RE174 Ch 4 Regulation of Licenses

There is a separate license available to operate a prepaid rental listing service - PRLS. No examination is required for a 2 year PRLS license. Licensed real estate brokers are exempt from this requirement. A Blank surety bond is required for each location that a PRLS licensee maintains.

$10,000 surety bond

What is the maximum that can be paid out of the recovery account of the Education, Research and Recovery Allocation for multiple claims against one licensee?

$250,000. Up to a max of $50,000 will be paid to the claimants because of any one transaction, regardless of the number of persons injured or the number of licensees involved, and no more than $250,000 will be paid out for multiple claims against one license.

A person who collects on more than 10 loans or collects an amount exceeding blank per year must either have a broker's license or apply to the real estate commissioner for an exemption

$40,000.00

Franchise sales are regulated by the Franchise Investment Law, which requires disclosure form the franchisor to the franchisee. The California commissioner of corporations controls sales, and franchise offerings must be registered with the commissioner before sale. Exempt from registration are franchisors with a net worth of

$5 million or more that have had a minimum of 25 franchises in operation during the 5 years before the sale.

Late charges after 10 days may not exceed 10% of the installment due, with a minimum late charge of

$5.00

The ADA may be enforced by an action by the US Attorney, or through a civil action by a private citizen. Penalties include blank in civil penalties for the first violation and blank for each subsequent violation, including compensatory damages and attorney fees.

$75,000 . $150,000 subsequent violations

There is a Manufactured Home Recovery Fund similar to the Real Estate Consumer Recovery Account, the failure to honor warranties, fraud or willful misrepresentation , a claimant can receive a maximum of blank from the fund

$75,000 from the fund

Applicants for a Broker's License must

* Be at least 18 * Have 2 years experience or the equivalent as a real estate salesperson within the prior 5 year period or a valid 4 year college degree with a major or minor in real estate * Have successfully completed 8 college level courses including real estate practice, legal aspects of real estate, real estate finance, real estate appraisal, and accounting or real estate economics - plus 3 additional courses from an approved list * Pass teh broker's exam * be fingerprinted * be honest and truthful - conviction of a felony or crime involving moral turpitude may result in denial of license * pay fee * for a california applicant, maintain an office location in California

Article 5 Provisions Include:

* Brokers cannot accept funds from prospective real property lenders unless the broker has a specific loan arranged for the funds * In servicing a real property loan, the broker cannot retain funds for more than 25 days unless there is a written agreement with the purchaser or lender, in which case the interest must be paid on the funds retained.

RE Licensees must comply with all federal and state fair housing laws. which include

* Civil Rights Act of 1866 Citizens of all races shall have the same rights as enjoyed by white citizens to inherit, purchase, lease, sell or hold real and personal property. * Civil Rights act of 1968: - Federal Fair Housing Act - this act prohibits discrimination in housing based on race, color, sex, religion, or national origin. A 1988 amendment extended its coverage to include familial status and disability. * Unruh Civil Rights Act: This act prohibits discrimination by a business on the basis of race, color , religion, ancestry, national origin, age, sex, and sexual preference * Fair Employment and Housing Act - RUmford Act - This act prohibits discrimination based on race, color, religion, sex, marital status, national origin, or ancestry. * Business and Professions Code: Provides for commissioner disciplinary action against licensees for discriminatory practices.

Besides the listing and sale of real property, licensing allows the broker to engage in a number of specialized activities, including the following:

* Mortgage broker, these brokers solicit borrowers and lenders for mortgage loans secured by real estate, and their activities are strictly regulated, under the federal Secure and Fair Enforcement Mortgage Licensing Act SAFE Act, every state must have a system for licensing mortgage originators. * Real property syndicate security dealer: A real estate broker is exempt from the licensing requirements of the corporation's code and may sell both corporate and noncorporate syndicate interests. *MOG *Escrow Agent; RE Brokers can act as escrow agents in those transactions which they represent either the buyer or seller or in which the broker is a principal to the transaction. * Mobile home sales: with specified restrictions, a real estate licensee can engage in the sale of mobile homes. * Advance Fee rental Agent: while there is a separate rental agent license, a real estate broker is exempt from the licensing requirement and may engage in a prepaid rental listing service. * Business opportunity broker: A real estate licensee can engage in the sale of business opportunities. * Franchise Sales: A real Estate Licensee is authorized to sell Franchise opportunities

