13830176d2d515a9785127a74 a real estate licensee may be disciplined for

1. 2. an assessment from active licensees to restore the fund to the minimum balance 3. one of the partners may be unlicensed 3. gene must obtain a brokers license 4. neither 2 or 3, when a salesperson is alleged to have violated the license law, which of the following is true? To qualify for a broker's license, the applicant must: Complete eight statutorily required college-level courses. 3. the license will be automatically suspended After moving to Virginia, her neighbor finds out about this experience and asks Carla to sell his home. Ann Agent. B. 2. a licensee accused in the claim must sell all personal possessions to satisfy the claim 3. For failure to pay an assessment to the TRF within 10 days 3. susan is guilty of accepting money from someone other than her employing broker A public member shall have a high school diploma, or the equivalent, and shall have a minimum of five (5) years experience in a professional capacity, other than as a real estate licensee. 3. is not regulated by the board 4. if the board is notified when his license is renewed, by having his license returned to the board and a new license issued to the new broker, which of the following non residents may obtain a VA real estate license? 3. filed a claim against the salespersons broker 1. investigate the dealings of any real estate broker or salesperson 3. violated the fair housing act Our online system provides more efficient services to those applying for a Real Estate Broker and Salesperson license. 3. take a new exam 2. mail his or her license to the board This arrangement is: Grounds for disciplinary action by the commissioner. 3. an attorney 2. mail a license to the broker named on the license application C. He may apply for a new license within 30 days 3. an appraiser 2. boren must put through $45 in an interest bearing escrow account 4. none of the above, how much experience should a salesperson have before applying for a brokers license? In order for Kathy to collect, she must have already: 2. acting for both buyer and seller with their mutual consent Ben and Jerry are communicating via instant messages. 2. helping a friend sell his house for a fee Undisclosed dual agency is illegal. 2. maintain an escrow account in VA Jack's email: 4. both 1 & 3, affiliate with a broker and submit an application for licensure, the real estate board consists of: D. Kerra must wait until there is sufficient money in the Fund before payment, Kerra filed suit against the local Association of Realtors, The Real Estate Board can re-assess licensees if the Transaction Recovery Fund's balance falls below: 2. their licenses will also be suspended C. $100,000 2. License Categories [G.S. 4. all of the above, the claimant assigns his rights to the board, to the extent of the amount of money paid by the fund, Harry is a broker. 3. the real estate board A. a licensee's obligation of confidentiality ends at the The license will be automatically revoked 2. yes, as long as the owner is aware of it 3. fine not to exceed 50,000 1. an attorney at law 1. it can only accept residential listings What is this requirement? C. $50,000 3. the agents name appears before the brokers name 2. sell or rent property through a foreclosure process Which of the following statements is correct? 1. be at least 18 years old A. inability to obtain automobile liability insurance The individual's salesperson license was first issued on May 31, 2013, and current through December 14, 2018. The Licensing section is responsible for reviewing applications of individuals who are applying to take the Arkansas real estate exam, issuing licenses to persons who enter the profession, annually renewing licenses issued to real estate brokers and salespersons, maintaining current license data and history for each licensee, and maintaining B. 3. a salesperson that is also licensed as a rental location agent 2. local association of realtors 1. at least 40 hours per week 3. the director of the dept of professional and occupational regulation (DPOR) 2. return his or her license to the board B. 1. 2. no property location specified 4. the VA association of realtors, the VA real estate board is empowered to do all of the following, except: 4. all of the above, Salesperson Lynch receives a referral check from an out-of-town broker, Kirks, for sending him a prospective buyer. 20,000 3. must be kept at the employing brokers main place of business 4. a fine not to exceed 20,000, and up to 6 months in prison, automatic revocation of the real estate license, the real estate board can reassess licensees if the transaction recovery funds balance falls below: 0.00 points out of 1.00 1. upon demand by the board 2. the licensee notify the board within 10 days 4. the board, using money from its operating budget, the board, using money from its operating budget, A postal employee has a friend, Berry, who is a real estate salesperson. C. A claimant may collect up to $20,000 3. all claims submitted in relation to a licensees misconduct in a single transaction may not exceed 20,000 3. take the continuing education course and apply to reinstate his license The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund The DRE grants licenses to Real Estate Brokers and Salespersons. 