Real Estate License Exam
Which event may cause the FREC to refuse to certify an individual as qualified for licensure? a. dropped out of high school and later earned a GED b. was convicted of fraud in an insurance scam c. changed residency to a state other than Florida d. lost a lot of one's own money in a bad investment
B.
A broker moves his real estate office to a new, trendy location. He is so busy coordinating the move that he forgets to notify the DBPR. The broker's license.... a. will cease to be in force b. is null and void c. is automatically suspended d. is cancelled
a
An involuntary inactive license will automatically become void without further action by the FREC or the DBPR after a. 2 years b. 4 years c. 5 years d. 10 years
a
How many members of FREC may hold a current active sales associate license? a. 1 b. 2 c. 4 d. 5
a
If an active licensee fails to renew her third two year license before the expiration date on the license, the license will a. revert automatically to involuntary inactive status at the end of the license period b. be suspended automatically c. be canceled, and the licensee will have to retake both the course and the licensing exams d. be cancelled, and the license will have to retake the licensing exam only
a
If the license issued to the only active broker of a real estate corporation becomes void for any reason, another broker must be appointed within 14 calendar days. Failure to appoint another active or temporary broker will result in what action against the corporation's registration? a. automatic cancellation b. denial c. automatic suspension d. revocation
a
Two brokers from different brokerages agree to work with one another to market a prestigious marina in Naples, Florida. One broker is particularly knowledgeable regarding marinas and the other is an expert on the Naples real estate market, so they decide to combine their expertise on this particular listing. This business arrangement is called a. an ostensible partnership b. a general partnership c. a joint venture d. a limited partnership
a
A License applicant has held a real estate license in good standing in another state since 2005. The applicant is licensed in a state that has a mutual recognition agreement with Florida. 5 months ago, the license applicant moved to Orlando. Is this licensee eligible to apply for a Fl real estate license under mutual recognition? a.No, the applicant is now considered a Florida resident b. No, Fl does not have reciprocity with other states c. Yes, the applicant may apply for a Fl license under mutual recognition d. Yes, the applicant may exchange the out-of-state license for a Fl license
a.
A person is eligible to seek recovery from the Real Estate Recovery Fund if that a. person received a final judgement against a licensee in a legal action and the case was based on a real estate brokerage transaction (assuming no specific exceptions apply) b. person is a licensed broker who acted as the agent in the transaction that is the subject of the claim c. person's claim is based on a real estate transaction in which the broker did not hold a valid, current, and active license at the time of the transaction d. person's claim is based on a licensee who was the seller of the property
a.
A sales associate is employed by a broker. The broker's license is suspended. This causes the sales associate's license to be a. placed in involuntary inactive status b. suspended c. revoked d. unaffected
a.
A sales associate sells real estate for a real estate brokerage company. He also works as a sales associate for another real estate brokerage company. a. The sales associate is in violation of FS 475 b. The sales associate may work for both companies as long as he registers both employers with FREC c. This is legal as long as he only works part time for each company d. The sales associate must be a broker associate for this to be legal
a.
A woman received her Florida sales associate's license last year. Which requirement must she complete to become a licensed broker? a. successfully complete the 45-hr post-licensing course b. complete 14 hrs of continuing education for sales associates c. document at least 3 closed real estate transactions d. complete at least 3 yrs experience as a sales associate before taking the broker license exam
a.
An owner-developer owns several properties with different names, but all are business entities closely connected and controlled by the owner-developer . A sales associate working for that owner-developer may legally obtain.... a. a group license b. multiple licenses c. either a group or multiple licenses, not both d. neither a group nor multiple licenses
a.
Appraisers are paid a fee because a. to accept compensation based on the appraised value is a conflict of interest b. custom dictates the method of compensation c. the fee would be too high if it were based on a percentage of property value d. only brokers and sales associates are paid commissions on their services
a.
