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A real estate licensee may have his/her license revoked for - 🧠 ANSWER
✔✔accepting compensation for brokerage services from someone other
than the employing broker
Who must comply with the state license laws? - 🧠 ANSWER ✔✔A real
property owner involved in a like kind exchange with another property
owner who is represented by a license
Which of the following is /are regulated by the real estate license laws? - 🧠
ANSWER ✔✔An individual charging a finder's fee for referral of information
leading to a listing
,A license may be revoked upon proof of - 🧠 ANSWER ✔✔stating to a
perspective client that the listing commission is set by state law
As a salesperson involved in a real estate transaction, you may accept a
commission from the - 🧠 ANSWER ✔✔employing broker
A salesperson may advertise a property for sale only - 🧠 ANSWER ✔✔if the
name of the employing broker is in the ad
A licensing board or commission has jurisdiction to do which of the
following? - 🧠 ANSWER ✔✔Establish that all real estate commissions are
negotiable
A broker can have his/her license revoked for - 🧠 ANSWER ✔✔failing to
pay salespeople their earned commissions
A real estate broker hires a secretary who does not have a real estate
license to be in charge of the clerical staff. The broker agrees to pay the
secretary a fixed salary. Which of the following duties may the secretary
perform? - 🧠 ANSWER ✔✔Typing contracts submitted by the salespeople
in the broker's office
Which of the following requires a real estate license? - 🧠 ANSWER
✔✔Obtaining a listing to find a tenant to rent a store
, Which of the following is/are entitled to a hearing before the real estate
licensing commission? - 🧠 ANSWER ✔✔One who has passed the state
licensing exam and has been denied a license
A broker is guilty of commingling if he/she maintains client's monies - 🧠
ANSWER ✔✔In a sealed envelope in the office safe
Which of the following actions on the part of a real estate broker or
salesperson could result in license revocation? - 🧠 ANSWER ✔✔Quoting to
prospective buyer's a sale price that is lower than the listed price
A licensee could have his/her license revoked for - 🧠 ANSWER ✔✔failing to
disclose to the buyer customer the agency relationship he/she has with the
buyer
Which of the following is notrequired in an application for a real estate
salesperson's license? - 🧠 ANSWER ✔✔U.S. citizenship
A broker's license can be revoked if he/she: - 🧠 ANSWER ✔✔directs a
salesperson to make the first bid on the property without notifying the
owner in writing that the prospective purchaser works for the broker
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