTY IS LISTED C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -B. THE BROKER WITH WHOM THE PROPERTY IS LISTED A LICENSEE IS ENTITLED TO A HEARING WHEN THE LICENSE IS A. SUSPENDED B. TERMINATED C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -C. BOTH OF THE ABOVE IN AN ADVERTISEMENT THE BROKER A. DOES NOT HAVE TO SHOW HIS MLS NUMBER B. HAS TO SPECIFY WHETHER THE PROPERTY IS LEASEHOLD C. DOES NOT HAVE TO SHOW HIS TELEPHONE NUMBER D. ALL OF THE ABOVE - Correct Answer ️️ -D. ALL OF THE ABOVE A SALESPERSON'S AUTOMOBILE EXPENSES AND MILEAGE COSTS EXPANDED IN THE HANDLING OF A PROPERTY FOR SALE ARE USUALLY PAID DIRECTLY BY THE A. SALESPERONS BROKER REGARDLESS OF SALE RESULTS B. THE LISTING PROPERTY OWNER IF A SALE RESULTS C. THE SALESPERSON REGARDLESS OF SALES RESULTS D. NONE OF THE ABOVE - Correct Answer ️️ -C. THE SALESPERSON REGARDLESS OF SALES RESULTS A REAL ESTATE LICENSE IS REQUIRED A. FOR A PERSON SELLING A BUSINESS A PART OF WHICH IS LEASEHOLD FOR COMPENSATION B. FOR A FARMER TO SELL HIS FARM INCLUDING THE ANIMALS TO HIS SON C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -A. FOR A PERSON SELLING A BUSINESS A PART OF WHICH IS LEASEHOLD FOR COMPENSTATION A REAL ESTATE BROKER HAS AN OBLIGATION TO A. GIVE COPIES OF ALL DOCUMENTS TO ALL PARTIES AT THE TIME THEY SIGN B. SIGN DOCUMENTS PERTAINING TO REAL ESTATE TRANSACTIONS C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -A. GIVE COPIES OF ALL DOCUMENTS TO ALL PARTIES AT THE TIME THEY SIGN WHEN PERFROMED FOR COMPENSATION WHICH OF THE FOLLOWING ACTIVITY REQUIRES A REAL ESTATE LICENSE? A. APPRAISING REAL ESTATE B. LISTING REAL PROPERTY FOR SALE OR RENTAL C. BOTH OF THE ABOVE D. NONE OF THE ABOVE - Correct Answer ️️ -B. LISTING REAL PROPERTY FOR SALE OR RENTAL UNDER WHICH OF THE FOLLOWING CONDITIONS MAY A BROKER WITHDRAW MONEY FOR HIS COMMISSION FROM HIS CLIENT'S TRUST FUND ACCOUNT PRIOR TO THE CLOSING OF A REAL ESTATE TRANSACTION? A. IF HE HAS THE CONSENT OF THE SELLER B. IF THERE ARE SUFFICIENT FUNDS IN THE ACCOUNT TO COVER THE COMMISSION AND ALL MONIES DUE ON THE PARTICULAR TRANSAC