Designated sales associates are best described as A. single agents for the buyer and the seller in nonresidential transactions where the buyer and the seller meet certain asset thresholds. b. the sales associates designated to represent the buyer and the seller in a transaction broker relationship c. undisclosed dual agents d. the sales associates in charge of the required brokerage disclosure forms for the brokerage office
a.
Even though certain exceptions apply, an active real estate licensee is legally entitled to appraise real property for compensation concerning a nonfederally related transaction a. as long as she does not represent herself as a state-certified or licensed appraiser and complies with the USPAP b. only if the appraisal is called a comparative market analysis c. provided the compensation is based on a commission agreed on before the appraisal work is done d. provided a licensed or certified appraiser signs the report
a.
FBI files reveal that 6 months ago a man worked as a real estate broker in Georgia where he was charged with arson related to a large insurance claim. To avoid a long court fight without pleading guilty, the man agreed to revocation of his real estate license and entered a plea of nolo contendere. The FREC has just received the man's app for licensure as a sales associate disclosing the previously stated information. The app shows that all academic requirements have been met. The FREC will a. use its discretion to determine the applicant's qualification for licensure based on the facts in the criminal background check and an interview with the applicant b. approve the application bc the applicant was not convicted of a crime c. deny the app bc the applicant agreed to revocation of the Georgia license d. refer the case to the Fl Dept of Justice bc of the serious nature of the offense
a.
If a broker's license is suspended, the licenses of all sales associates working for that broker are a. placed in involuntary inactive status b. denied c. suspended d. revoked
a.
Real estate licensees must comply with the USPAP when conducting which value estimates? a. appraisals b. broker price opinions c. comparative market analysis d. real estate licensees are exempt from the provisions of USPAP
a.
The DBPR is authorized to investigate a written complaint filed against a licensee a. if the alleged complaint is legally sufficient b. only if the claimant has been harmed by the actions of the licensee c. only if the alleged violation was committed in Florida d. only if all these conditions have been met
a.
The term dedication as it applies to development and construction refers to a. a gift of land by the owner to the local government for a public use b. the builder's careful attention to construction details c. recording a subdivision plat map in the public records d. preparing raw land for site improvements
a.
Which offense is a misdemeanor of the first degree? a. failure to provide current and active rental info for a fee b. publishing false or misleading information to induce a buyer to purchase real property c. failing to timely deposit earnest money into the escrow account d. failure to timely notify FREC of conflicting demands
a.
Which statement best describes the duty of loyalty in a single agent relationship? a. the broker must act in the best interest of the principal b. the broker must disclose all latent defects to prospective buyers c. the broker is held to a standard of care that requires knowledge concerning the land and physical characteristics of the property d. the broker must be able to account for all funds received on behalf of the principal
a.
Which statement is FALSE concerning the payment of an earned fee or kickback? a. a real estate licensee may be paid a fee for referring buyers to a title company, provided the buyer is informed in advance of the facts concerning the fee b. a real estate license may share part of the commission with the buyer or the seller in a real estate transaction c. a real estate licensee must also be licensed as a mortgage loan originator to be legally paid a fee for referring buyers to a mortgage lender d. the payment of a kickback must not violate RESPA
a.
A broker charges a prospective seller $50 for a comparative market analysis (CMA). Which statement applies? a. Brokers are not permitted to charge for CMAs b. This is permissible, provided the broker does not represent the CMA as an appraisal c. The broker must be a state-certified or licensed appraiser to do this d. The CMA must be signed by a state-certified or licensed appraiser
b.
A broker has listed a seller's property. The seller has disclosed to the broker that the ceramic tile is loose in the dining room because the cement did not adhere to the tile. The loose tile is not readily visible because it is covered with an area rug to protect the seller's toddler. The broker has satisfied his legal obligation if he tells the buyer... a. that the floor appears to be in good condition b. that the ceramic tiles in the living room are loose c. that the buyer can order an inspection a his own expense if he is concerned about the floor d. nothing unless he is asked specifically about the tile floor's condition
b.
