Bob Hogue Unit 5 EXAM With Correct Answers

Bob Hogue Unit 5 EXAM With Correct A




1. cJohn cAnderson cis ca clicensed creal cestate csales cassociate. cUnder cwhich cname cmay che cregi

a. cComplete cReal cEstate cSales cServices c
b. cJohn cAnderson cBrokerage c
c. cJohn cAnderson, cLLC c
d. cJohn cAnderson cand cPartners c- cCORRECT cANS✔✔c. cJohn cAnderson, cLLC

2. cA csales cassociate creceives ca cbinder cdeposit cfrom ca cbuyer con cMonday. cBy cthe cend cof cbus
cweek cmust cthe cbroker cdeposit cthe cfunds cinto cthe cescrow caccount? c


a. cTuesday c
b. cWednesday c
c. cThursday c
d. cFriday c- cCORRECT cANS✔✔c. cThursday

3. cReal cestate csales cassociates cwho creceive cchecks cpayable cto cthem cas cdeposits con cthe cpu

a. cendorse cthe cchecks, cdeposit cthem cin ctheir cemployers' caccounts, cand cmaintain cgood crecord
b. cendorse cthe cchecks cand cimmediately cturn cthem cover cto ctheir cemployers. c
c. cdeposit cthe cchecks cimmediately cin ctheir cown caccounts cand cnotify ctheir cemployers cof cthe ctr
d. cdeposit cthe cchecks cimmediately cand cgive ctheir cemployers cthe cequivalent camounts cin cthe cfo
cCORRECT cANS✔✔b. cendorse cthe cchecks cand cimmediately cturn cthem cover cto ctheir cemploye


4. cWhich cstatement cis cFALSE cregarding cescrow caccounts? c

a. cThe cescrow caccount cmay cbe ceither cinterest cbearing cor cnon-interest-bearing. c