Compliance with the Bulk Sales Act requires

* Recording of a notice of sale at least 12 business days before the sale is to be consummated * Publishing of a notice in a newspaper of general circulation within the judicial district in which the property is located at least 12 business days before the sale and *sending of a registered or certified letter to the county tax collector at least 12 business days before the sale

Mobile Home Sale limitations

* The mobile home must be in place, zoned properly *Real Estate licensees cannot advertise that no down payment is required when in fact secondary financing will be used to finance the down payment. * RE Licensees must withdraw all advertising of a mobile home for sale within 48 hours after receipt of notice that the mobile home is no longer available for sale, lease, or financing. * A RE Broker who is not also licensed as a mobile home dealer may not have an office where 2 or more mobile homes are offered for sale. there is a separate license for mobile home sales. * A RE Licensee is prohibited from prorating license or tilte fees unless the buyer and seller agree to the proration, or the licensee was required to pay the fees to aovid penalties for late payment. too much to list

what can victims of discrimination according to the Unruh Act obtain?

* a cease and desist order * a nondiscriminatory sale or loan terms * actual damages plus a penalty of 3 times actual damages with a minimum of $4,000 per access violation plus attorney fees

To qualify for a salesperson's license, the applicant must

* be at least 18 * take and pass the RE exam for salespeople * be fingerprinted * have an employing broker at the time the license is issued - broker affiliation is not required to sit for the exam * apply for a license within one year after passing the salesperson's exam * have completed 3 college level courses including real estate principles, real estate practice, and a 3rd course from an approved list - members of the State Bar of Calif are exempt from course requirements * be honest and truthful - conviction of a felony or crime involving moral turpitude may result in denial of license * pay applicable fee

Grounds for Disciplinary Action by RE Commissioner for

* making a substantial misrepresentation * making a false promise likely to influence, persuade, or induce *engaging in a continued and flagrant course of misrepresentation or making false promises * acting for more than one party to a transaction without the knowledge and written consent of all parties - undisclosed dual agency * Commingling with is or her own money or property the money or property of others entrusted to the agent's care. * making a secret profit * exercising an option coupled with a listing where the licensee failed to reveal the amount of profit and obtain the consent of the owner for the amount of profit *engaging in any conduct that constitutes fraud or dishonest dealing; * obtaining the agreement of a prospective purchaser that the purchaser will deal only through the agent with regard to a particular property , send out slip, without the written auth of the owner, must have written auth to sell from the business owner before having the purchaser agree to pay compensation if the purchase is completed; * much more see list innotes

Exemptions to the Federal Fair Housing Act are

* religious groups, which can discriminate in providing nonprofit housing, provided that the religion is open to all, regardless of race, sex, or national origin * private clubs, which can discriminate or give preference to members when selling or leasing housing for noncommercial purposes. * owners of single-family homes, who can discriminate when selling or renting without an agent, provided they do not own more than 3 such homes and are not in the business *owners of 1 to 4 residential units who occupy a unit, who can discriminate when renting without an agent. ***Note: Neither the Civil Rights Act of 1866 nor California Fair Housing laws include these exemptions

Such notice of sale must include

* statement that a bulk transfer is to be made * name and address of the transferor and transferee and all other business names and addresses used by the transferor within 3 yeras as far as known by the transferee * location and general description of the property to be transferred * place and date on which the bulk transfer is to be consummated * name and address of the person with whom claims may be filed and the last date for filing claims

The Dept of Fair Employment and Housing will investigate and can order the owner to

*Sell or Rent the Unit to the complaintant, or * offer to the complainanat the next available unit or * pay civil damages up to $50,000

A real estate broker is a person who, for compensation or the expectation of compensation, does one or more of the following acts for others