A broker's obligations to consumers with whom the brokerage firm has no brokerage relationship include the duty of a. full disclosure b. accounting of all funds c. loyalty d. limited confidentiality
b.
A buyer gives the broker a $47,500 earnest money deposit. The broker defrauds the buyer of the $47,500. The buyer sues the broker and is awarded a judgement in te amount of $62,500 for the original $47,500 deposit plus $15,000 for punitive damages. Because the buyer was unable to collect the judgement from the broker, the buyer requests relief from the Florida Real Estate Recovery Fund. How much can the buyer receive from the recovery fund? a. $15,000 b. $47,500 c. $50,000 d. $62,500
b.
A licensed sales associate may operate a. for any registered broker b. for the broker registered as the sales associate's employer c. independently if registered with the DBPR d. as a broker associate
b.
A man has a North Carolina broker's license, but he is not licensed in Florida. He sells a parcel of land he owns in Florida. Assuming all else is proper, this is a legal transaction because a. mutual recognition agreements allow this b. Fl law exempts from licensure individual owners selling their own real property c. Fl has honored his non residential broker's license d. he has the knowledge and qualifications necessary to handle the transaction
b.
A real estate broker who works in a limited capacity for both the buyer and the seller in the same transaction is a. a dual agent b. a transaction broker c. bound to fiduciary duties to both the buyer and seller d. a single agent of both buyer and seller
b.
A real estate brokerage has one active broker who resigns unexpectedly due to a cancer diagnosis. Which statement regarding the vacancy of the only active broker is FALSE? a. The vacancy must be filled within 14 calendar days b. A temporary broker may be registered with the DBPR for up to 90 days without the need to comply with the Secretary of State registration requirements c. New brokerage business may not be performed by a sales associate registered with the brokerage until a new active or temporary broker is registered with the DBPR d. failure to appoint another active or temporary broker within the required deadline will cause the automatic cancellation of the brokerage entity's registration
b.
A sales associate applicant is NOT required to disclose which info on the license application? a. convicted of a crime b. proof of US citizenship c. Maiden name d. a finding of guilt in conduct that would have resulted in disciplinary action if the applicant had been licensed to practice real estate
b.
If the post-licensing requirement is not fulfilled before the first renewal and a sales associate licensee wishes to continue in the real estate business, the licensee a. must retake the state exam within one year b. must requalify for licensure c. is allowed a 6 month grace period to meet the requirement but must hold an inactive license during that period d. must retake the prelicense course within one year
b.
In the common public relationship that exists in a typical real estate transaction, buyers and sellers are said to be dealing a. in a fiduciary capacity b. at arm's length with each other c. in an agency status with each other d. under the doctrine of ethical confidentiality
b.
One difference between a general partnership and a limited partnership is that a. only a general partnership may be registered as a real estate broker b. limited partners must make a cash or property investment c. while both have general partners, there must be two or more general partners in a limited partnership d. limited partners must be licensed as either active or inactive sales associates
b.
One of the grounds for the suspension or revocation of a licensee's license is the unauthorized use or retention of money or property, otherwise called a. concealment b. conversion c. culpable negligence d. commingling
b.
Real estate sales associates who receive checks payable to them as deposits on the purchase of real property must a. endorse the checks, deposit them in their employers' accounts, and maintain good records b. endorse the checks and immediately turn them over to their employers c. deposit the checks immediately in their own accounts and notify their employer of the transactions d. deposit the checks immediately and give their employers the equivalent amounts in the form of checks or cash
b.
The DBPR is required by law to waive which fee(s) for qualified low-income license applicants? a. application fee b. initial license fee c. unlicensed activity fee d. exam fee
b.
The brokerage relationship disclosure requirements in Ch. 475 FS apply to the... a. sale of a 20-unit apartment complex b. sale of a condominium unit c. residential lease agreement in a duplex d. sale of a bookstore business and real property
b.
