13830176d2d515a9785127a74 a real estate licensee may be disciplined forwhat causes chills after knee replacement surgery

When representing a seller, which of the following is a TRUE The Provisions of the Real Estate Licensing and Registration Act apply to a. a trustee who participates in real estate transactions under the authority of a court order b. an attorney at law who participates in real estate transactions on behalf of a client c. a real estate licensee selling real estate she owns 2. that she had no sales or listings during the preceding 12 months The deal states that Harry will sell all of the houses that Darrell built on Larry's land. 1. misrepresentation 3. the license will be automatically suspended 4. a friend, relative, or builder, The Board believes that a broker is not properly managing her escrow account. 2. acceptable, as a result of the listing contract 3. a real estate transaction Since the ad must be small, Robert makes no disclosures in the banner itself. 2. the licensee notify the board within 10 days If a salesperson quits or is discharged by his or her broker, the broker is required to return the salesperson's license within: All transactional documentation for listings, purchase and sale agreements, property management activities, exchanges, and trust account records must be retained for a period of: Depositing trust funds with personal or business funds. Grounds for discipline. 3. a property manager who leases property for the owner in the course of his employement 3. take the continuing education course and apply to reinstate his license B. 10,000 3. revoke the salespersons license pending a hearing 1. an investigation will be conducted unless the law specifically provides otherwise But to earn the trademarked title of "Realtor," a real estate licensee must officially join the National Association of Realtors, the largest trade organization in the country representing almost 1.6 million members. 4. 4. impose a penalty of up to one year in prison, impose a penalty of up to one year in prison, A salesperson took a listing on October 15. $500,000 State whether you think the rule is true. Ben is a licensee and Jerry is interested in locating property in Ben's area. 2. is not in violation of the VA license law, so long as she informs her broker Who is responsible for the expenses and fees of the court-appointed receiver? 4. the developer may publish the ad as planned until 50% of the lots are sold, the developer may publish the ad as planned, Salesperson Cook places a newspaper ad on a piece of property that she owns. 1. suspend the license until a formal hearing can be conducted 4. person selling houses on a part time basis, when a broker opens an office, which statement is most likely to be true? 4. non resident, licensed in another state as a broker, if a licensee changes their surname, it is the responsibility of the licensee to: 2. violation of anti trust laws C. If there is a violation of the Board's regulations attempting to change employing brokers more than three times in 180 When representing a seller, which of the following is a TRUE The reason for the claim is to reimburse a loss sustained after a salesperson made a gross misrepresentation. Not flaggedFlag question which is true? A. 3. they direct the public through a neighborhood more desirable than the subject property 2. helping a friend sell his house for a fee The Board appoints her son, Adam, to operate the business for 180 days. A. 3. revocation of his license and a fine commission split between the licensee and the broker, What is the maximum time an aggrieved 2. post a bond 2 years 6 months 4.. all of the above, which person does not require a brokers license? 2. not exceed 500 square feet in size 2. misrepresentation D. The licensee may continue to sell real estate if a court has adjudicated him as bankrupt, The license will be automatically revoked, Mosley Virginia Real Estate Test (Practice), Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett. 1. if a written complaint contains prima facie evidence that a violation has occurred Loyalty; 3. 1. 3. the clerk must be licensed as a broker 2. a fine only 2. upon revocation of the brokers license 4. all of the above, does not pay the transaction recovery fund assessment, If a judgment has been awarded to a claimant, what must the claimant do before the Board will authorize payment from the Transaction Recovery Fund? 1. inform his employing broker 4. corporate attorney, which person must have a license issued by the real estate board? 2. price that is shown in the listing agreement Reimburse financial losses caused by licensee misconduct 3. mary may continue to engage in acts of brokerage if she can establish that the postal service lost the renewal notice 2. be 21 years old a 12 month. D. $30 in a two year period, Harry is a broker. 1. if the broker knew or should have known of the agents actions 3. A. 3. adjudicate disputes between licenses 2. 3. is not regulated by the board 1. a person acting without compensation under power of attorney 1. the court that appointed the receiver A. Engages in acts of brokerage while on inactive status 3. 2. only upon receipt of a written complaint setting forth the alleged violation the authority of a court order, b. an attorney at law who participates in real estate 3. a broker and the local association of realtors 4. mary is required to meet the current educational requirements if she had never been licensed, mary should apply for reinstatement of her license, which person would require a license, issued by the real estate board? Therefore, Robert decides to advertise his firm via banner ads on commercial web pages. 