Real estate U Chapter 1 Activity

A licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, LLC or corporation is known as a___

Associate Real Estate Broker

An ad that remains anonymous as to who is advertising is known as

Blind Ad

To mingle or mix, for example, a client's funds in the broker's personal or general account is known

Commingling

Any person who engages in the business of claiming, demanding, charging, receiving, collecting, or contracting for the collection of, a fee from a customer for furnishing information concerning the location and availability of real property, including apartment housing, which may be leased, rented, shared or sublet as a private dwelling, abode, or place of residence is known as a___

Apartment Information Vendor

Payment by a broker of any part of compensation to a real estate transaction to anyone who is not licensed or who is not exempt from the license law is known as a___

Kickback

A crime punishable by up to a year in prison and/or a $1,000 fine is known as

Misdemeanor

A practitioner who has the knowledge and expertise necessary to estimate the value of an asset, or the likelihood of an event occurring, and the cost of such an occurrence is known as a___

Real Estate Appraiser

A person associated with a licensed real estate broker to list for sale, sell or offer for sale, to buy or offer to buy or to negotiate the purchase or sale or exchange of real estate, or to lease or rent or offer to lease, rent or place for rent any real estate of such real estate broker is known as a___

Real Estate Salesperson

An act, deed or conditions contrary to law or permissible use of real property is known as a___

Violation