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Real Estate Principles

Business

Quiz 18 :

Licensing Laws and Professional Affiliation

Quiz 18 :

Licensing Laws and Professional Affiliation

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Over time, states have established licensing requirements dealing with all EXCEPT
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Multiple Choice
Answer:

Answer:

D
States do not have IQ requirements.

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When moving to a new state, a licensed real estate agent in one state can presume his license status in the former state will be given credit in his new state of residence
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Multiple Choice
Answer:

Answer:

B
When moving to a new state, a licensed real estate agent in one state sometimes can presume his license status in the former state will be given credit in his new state of residence.

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The first state to legislate licensing requirements for real estate agents was
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Multiple Choice
Answer:

Answer:

C
The first state to legislate licensing requirements for real estate agents was California in 1917.

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A real estate broker differs from a real estate salesperson under the law in that the
Multiple Choice
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A real estate broker's or salesperson's license would most likely be revoked for
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A nonexempt person who sells real estate for others
Multiple Choice
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In most states, a person is exempt from licensure as a real estate agent when performing which of the following activities, even if receiving a fee?
Multiple Choice
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Real estate commissions typically do all of the following EXCEPT
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Who can sell real property WITHOUT a license?
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Which of the following is responsible for processing license applications, issuing real estate licenses, and collecting license fees?
Multiple Choice
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Since real estate agents will be handling other people's money, some states will examine licensee's
Multiple Choice
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When a broker joins a franchise organization, the financial arrangements usually include
Multiple Choice
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A typical broker-salesperson employment contract should include all of the following EXCEPT
Multiple Choice
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Real estate commissions or departments act to protect the public by regulation and education. The following would be the usual activity of these organizations EXCEPT
Multiple Choice
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The basic intent for real estate license laws and regulations was to
Multiple Choice
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A residential real estate salesperson can usually expect from his or her principal broker all of the following EXCEPT
Multiple Choice
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A state-run program where real estate license fees are used, in part, to pay uncollected judgements against licensees is a
Multiple Choice
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In which states are licensing examinations required for a real estate license?
Multiple Choice
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In the following examples, who needs a real estate license?
Multiple Choice
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Who, of the following would be required to have a real estate license?
Multiple Choice
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