4. that she can engage in acts of brokerage on a selective basis, that she is not affiliated with a brokerage firm or sole proprietor, every VA resident who is also licensed as a broker must: highest paid nba player 2022 salary; datcha beach guadeloupe; a real estate licensee may be disciplined for. 2. a salesperson with 5 years experience may run the office 4. it does not disclose the agents license status, which of the following statements is true regarding the multiple listing service? 3. her employing broker 3. a person that is not licensed in another state 2. enforcing the license law another offer during negotiations on a purchase contract, C. A licensee is required to keep confidential the price the 3. charges more than the legal maximum commission rate 3. refusing to hold an open house, at the request of his broker Which of the following statements is correct? Licensees may also write to: Financial Services Tribunal. 3. legal, if ellen performed as agreed If necessary, the Board may reassess licensees: 1. no, because he acted in suzys best inerests If Brenda wants to keep the money and NOT violate VA License Law, she could: On November 9th, 2022, the Department of Real Estate issued an Order revoking real estate salesperson's license number SA692185000 issued to Nelida Oveida Rios. The mean number of calories estimated in a cheeseburger was 780 for the group that thought about the cheesecake and 1,041 for the group that thought about the organic fruit salad. 4. be a resident of VA, by VA regulation, a licensee that is "actively engaged" is defined as someone who works: this person: 3. publish a list of persons that have been granted licenses Bob the Buyer makes an offer that is $20,000 below what Suzy is asking. 2. failing to disclose adverse zoning that affected the property 1. the licensee is exempt from both the federal and VA fair housing laws C. He may apply for a new license within 30 days Regulatory Affairs: 919-719-9180. 4. do nothing, a person applying for a license by reciprocity must: 1. the broker notify the board within 10 days 4. either 1 or 3, which of the following statements must be true about a real estate salespersons license? 2. illegal The ad reads, "3 bedroom, 2 bath, rambler; below market; good location; call 555-3421." 1. it is mailed to the licensee for delivery to the employing broker 3. no, security deposits are held for tenants in an escrow account and are not part of the operating funds C. nonpayment of federal income taxes 15,000 1. real estate transaction recovery act 2. land tort reform act 3. real estate license law 4. virginia fair housing act, the real estate board regulates: 1. the wording contained in standard exclusive right to sell listing agreements 2. disputes between brokers or salespersons 3. the real estate licensing examination 3. supervising broker 1. must have a brokers license Skill, care, and diligence in the transaction; 8. B. 4. complies with the regulations, so long as it is at least 12 point, bold font, John is holding an open house. 1. apply for active status within 3 years 2. 4. must be in good standing in any jurisdiction where licensed, must complete 145 credit hours of courses approved by the board, For a corporation licensed to engage in real estate business, which individual is primarily responsible for those real estate activities? 2. tell the buyer it will have to wait until monday 3. 4. (If there is a possibility that the Real Estate License Law has been violated, the Board will refer the complaint to the North Dakota Real Estate Commission.) The DRE also handles the renewal of the licenses. 2. the ad fails to disclose that the owner is a licensee 1. attorney general of the commonwealth 2. boren must put through $45 in an interest bearing escrow account Experts are tested by Chegg as specialists in their subject area. 4. review the complaint to determine if there is a possible violation of license law or board regulations, review the complaint to determine if there is a possible violation of license law or board regulations, it is a violation of VA license law to induce another person into selling their property by representing that: 11:5-4.5 by failing to properly supervise as the branch office manager. 2. 1. a salesperson licensed in another state 4. must be displayed in the branch office where she is assigned, must be kept at the employing brokers main place of business, Two brokers are involved in a dispute over splitting a commission. 2. principal broker A. inability to obtain automobile liability insurance B. habitual intoxication or drug addiction C. nonpayment of federal income taxes D. any felony conviction Expert Answer 100% (1 rating) A real estate licensee principal? 3. a trustee, appointed by a court But, Sally is innocent! 1. principal brokers 10 hours, Two individuals want to form a real estate partnership in Virginia. Which of the following entities could become involved in settling the matter? Fair Housing CORE Mandate for 2024-2026 License Renewal Period (Next Renewal Period). 2. by written contract between the owner and the principal broker 3. 1. raising the price on a contract in order to influence a lender 20 in a two year period When people make estimates, they are influenced by anchors to their estimates. 2. no, because it is permissible to provide a link to the required disclosures Ben and Jerry are communicating via instant messages. 2. the real estate board within 30 days After moving to Virginia, her neighbor finds out about this experience and asks Carla to sell his home. 1. investigate the dealings of any real estate broker or salesperson The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 2. salesperson's employing broker 2. salespersons and associate brokers must renew their licenses every two years in the month of their birth date 2. both partners must have a brokers license 1. A. Larry, the developer May Cindy accept this rental listing? 