State Portion Real Estate Exam Questions and Answers Already Passed

State Portion Real Estate Exam Questions and Answers Already Passed Not psychologically affected if Reputation of haunted ghost Operate INDIANA property management firm outside of the broker company What is Correct ? Broker me do with formal approval of original managing broke Listing agreement should be delivered to Owner Upon signing Broker hires interactive broker to conduct open house The broker may face disciplinary action for incompetent practice Broker a discovers a former buyers client of his list of the home with broker be broker a tell us is former buyers. Client canceled the relationship with broker be and come back to list it with him since he previously worked with the buyer before this is called. Incompetent practice To practice in a referral service, a brokers company must Have a written agreement with the cooperating broker A broker with a license in inactive status is permitted to do the following Wave requirements for continuing education Brokers Z is a member of an (LLC) that buys and sells investment properties. List properties with broker Q. At another firm. Broke z Must disclose in writing Z's interest to all parties Must do 30 post- listening education Within two years Sarah has passed her brokers exam and applied for licensure. What activities can she not perform? Explain amortization table An offer to purchase is written Monday, March 2. The offer is accepted on Monday, March 9. The closing takes place on Monday, March 30. The broker should deposit the earnest money. March 11, 2019 An individual has been convicted of a selling drugs and has served a three year sentence in prison. The individual has satisfied all the requirements for licensure in a place for a brokers license to Indiana real estate commission must. Consider the offense to determine if it will have a direct bearing on the individuals ability to practice competently Working to convince a potential buyer that a single-family house near a university could be converted to a student housing. A broker guarantees, the buyer that a future suit and a sustainable profit such a guarantee. Constitutes failure to engage in competent practice under the real estate rules and regulations Which of the following is the proper way to split commission? The agreed amount discussed between brokerage company Every brokers company shall be directed supervised and managed by individual broker individual broker Shall be primarily responsible for the brokers companies actions Which of the following statements about the events surrounding a closing on a commercial property that listed with a managing broker and soul by another agency life is correct The listing managing broker or a license associate is not required to attend The licensee acting on behalf of an out-of-town seller received an offer from buyer licensee me except offer Only if license, he has a written authority as a POA from the seller In Indiana real estate commission may delay the renewal of a brokers license, if the Managing broker has felt a ride to commission was copies of the brokers, continuing education certificates A brokers license expired two days ago in order to reinstate license. A broker must. Pay all unpaid license fees, along with the required reinstatement fee A broker listening home the listing agreement must be delivered to the owner Upon signing the agreement A newly licensed broker must take it and pass a 30 hour of post licensing's education Within two years after license was issued A seller of real estate who does not have a real estate license swindles a buyer out of $60,000 how much any maximum might the buyer recover from the Indiana real estate recovery fund Zero All advertising submitted by the a broker must be written the direct supervisor in control of the Managing broker In the general, the office of the Attorney General may do which of the following during an investigation Subpoena documents related to the investigation An unlicensed person since a prospect to real estate firm, should a person be compensated May not/never received any sort of fees T a licensee from Illinois, has been retained by the probate court to sell all the real estate in Jay's estate. One of the properties located in Indiana if T wants to sell the property located in in Indiana in this situation which of the following statements is correct Tea can apply to the Indiana real estate commission for a written permission to sell the property A consummation of transactions listing broker is required to deliver closing statement to The seller What statement is correct about the company's office policy? Permits, or reject limited agency Prior to placing a for sale sign on a lawn licensee must have Written consent of the seller A licensee representing a seller has a duty 2% all right offers to purchase from the cooperating broker Immediately upon request or offer Upon request, brokers company must provide CE certificates for brokerage this falls to Broker A broker hires an inactive broker to conduct an open house, which of the following statements about the situation is correct The broker May face disciplinary actions for incompetent practice Valid listings with Broke H Broker M tells them to cancel and list with Broke M M's license can be revoked or suspended The responsibility of retaining in continuing education completion certificate for a broker falls to the Broker A person without a valid real estate license, cannot list or sell for the consideration unless that person Falls under exemption from licensing in IN real estate law A broker notifies, the brokers company that they are moving to another firm at the end of the month which of the following statements is true The broker shell turn over the brokers company in any listings obtained, unless they have written agreement to the contray The attorney general do may do which of the following Subpoena documents for the investigation A broker is affiliated with brokers company XYNZ the broker opens a limited liability company on the side to practice property management for third parties for consideration. This is an example of. Lawful practice An individual must have a brokers license to conduct which of the following Conduct the sell of real property Do you qualify for commission? Residence for 10 years Managing brokers must keep closing statements records up to Five years Commission revoked license, how many years to reapply? 7 The Indian real estate commission general powers under Indiana law includes Revoking a license in pro hitting the person from ever applying for a new license A limited agent may disclose which of the following Septic tank A broker in Indiana resides in the state of Michigan and his license as a real estate broker in Indiana in this situation the broker Act as a brokers, associate it with managing broker in Indiana Seller why sites is failing they can't fill out the residential real estate disclosure form Inform seller that it could be waived Which of the following would constitute an incompetent practice by licensee? Filling to account for the documents, belonging the client that have come to the licenses possession A broker has a listing agreement to deliver to his out of town to property secured this listing agreement Maybe an electronic format Advertise open houses with drawing for free tv broker must disclose to Seller A brokers company must provide to the real estate commission upon request A detailed summary of their escrow account Inducements allowed Donate to chatof buyer/seller choice With approval A broker resides in the state of Michigan and is licensed as real estate broker in INDIANA in this situation the broker may Act as a broker associate with managing broker in INDIANA If the Indiana real estate commission denies a person license application the person may appeal the denial by Petitioning the commission for review A broker has been hired to appraise a property being offered for sale the broke must Adhere to the uniform standards of professional appraising practice A broker discover that a former buyer client has l listed their home with another broker. The broker calls the former client and suggest that they try to get out of the contract and list with them. This is call ed Deemed incompetent practice Broker company upon request must provide what commission Summary of escrow account Consent to limited agency must be given Voluntarily by seller and buyer Licensed broker acting is appraiser except appraisal assignment based on predetermined vaule broke may be License revocation and suspension In order for broker to transfer form one broke to another what I must the broker do Notify Indiana real estate commission within 5 days Under Indiana real estate license law the definition of a psychological affect home includes a home Where a person died How many continuing education house are required for each CE year 12