Property Management SAE Practice Study Test.

Property Management SAE Practice Study Test. The three Canons of Professional Ethics and Conduct are - CORRECT ANSWER Fidelity, Integrity and competency What are two ways competency can be demonstrated? - CORRECT ANSWER Geographically or by the type of real estate conducted Intermediary requires that the agent - CORRECT ANSWER All the above v Intermediary requires that the agent - CORRECT ANSWER There can be an intermediary with no appointments A referral fee may only be given to an unlicensed person if it is - CORRECT ANSWER A gift worth $50 or less `TREC Rule §535.155, Advertisements, does NOT define advertising as - CORRECT ANSWER Communication from a license holder holder to a current client A license holder is using social media and trying to decide if the post would be considered "advertising." Which of the following questions should the license holder ask to determine if the post would be considered advertising? - CORRECT ANSWER Is this post designed to attract or give the publiicy to do business oppurtinity The most common copyrighted material a license holder encounters is - CORRECT ANSWER Images and photographs When LLCs and Trusts are involved in real estate transactions two things the license holder should verify are - CORRECT ANSWER Who can sign and do they have a bank accountin the trust or llc name A CPA or attorney - CORRECT ANSWER The best person to determine if the seller has a tax obligation under FIRPTA is