*Sells or offers to sell, buys or offers to buy, solicits prospective sellers or purchasers of, solicits or obtains listings of, or negotiates the purchase, sale, or exchange of real property or a business opportunity - bus & prof code 10131a *Leases or rents or offers to lease or rent, or places for rent, or solicits listings of places for rent, or solicits for prospective tenants, or negotiates the sale, purchase, or exchange of leases on real property or on a business opportunity, or collects rents from real property or improvements thereon or from business opportunities - bus & pro code section 10131b *Assists or offers to assist in filing an application for the purchase or lease of or in locating or entering upon lands owned by the state or federal government - bus & pro code *Solicits borrowers or lenders for or negotiates loans or collects payments or performs services for borrowers or lenders or note owners in connection with loans secured directly or collaterally by liens on real property or on a business opportunity - bus & pro code *Sells or offers to sell, busy or offers to buy, or exchanges or offers to exchange a real property sales contract or a promissory note secured directly or collaterally by a lien on real property or on a business opportunity and performs services for the holders thereof - bus & pro code *Collects an advance fee in connection with promoting the sale, lease, or exchange of real property or of a business opportunity or to arrange a loan thereon - bus & pro code *Issues, sells, exchanges, negotiates, or solicits sellers or purchasers of securities specified in Section 25206 of the Corporations Code - shares in real estate syndicates. These syndicate interests also maybe sold by broker/dealers licensed by the commissioner of corporations -bus & pro code *Busy and sells or offers to buy and sell, negotiate for, or solicit purchasers or sellers of mobile homes. Dealers licensed by the Dept of Housing and Community Development are also authorized to sell mobile homes - bus & pro code

A business opportunity broker sells or leases an existing business enterprise, including its goodwill. While real estate might be included with a business opportunity sale, generally all that is sold is personal property. Some items for consideration are

*Transfer-ability of leases * obtaining of necessary licenses and permits * compliance with the Bulk Sales Act * Compliance with the fictitious name requirements * Obtaining a clearance receipt from the board of equalization certifying that prior sales tax has been paid so that the purchaser of a business is not liable for unpaid sales taxes - under successor liability the purchaser of a business is liable for sales taxes collected but not remitted to the state by the prior owner of the business. * Complete agreement as to terms consistent with such a sale, such as covenant not to compete and * Obtaining agreement on apportionment of the sales price for tax pruposes

List a real estate licensee's ability to sell mobile homes

*a real estate licensee can list and sell mobile homes *a RE Broker who is not also a licensed as a mobile home dealer may not have an office where 2 or more mobile homes are offered for sale. * A licensee may not represent that the mobile home can be transported over California highways unless it meets all physical requirements for such transport

Exceptions to the limitations set forth are mobile homes attached to a permanent foundation so they have become real property. the 4 prerequisites for a mobile home to become real property are

1) obtaining a building permit 2) placing the mobile home on a permanent foundation 3) obtaining a certificate of occupancy and 4) recording a document reflecting that the mobile home has been affixed to a foundation

Three groups of people are authorized to sell franchises

1. The person identified in the application for offering, the franchisor or agent 2. A person licensed by the Bureau of Real Estate as a broker or salesperson 3. A person licensed by the commissioner of corporations as a broker/dealer

The DDRE can issue a temp license for a period of blank days during which period the licensee must comply with required child support payments.

150 days as long as paying child support pmts

Late Renewals

2 year grace period. can't act as a RE agent while the license is expired

Up to blank percent of the loan always can be prepaid in any 12 month year without penalty.

20%

If the licensee fails to provide a list of at least blank rental properties to the prospective tenant with in blank days, the advance fee must be refunded in full.

3 rental properties, within 5 days

Article 7 requires a real estate broker who makes or arranges a mortgage loan to present a 'Mortgage Loan Disclosure Statement' to the borrower within blank days of receipt of a completed loan application.

3 three

If a broker charges more than the max allowable fees or costs, the borrower may recover blank the excess fees or costs charged.

3 times, 3Xs the excess fess or costs charged

When loans are made without consideration of borrowers ability to pay, predatory lending, prepayment penalties are limited to the first

36 months, or first three years

The broker may not enter into an exclusive agreement with a prospective borrower to procure a loan that ties up the borrower for more than blank days.

45 days

Salesperson & Broker 2nd and Subsequent renewals

45 hrs DRE CE: * 1 8r survey course covering the 6 mandatory subjects, ethics, agency, fair housing, trust fund handling, risk mgt and mgt and supervision, or the licensee can choose to take each of the mandatory subjects separately; and 1) One 8 hr survey course covering the 6 mandatory subjects 2) A minimum of 18 clock hours of consumer protection 3) Either consumer service or consumer protection courses to fill out the remaining clock hours

Prepayment penalties may not exceed blank months interest

6

Balloon payments (payments greater than twice the amount of the smallest payment) may not be imposed on a loan secured by an owner-occupied dwelling if the loan is for blank years or less

6 years or less

For loans not made through loan brokers, the late charge generally is limited to

6%,

Mortgage broker loans on owner-occupied single-family dwellings may be prepaid at any time, but prepayments within blank years may be subject to prepayment penalties. (For residential loans made by other than loan brokers, prepayment penalties may not be imposed after 5 years, but if owner occupied, 3 year limit).