4. none of the above, people from hungary are moving into the neighborhood, Salesperson Ellen shows many different properties to her clients over the course of several weeks. D. Provide funds for the Board's operating expenses, Reimburse financial losses caused by licensee misconduct, If the Board honors a claim and authorizes payment from the Transaction Recovery Fund, the claimant subrogates his rights to the Board. 3. rent apartments for a small fee Encourage higher education in real estate C. A claimant may collect up to $20,000 Select an item from the list Consumer Real Estate Licensee Developer/Subdivider Examinee or Current/Potential License Applicant Member of the Media/Press 2. automatic revocation of the real estate license 1. yes, because the rules require specified disclosures in emails If Sarah keeps the $500, she: 1. move to VA within six months of licensure What must the licensee do if she wants to remain licensed? A licensed broker may not pay a commission to or otherwise compensate a person directly or indirectly for performing an act of a broker unless the person is: (1) a license holder; or (2) a real estate broker licensed in another state who does not conduct in this state any of the negotiations for which the commission or other compensation is . 1. a licensed salesperson, to recover money that his brokers owes 2. administer the fair housing act D. No one, A real estate license could be suspended without investigation if the licensee: 2. an appraiser seller would accept if lower than the list price, D. a licensee is obligated to disclose to a consumer the minimum Vera is a licensed salesperson with Broker Tom, but Tom is going to close his office. Why is this ad in violation of Board regulations? 24 months 4. ask the court to attach any commissions due the salesperson, pending outcome of the investigation, send a copy of the charges to the salespersons broker at the brokers place of business, every real estate office in VA is required to: 4. none of the above are exempt, It is necessary to take and pass an examination in order to become licensed in Virginia. Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. License Categories [G.S. Which of the following statements must be incorrect? B. 1. get her license from tom and take it to jane 3. all claims submitted in relation to a licensees misconduct in a single transaction may not exceed 20,000 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. 2. the office can be managed by a salesperson with 3 years experience 3. be furnished to the board every 3 years Answers - 2 Option D is the correct answer for the given question I.e a licensee is obligated to disclose to a consumer the minimum commission split between the licensee and the broker Answers 7 D.license revocation and a fine Any licensee . Authorized Real Estate Schools This list is updated regularly to reflect new or expiring real estate schools. 18VAC135-20-260. 36 months, Which of the following statements is correct if a licensee is leasing his own property, without help from a broker? 4. grounds for suspension or revocation of a license, grounds for suspension or revocation of a license, the board may take disciplinary action against a: This arrangement is: Grounds for disciplinary action by the commissioner. the real estate board has authority to administer all of the following laws except: which of the following persons must be licensed when selling real property for others? 3. acceptable, if the compensation is less than $500 2. a salesperson who holds a business entity license 3. person selling industrial real estate full time 4. a salesperson that performs residential sales with one broker, but sells time share property for another, a broker that is active in more than one brokerage firm, An individual passes the real estate license examination, then sends in his license application. She asks Salesperson Boren to manage her rental home for $45 per month while she is gone. 3. yes, so long as larry is a broker 3. apply for renewal of her license An investment in a limited real estate partnership 2. 4. salesperson license, A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. 4. cash the check, but inform bob, a real estate salespersons license may be revoked if the licensee: 2. must supervise all firm advertising 3. impose a fine on any licensee 4. a broker and a salesperson, but only if there is a violation of license law, a broker and a salesperson, but only if there is a violation of license law, Which person is designated to ensure compliance with Virginia license law and be responsible for the activities of the entire firm? 2. bait and switch 2. uniform commercial code 2. pay a $200 fee and reapply for the license 2. acting for both buyer and seller with their mutual consent 2. is ready to advertise the property 1. a referral agent To qualify for a broker's license, the applicant must: Complete eight statutorily required college-level courses. .3. the ad makes false or misleading statements 4. bob has violated the board regulations, In an attempt to obtain listings, a broker authorizes her licensees to offer incentives to any person who lists property with her firm. Larry, knowing that Mark will benefit from the extension because he will not be given possession of the house he has purchased until his sale closes, signs Mark's name to an addendum extending the closing. 1. determining commission splits between all MLS brokers 20,000 3. yes, because the ad appears on another commercial site 1. trustee acting under a court order the salesperson can only do this: 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. 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? 20 Pennsylvania real estate license law? 2. the license will be automatically revoked

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