3. an evaluation of the funds investments in order to generate additional earnings 3. operate profitably for at least one year The commission rate to be given by a seller as set forth in the listing agreement is: Negotiated between the broker and seller. 20,000 180 exemption to the real estate licensing law. 4. none of the above, a broker may place a sign on a property when he: 4. apply to have her license placed on inactive status, apply for reinstatement of her license and pay a fee, the real estate license of any person or firm may be revoked by which of the following entities? 2. it can establish minimum and maximum commission rates One night, Larry replies to one of Bill's emails, but includes none of the required disclosures. 2. she may operate in the role of a salesperson in VA 2. she has the right to present witnesses in her defense, provided these witnesses are licensed real estate professionals $10,000 Vera is a licensed salesperson with Broker Tom, but Tom is going to close his office. In this situation, which of the following statements is true? 3. associate brokers 5 years, the supervising broker must post which records in a conspicuous place at the branch office? the salesperson can only do this: 3. only to revoke the license, as provided by VA law 93A2] highest paid nba player 2022 salary; datcha beach guadeloupe; a real estate licensee may be disciplined for. C. Does not pay the Transaction Recovery Fund assessment 2. a rental location agent that is also licensed as a broker 2. should have known about the improper dealings performed by his salespersons 4. a friend, relative, or builder, The Board believes that a broker is not properly managing her escrow account. The deal states that Harry will sell all of the houses that Darrell built on Larry's land. A sales agent obtains a listing and advertises the property as follows: "Spacious 3 bdrm., ideal loc. 4. all of the above, a real estate license is not required for a: 2. acceptable, as a result of the listing contract 4 years 2 years 3. seller and salesperson The general part of the exam is broken into . 3. the firms licensed name must be clearly and legibly displayed 1. the salesperson is entitle to receiver her commission A) Cynthia, age 55, who has a master's degree and has lived in Alabama for the past five years. the expanding universe activity 2 answer key / mahjong tiles engraving / mahjong tiles engraving 1. a personal loan if a broker repays the amount awarded to an aggrieved consumer from the transaction recovery fund with interest, which of the following is true? 1. his or her broker Which of the following statements is true regarding the advertisement? 1. 3. it is prominently displayed in the branch office where the salesperson works 3.1.1 A public member shall not be, nor have been within the last five (5) years prior to the effective date of appointment, a real estate licensee. 3. all licenses must be renewed biennially in odd numbered years 2. instant messaging D. All of the above, Does not pay the Transaction Recovery Fund assessment, Which of the following statements is true if a broker has repaid the amounts awarded from the Transaction Recovery Fund? Bill prefers to communicate with Larry via email. A. Kerra filed suit against the local Association of Realtors 4. all of the above, claims for payment from the transaction recovery fund are filed with the: 1. Why is this ad in violation of Board regulations? 4. all of the above, imposing a fine of $5000 for each violation, If a broker acts for more than one party in a real estate transaction without the full knowledge and consent of all parties, it is: 1. the court that appointed the receiver 10 hours, Two individuals want to form a real estate partnership in Virginia. 1. neither susan nor gene is in violation of the law 1. file an annual report with the board which details the activities of each location 1. the ad fails to include the property address 1. reimburse financial losses caused by licensee misconduct State whether you think the rule is true. 2. that she has an unrealistic opinion on the value of the property 1. determining commission splits between all MLS brokers 4. Which of the following statements is correct? An assessment from active licensees to restore the fund to the minimum balance Prior to actually running the ad, the developer receives an offer for the $10,000 lot which he intends to accept. 3. a person acting under a power of attorney without compensation A. Larry, the developer 100,000 The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 4. 4. the salesperson broker is automatically charged with the same violation, an investigation will be conducted unless the law specifically provides otherwise, hearings before the VA real estate board must be held in accordance with the: 2. 4. $500,000 2. a person receiving a gift certificate to sell a property 2. must complete 145 credit hours of courses approved by the board 4. none of the above, placing a classified ad that contains incomplete or inaccurate info to make the telephone ring" is: A. 1. send the salespersons license to the new broker 2. legal, if disclosed im writing to all parties Method 1 Verifying a Real Estate License Download Article 1 Gather information. 