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MS Real Estate State Portion EXAM 2025/2026 BANK 2025/2026
BANK 2 VERSIONS QUESTIONS AND ACCURATE ACTUAL
EXAM WITH FREQUENTLY TESTED QUESTIONS AND
STUDY GUIDE / EXPERT VERIFIED FOR GUARANTEED
PASS/ALREADY GRADED A+
Special situations, where unusual facts exist or where one or more
parties involved are especially vulnerable, could require additional
disclosures not contemplated. in such cases, brokers - ANSWERS--
should seek legal advice prior to entering into an agency relationship
If a broker, as escrow agent, accepts a check and later finds that such
check has not been honored by the bank on which it was drawn, the
broker shall - ANSWERS--immediately notify all parties involved in
the transaction
Monies received in a trust account on behalf of clients or customers
are not assets of the broker, however, a broker May deposit and
keep in each escrow account or rental account some personal funds
for the express purpose - ANSWERS--of covering service charges and
other bank debits related to each account
When the broker is Agent for the seller and for any reason the seller
fails or is unable to consummate the transaction, the broker has no
right to any portion of the money deposited by the purchaser, even if
the commission has been earned. The money must be returned to
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the purchaser and the broker - ANSWERS--should look to the seller
for compensation
Earnest money accepted by the broker or any licensee for which the
broker is responsible and upon acceptance of a mutually agreeable
contract is required to deposit the money - ANSWERS--into a trust
account prior to the close of business of the next banking day
An agent Made Real Estate signs to put in the front yard of his clients
home. He did not put the name of is responsible broker or name of
his real estate firm on the side. - ANSWERS--this is a "Blind Ad" and is
in violation
When an licensee is advertising their own property for sale, purchase
or exchange which is not listed with a broker, the licensee must -
ANSWERS--the licensee must indicate he or she is licensed
The use of any copyrighted term or Insignia on stationary, office
signs, or in an advertisement by any licensee not authorized to do so,
will be considered - ANSWERS--as "substantial misrepresentation"
and cause for refusal, suspension, or revocation of the license
A real estate broker must keep on file following its consummation
complete records relating to any real estate transaction for -
ANSWERS--3 years
MS Real Estate State Portion EXAM 2025/2026 BANK 2025/2026
BANK 2 VERSIONS QUESTIONS AND ACCURATE ACTUAL
EXAM WITH FREQUENTLY TESTED QUESTIONS AND
STUDY GUIDE / EXPERT VERIFIED FOR GUARANTEED
PASS/ALREADY GRADED A+
Special situations, where unusual facts exist or where one or more
parties involved are especially vulnerable, could require additional
disclosures not contemplated. in such cases, brokers - ANSWERS--
should seek legal advice prior to entering into an agency relationship
If a broker, as escrow agent, accepts a check and later finds that such
check has not been honored by the bank on which it was drawn, the
broker shall - ANSWERS--immediately notify all parties involved in
the transaction
Monies received in a trust account on behalf of clients or customers
are not assets of the broker, however, a broker May deposit and
keep in each escrow account or rental account some personal funds
for the express purpose - ANSWERS--of covering service charges and
other bank debits related to each account
When the broker is Agent for the seller and for any reason the seller
fails or is unable to consummate the transaction, the broker has no
right to any portion of the money deposited by the purchaser, even if
the commission has been earned. The money must be returned to
, 2|Page
the purchaser and the broker - ANSWERS--should look to the seller
for compensation
Earnest money accepted by the broker or any licensee for which the
broker is responsible and upon acceptance of a mutually agreeable
contract is required to deposit the money - ANSWERS--into a trust
account prior to the close of business of the next banking day
An agent Made Real Estate signs to put in the front yard of his clients
home. He did not put the name of is responsible broker or name of
his real estate firm on the side. - ANSWERS--this is a "Blind Ad" and is
in violation
When an licensee is advertising their own property for sale, purchase
or exchange which is not listed with a broker, the licensee must -
ANSWERS--the licensee must indicate he or she is licensed
The use of any copyrighted term or Insignia on stationary, office
signs, or in an advertisement by any licensee not authorized to do so,
will be considered - ANSWERS--as "substantial misrepresentation"
and cause for refusal, suspension, or revocation of the license
A real estate broker must keep on file following its consummation
complete records relating to any real estate transaction for -
ANSWERS--3 years
