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Which of the following can do the transaction without having a real
estate license?
A) A non-profit corporation negotiating rent for a branch office
B) An office tenant negotiating rent on behalf of another tenant
C) An executor selling property as part of the instructions left in a
will
D) A building superintendent collecting rent
E) A salesperson who let her license expire and is selling property
for a neighbor for a fee -
✔ ANSWER ✔ A)
C)
D)
Which of these define a real estate broker?
A) A licensed broker who chooses to work under the supervision and
name of another licensed broker
,B) A person associated with a licensed broker who performs real
estate activities under the licensed broker's supervision
C) Any person, firm, company, or corporation that performs real
estate activities for a fee or compensation of any kind -
✔ ANSWER ✔ C) Any person, firm, company, or corporation that
performs real estate activities for a fee or compensation of any kind
If the activity is "for another, for a fee", then it requires a ________ -
✔ ANSWER ✔ Real estate license
A Real Estate Broker must meet which of the following criteria?
A) Age
B) Course Hour
C) How long have they hold the license -
✔ ANSWER ✔ A) At least 20 years old
B) Completed 120-hour course and passed the broker exam
C) She held a real estate license for two years
When is a real estate license required?
A) When performing maintenance work for one property owner
,B) When performing real estate activities for others, for
compensation of any kind
C) When performing real estate activities for others, without
compensation
D) When performing real estate activities for yourself - ✔ ANSWER
✔ B)
Which of the following persons can perform real estate services
without a license?
A) Carolee, an attorney who sometimes acts as a broker but who
does not employ salespeople to work under her supervision
B) Mabel, who charges a flat fee to assist individuals in buying
properties
C) Paul, who has three years' prior real estate experience and
charges a flat fee to assist individuals in selling properties
D) Zeke, an attorney who acts as a broker and who employs two
salespeople to work under his supervision - ✔ ANSWER ✔ A)
T/F
Your sponsoring broker must display your salesperson's license at
the branch where you work - ✔ ANSWER ✔ False
, T/F
You must carry your Pocket Card on you at all times - ✔ ANSWER ✔
True
Theresa let her real estate license lapse a few months ago, but she's
thinking about reactivating it. If she meets all the requirements for
renewal within ________ of the expiration of her license, she won't
have to retake the state licensing exam.
A) 12 months
B) 30 days
C) 90 days
D) Two years - ✔ ANSWER ✔ D) Tw0 Years
The earliest that a real estate license can be renewed is ________
before its expiration date.
A) 10 days
B) One year
C) Six months
D) Three months - ✔ ANSWER ✔ D) Three Months