7 years, prepayments made within 7 years with a mortgage broker loan are subject to prepayment penalties. Other than a loan broker, no prepayment penalty after 5 years, but if owner occupied, 3 years.

NonResident Licensees

A new license will be issued to a nonresident of California only if Calif residents can obtain licenses in the applicant's state. Nonresidents holding Calif RE licenses must agree that they can be sued in Calif courts. Legal service to institute a lawsuit may be made on the SoS if by using reasonable diligence; process cannot be personally served on the licensee in California.

Before revoking, suspending, or denying any real estate license, the commissioner must hold a hearing in accordance with the

Administrative Procedure Act

Unruh Civil Rights Act

All persons within the jurisdiction of this state are free and equal, and no matter what their race, color, religion, ancestry, or national origin, are entitled to the full and equal accommodations, advantages, facilities, or services in all business establishments of every kind whatsoever. gender, disability, medical condition, marital status, and sexual orientation added 2006, 2016 citizenship primary language or immigration status were added. enforced by civil action for damages

Broker Renewal

Broker renewal requires 45 hrs of CE as follows: * 6 separate 3 hr courses in the following subjects: ethics, agency, trust fund handling, fair housing, risk mgt, mgt and supervision * Minimum of 18 hrs of consumer protection courses * Courses related to either consumer service or consumer protection to fill out the remaining clock hours

Real Estate Commissioner

Chief executive of the CalBRE - actually DRE Appointed by the governor Controls the issuance, suspension and revocation of real estate licenses affords maximum protection for principal's and agents

When licensing is NOT required

Exempt from real estate licensure: * Those dealing in their own property as principals, except those buying, selling, or exchanging eight or more notes per year secured by deeds of trust or sales contracts; * Officers dealing for a corporation in corporation property for which they receive no special compensation; * Those dealing under an executed power of attorney; * attorneys-at-law rendering services while acting as such *those operating under court order - receivers, trustees in bk, executors of estates, etc * trustees selling under a power of sale in a trust deed; * banks, trust companies, savings associations, industrial loan companies, pension trusts, credit unions, insurance companies, or their employees; * auctioneers who merely 'cry' an auction need not be licensed, but soliciting buyers and sellers for a real estate auction or presenting docs to be signed after the auction requires a license; * Lenders making loans insured by an agency of the federal government or for which such a commitment has been made; * Nonprofit agricultural cooperatives engaged in lending and marketing; * People licensed as personal property brokers, consumer finance lenders, or commercial finance lenders, while acting in that capacity; * cemetery authorities and their agents; * Those who make real estate loan collections for the owners, provided they collect $40,000 or less form 10 or fewer loans in one year or they are corporations licensed as escrows; * unlicensed assistants who do not show property, solicit business, or negotiate or encourage a purchase or utilization of a broker; * stenographers, bookkeepers, receptionists, and other clerical help carrying out normal clerical duties. * residential managers of apartment complexes - bus prof code has expanded the resident mgr exception to include employees of a prop mgt firm retained to manage a residential apartment building - potentially including non resident employees - working under the supervision of a licensed broker or salesperson, Also exempt are people renting transient accommodations. * Condominium association managers who do not rent or sell units; * homeowners' association mgrs * Finders who receive a fee for introducing the parties

A RE License is NOT required to engage in the business of selling or leasing an existing business enterprise.

FALSE, a real estate license is required to engage in the business of selling or leasing an existing business enterprise

Complaints under the RUMFORD Act are brought within 60 days of the discriminatory action to the Department of Fair Employment and blank

Housing

First Time License Renewals

Licensees renewing for the first time must complete 45 hours of CE as follows: * 5 separate 3 hr courses in the following subjects: ethics, agency, trust fund handling, fair housing, and risk management * Minimum of 18 clock hours of consumer protection courses * Courses related to either consumer service or consumer protection to fill out the remaining clock hours

A registry of mortgage originators is maintained by the Nationwide blank Licensing System and Registry - NMLS.

Mortgage

License ID

RE Licensees must lace their ID number on their first point of contact marketing material, cards , websites, flyers, as well as home purchase agreements.

