EXAM 2026 COMPLETE 60 QUESTIONS
AND CORRECT ANSWERS VERIFIED
⩥ Activities requiring a LINCENSE. Answer: 1) Listing ( or offering to
List ) RE for sale or rent
2) Selling or buying ( or offering to sell or buy ) RE
3)Leasing or renting ( 0r offering to lease or rent ) RE
4) Conducting ( or offering to conduct) a Real Estate Auction. NOTE
Mere criers of sale are EXCLUDED.
NOTE : AN auctioneer's license is ALSO REQUIRED to auction Real
Estate
5) SElling Buying Leasing ASSIGNING or EXchanging any interest in
RE, A LEASEHOLD INTEREST, in connection with the sale or
purchase of a business
6) Referring a party to a RE licensee, if done for compensation.
Therefore, No liensee may pay a finders fee , Referral fee "BIRD DOG
fee" or similar compensation to a unlicensed person.
⩥ Unlicensed Employees- Permitted Activities. Answer: 1) Receive and
forward calls n electronic messages to licensees
2) Submit listings and changes to a MLS but only if the listing data or
changes are complied n provided by a Licensee
3) Secure copies of public records from public Repositories
, 4) Place " For Sale" or : For Rent signs and lock boxes on property at the
direction of a Licensee
5) Order and supervise routine and minor repairs to listed property at the
direction of Licensee.
6) Act as a courier to deliver or pick up documents
7) Provide to prospects Basic Factual info on listed property that might
appear in ads, RE publications or internet website
8) Schedule appts for showing property listed for sale or rent
9) Communicate w/licensee. property owners, prospects,inspectors ets to
coordinate or confirm appts
10) SHOW RENTAL properties managed by the employees employing
broker to prospective tenants and complete and execute PREPRINTED
FORM LEASES FOR THE RENTAL of such properties.
11) Type offers ,contracts and leases from details of preprinted forms
completed by a licensee
12) Record an Deposit Earnst Money Deposits, tenant security deposits
and other trust monies- maintain records of trust Acct receipts and
disbursements under close supervision of BIC
13) Assist a Licensee in assembling documents for closing
14) COMPUTE COMMISSION CHECKS for licensees affiliated w/
Broker and act as a BOOKKEEPER for the firms bank operating accts.
⩥ REAL ESTATE Commission-purpose and powers. Answer: Statutory
Powers Granted to RE Commission are