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PSI Real Estate Salesperson Exam|| 85 Questions|| Correct 100%

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Real Estate Recovery Fund - ANSWER The Real Estate Recovery Fund was established to provide a means for consumers who have obtained a final judgment in the court, but are unable to collect, a means to collect compensation through the Real Estate Commission. The Real Estate Commission has the authority to conduct a hearing in response to an alleged complaint. As a result of a hearing, the Commission may do all of the following except: - ANSWER Maintain records, even if no disciplinary actions were taken against a licensee An authorized power of the Real Estate Commission is to: - ANSWER Administer and enforce the laws that govern the conduct of licensees Real Estate Commission - ANSWER The Real Estate Commission has the statutory authority to administer and enforce the laws governing the conduct of all licensees. The Department of State contracts the services of a third party testing service to create and administer the examination. The Real Estate Commission has not been granted any statutory authority to interview members of the public. It is the Department of State that issues all real estate licenses not the Real Estate Commission

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  • psi real estate
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