Loan Broker costs for a regulated loan - first loans of less than $30,000 and second loans of less than $20,000 - cannot exceed actual costs and expenses, and are limited to 5% of the loan or $390, whichever is greater, but in no event more than $700. T or F

T, Min $390 5% Loan Max $700

The Unruh Civil Rights Act was extended to cover age discrimination, blindness, and other physical disabilities, as well as sexual orientation and marital status. True or False

TRue even blindness

Which department enforces fair housing laws

The Department of Housing and Urban Development HUD enforces fair housing laws

Mortgage broker commissions for negotiating a regulated loan is limited, for FIRST trust deeds up to 3 years max commission is 5% of the amount borrowed; and for 3+ years 10%. True or False

True , for first trust deeds up to 3 years the max commission for a mortgage broker is 5% of the amount borrowed. and for 3+ years it is 10%.

Loan broker commission for negotiating a SECOND Trust deed up to 2 years, the maximum commission is 5%; for 2+ but <3 it is 10%, and for 3 years or more it is 15%. True or False

True a 2nd trust deed up to 2 years max commission is 5%, for 2+ but <3 it's 10%, and for 3 years or more it is 15%

The Division of Corporations has interpreted this exemption to be personal to the broker. The broker cannot set up an association with other brokers to conduct escrows or contract out the escrow services. True or False

True broker cannot set up an association with other brokers to conduct escrows or contract escrow services out

12% of all license fees go into a consumer Recovery account for victims of wrongful acts by licensees as restitution to wronged public, 8% to Education and Research account

True, 20% of license fees are divided into special funds. Up to $50,000 paid to claimants due to one transaction, regardless of how many involved or how many licensees. No more than $250,00 will be paid out for multiple claims against one licensee.

Licensed real estate brokers are exempt from the requirement to obtain PRLS license

True, RE Brokers must obtain a PRLS license

Real estate licensees must now have a separate license in California to conduct mortgage loan origination activities in compliance with the SAFE Act

True, RE licensees must have separate license to conduct MLOs

RE7 is the Mortgage Loan Broker Compliance Evaluation Manual and includes the RE7A Mortgage Loan Broker Compliance checklist. T or F

True, RE7 is the mortgage Loan broker compliance evaluation manual

Criminal Liability - the grounds for disciplinary action also are considered a misdemeanor subject to criminal prosecution. True or False

True, grounds for disciplinary action also are considered a misdemeanor subject to criminal prosecution

To revoke or suspend a license, the DRE must show 'convincing proof to a reasonable certainty,'

True, must show convincing proof to a reasonable certainty

Article 5 of RE Law governs transactions in trust deeds and real property sales contracts. T or F

True, the provisions of Article 5 do not apply to one to four residential unit sales involving seller carry-back financing. The provisions of Article 5 also do not apply when the broker has a direct or an indirect monetary interest as a party to the transaction.

The borrower's signature on Mortgage Loan Disclosure Statement must be obtained before the time that the borrower becomes obligated to make the loan. Yes or No

Yes, borrower's signature before obligation to loan

Corporation licenses

a RE corp. must have one real estate broker who has a corporation officer license. the broker also can have a separate individual license. A salesperson can be an officer and a stockholder of a corporation. The salesperson can be an officer and a stockholder of a corporation. The salesperson can be a majority stockholder only if the responsible corporate broker is also an officer and director of the corp.

The document that initiates disciplinary action against a licensee is the

accusation

A real estate broker may act as escrow as long as the broker is

also a principal in the transaction in which the broker is also a principal

What are examples of costs for a regulated loan

appraisal fees, escrow charges, title insurance, notary fees, and credit report charges

If performed for compensation, what act requires a real estate license?

assisting others to lease commercial office space. A real estate broker is a person who, for compensation, leases or rents or offers to lease or rent, or places for rent, or solicits listings of places for rent, or solicits prospective tenants, or negotiates the sale, price or exchange of leases on real property.

70/30 Rule

at least 70yo licensed 30yrs exempt CE reqts for license renewal

Persuading homeowners to sell by representing values will decline because of the entrance of minorities to the area is known as

blockbusting

While owners normally can sell their own property without a license, an owner who engages in 8 or more trust deed transactions within one year must have a

broker's license. The license requirements apply to the sale, exchange, and servicing of existing loans, as well as to arranging new loans

Usury laws do not apply to loans made or arranged by loan blank

brokers

The Unruh Civil Rights Act prohibits discrimination in all blank blank whatsoever

business establishments

The regulation of escrows is covered in Division 6 of the California Financial Code and requires that escrow agents be licensed by the blank of blank

commissioner of corporations. real estate brokers are exempt if act is incidental as an agent or principal in real estate transactions

The DRE can withhold issuance or renewal of a RE license of a party who has been placed on a certified list of persons who are

delinquent on child support payments

Statute of Limitations

disciplinary action must be brought within 3 years of wrongful act except in the case of fraud where it is 3 years after the act or one year after discovery, but in no event later than 10 years from the wrongful act.