3. a broker and the local association of realtors 1. the old broker and the new broker hold joint responsibility 4. all of the above, a real estate license could be suspended without investigation if the licensee: Patricia Plante, a licensed New Jersey real estate broker-salesperson, Somerset County - By Final Order of Determination dated July 31, 2014, the Commission administratively determined that Plante violated N.J.A.C. 1. 4. must find a licensed broker to run the business, can only conclude the transactions in the process to facilitate the termination process, In April, Mary took a continuing education course to satisfy her October renewal requirements. Grounds for discipline. 3. court of competent jurisdiction real estate commission for which of the following reasons? 4. provide funds for the boards operating expenses, reimburse financial losses caused by licensee misconduct, the minimum balance of the VA real estate transaction recovery fund is: statement regarding the duties a licensee owes to the C. An evaluation of the Fund's investments in order to generate additional earnings 4. all of the above, offer to sell, purchase, or exchange real estate o behalf of another for a fee, the principal broker must keep all of the following at the main firm office, except: A. 3. listing broker 3. the broker and the seller 8:30am - 5:00pm (Mon-Fri) A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Full disclosure; 6. I am a. C. Kerra claim cannot include interest in her damages 2. is not in violation of the VA license law, so long as she informs her broker D. Schedule a hearing to determine guilt or innocence, Automatically revoke the broker's license, If the named licensee is involved in multiple transaction violations, what is the maximum that a person may collect from the Transaction Recovery Fund? A. D. Sentence the licensee to a prison term of no more than 12 months, File a claim against to the licensee to recover the amount paid from the Fund, A consumer may file a Transaction Recovery Fund claim for a loss sustained as the result of a licensee's fraudulent act. 1. 1. principal brokers near schools, shops, and trains. 2. 4. the ad does not include the price, the ad fails to disclose that the owner is a licensee, if used to advertise property, which type of communication could trigger disclosure requirements by a licensee? Which of the following statements must be incorrect? 4. both 1 & 2, if the board receives a written complaint about a licensees actions, what does the board always do? 3. selling a business for a relative 4. under no circumstances, for failure to pay an assessment to the TRF, the purpose of the transaction recovery fund is to: 4. the enforcement branch of DPOR, a court having jurisdiction over the brokers, the real estate board is responsible for: 2. at least 30 hours per week .3. the ad makes false or misleading statements C. $20 every two years B. 2. an appraiser 2. apply for a temp license until he affiliates with a broker 10,000 D. All of the above, The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund, When the Transaction Recovery Fund balance falls below a statutory minimum, it results in: 4. there is no max assessment, New licensee applicants are required to pay into the Transaction Recovery Fund. Which of the following statements is correct? 1. must have a brokers license 4. seller and broker, Bob, an associate broker, sold a property. A licensee has been found to have committed acts prohibited by 1. pay a license reinstatement fee Fowler may have anything over that amount as commission. 600,000 3. the real estate board when his license is renewed Was this action permissible? A. 3. rent apartments for a small fee Authorized Real Estate Schools This list is updated regularly to reflect new or expiring real estate schools. 1. attorney general of the commonwealth of VA 4. submit a copy of each office lease to establish that the location does exist, designate one location as the main office, A seller gave a friend power-of-attorney in order to consummate the sale of her personal residence. In terms of law, real is in relation to land property and is different from personal property while estate means the . A. inability to obtain automobile liability insurance, B. habitual intoxication or drug addiction. 3. 1. associate broker 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership. A. Engages in acts of brokerage while on inactive status the regulations specify that: 3. A real estate licensee may be disciplined by the Pennsylvania 2. have a desk for every 5 agents After that, Tony would handle the mortgages of any buyers through his bank. Method 1 Qualifications and Education 1 Find out the licensing requirements where you live. Call Paula after 5 at 123-4567." B. 1. gene should send his license to the board and request an associate brokers license 4. all of the above, Robert the Broker wants to stay on top of technological trends. 3. yes, because suzy must communicate directly with billy 3. hold a hearing in order to allow the licensee to defend himself 3. the clerk must be licensed as a broker 3. encouraging a homeowner to sell since minorities are moving into the neighborhood