Loans made by loan brokers must have substantially blank payments

equal

Federal Secure and Fair Enforcement For Mortgage Licensing Act of 2008 - SAFE Act - protects borrowers in mortgage loan transactions and reduces blank

fraud

What is the penalty for acting as a mortgage loan originator without an MLO license endorsement?

guilty of a crime punishable by 6 months in prison plus a $20,000 fine, as well as being grounds for denial or revocation of a real estate license.

The sale of the seller's business or a substantial part of the materials, supplies. merchandise , or other inventory would be a bulk Sale. The Bulk Sales Act is intended to give notice to the creditors of the seller so that they can protect their blank

interests

California real estate licensees may engage in business as mortgage loan originators only if they obtain a real estate blank blank

license endorsement - issued by the DRE identifying themselves as a licensed mortgage loan originator.

Advertising a specific yield greater than the rate stated without the actual interest rate and purchase discount, is considered

misleading advertising, unless ad includes the actual interest rates and purchase discount

Licensees must provide a prospective tenant with a DRE approved written contract that describes the services to be provided and the prospective tenants blank

needs

Partnership License

no specific partnership license, but a broker can be a partner with a salesperson in a real estate brokerage business. however, every partner through whom the partnership acts must be a licensed real estate broker. a broker may be a partner with a non-licensee in business activities where real estate licenses are not required.

California real estate licensees may engage in business as mortgage loan blank only if they obtain a real estate license endorsement identifying themselves as a licensed mortgage loan originator.

originators

Balloon payments - payments greater than twice the amount of the smallest payment, may not be imposed on a loan secured by an blank dwelling if the loan is for blank years or less.

owner-occupied, 6 years or less

Fair housing act's term disability as

physical handicap mental impairment AIDS are protected by the fair housing laws under this classificaiton

Table funding is prohibited for residential loans in California. Under table funding, the broker is named as the lender, but at settlement, the loan is transferred to another lender who advanced the funds for the closing. Table funding was used to hide from the borrower the true cost of the loan in that the loan broker received an undisclosed premium in the loan transfer. The loan broker in table funding is acting as a blank and not in a broker capacity.

principal

California Fair Employment and Housing Act - RUMFORD Act

prohibits discrimination because of race, color, religion, sex, marital status, national origin, or ancestry in supplying housing accommodations. expanded to include all housing, including single -family residences.

The primary responsibility of the real estate commissioner is to

protect the public

Brokers who arrange loans must provide the blank with a Lender/Purchaser Disclosure Statement, providing information regarding the loan, and a statement of the property's fair market value, as determined by an appraisal, as well as a copy of the appraisal.

purchaser

Late charges may not be

pyramided

The purpose of SAFE is to

reduce fraud

What is the only exception to RUMFORD ACt

renting to a roomer or boarder in a single-family house with no more than one roomer or boarder.

The Rumford Act applies to all of the following EXCEPT

renting to a roomer or boarder within one's own home. The Rumford Act has been expanded to include all housing, including single-family residences.

Mortgage licensing requires specified prelicensing education and a national and blank examination

state

Regarding appraiser licensing, An examination is required for blank licensing

state, Title XI Real Estate Appraisal Reform Amendment of the federal Financial Institutions Reform, Recovery , and Enforcement Act - FIRREA of 1989, requires that appraisers be licensed or certified by the state for real estate transactions involving federal financial and public policy interests. an examination is require without exception.

The licensee must refund within 10 days of request any mount more than $50 in charges if the prospective tenant does not obtain a rental through the licensee and demands a return within blank days of expiration of the contract.

ten days before expiry of contract, if $110 was given , $50 is given back - any amount over $50

The equal housing opportunity poster must be posted in

the broker's place of business

Familial status refers to

those under 18 living with a parent or guardian, those in the process of settling legal custody issues, persons in the adoption process, and any pregnant person.

The case of loneberg v. sanborn theatres, inc involved

wheelchair accessibility