The five major sales specialties do not include a. agricultural b. special use c. commercial d. businesses
b.
The real estate activity that is devoted to leasing, managing, marketing, and overall maintenance of property for others is called a. commercial sales b. property management c. counseling d. rental agents
b.
The sales commission rates applicable to the various types of property sold in Florida are determined by a. FREC rules and regulations b. agreement between each broker and buyer or seller c. the local board of REALTORS d. agreement between each seller and buyer
b.
The term of office for each Commission member is a. 2 years b. 4 years c. 5 years d. 7 years
b.
Which relationship is a general agency relationship? a. brokerage company employed under a listing contract b. relationship between the employing broker and a broke associate c. sales associate working with a prospective buyer d. relationship between sales associate and seller who has listed the property with the brokerage
b.
Which statement is true regarding multiple licenses? a. A broker associate may hold multiple licenses b. A broker who qualifies as the broker for more than one brokerage company holds multiple licenses c. Sales associates may be registered under more than one brokerage company provided the companies are owned by the same broker d. unlicensed owner-developers are issued multiple licenses if they own more than one real estate development
b.
Which statement is true regarding the use of the term REALTOR? a. all real estate licensees are REALTORS b. All REALTORS are members of the NAR c. The terms real estate licensee and REALTOR are interchangeable d. The Florida DBPR authorizes the use of the term REALTOR
b.
Which statement regarding the DBPR is true? a. The DBPR secretary is appointed by the Commission b. The DBPR is under the executive branch of the state gov c. the main DBPR office is in Orlando d. The DBPR does not have legal authority to issue citations
b.
Who prepares and submits a recommended order of findings and conclusions in a complaint case? a. court of law b. administrative law judge c. probable-cause panel d. the DBPR
b.
A sales associate receives a binder deposit from a buyer on Monday. By the end of business on what day of the week must the broker deposit the funds into the escrow account? a. Tuesday b. Wednesday c. Thursday d. Friday
c
A broker recieves conflicting demands concerning a roof inspection report. Both the buyer and the seller claim the earnest money deposit. The broker must a. provide written notification to FREC within 10 business days b. follow the written instructions of the broker's buyer or seller c. institute one of the statutory settlement procedures within 30 business days from the time the broker received conflicting demands d. request an escrow disbursement order from the DBPR
c.
A licensed real estate broker and an attorney who specializes in contract law form a joint venture for the purpose of location and selling to investors raw land that is suitable for commercial development. Which statement s TRUE regarding this arrangement? a. the attorney is exempt from the requirement to hold a broker's license because she's an attorney b. they have formed an illegal ostensible partnership c. because they are performing real estate services for compensation, both must be licensed brokers d. A joint venture is not required to register with the DBPR, therefore, ther is no need for both parties to hold real estate licenses
c.
A licensee of ABC Realty must give the no brokerage relationship notice to... a. a buyer who has a single agent relationship with XYZ Realty b. every prospective buyer and seller in all cases c. a for-sale-by-owner (FSBO) seller before showing the FSBO home to a buyer customer of ABC Realty d. every prospective buyer who walks through an open house listed by ABC Realty
c.
A real estate broker (and the broker's associates) are obligated to which duty in all three brokerage relationships? a. loyalty b. full disclosure c. deal honestly and fairly d. perform additional duties that are mutually agreed to
c.
A sales associate applicant is NOT required to comply with which requirement? a. submit an application fee b. be 18 years of age or older c. be a bona fide Florida resident d. Possess a social security number
c.
A woman purchased a rental list one week ago from a real estate broker. She inspected an apartment described in the list. The apartment manager told her that cats were not allowed. She had specifically looked at the apartment because the rental list indicated that pets were allowed. Immediately, the woman orally demanded and should legally receive from the broker a. nothing because the demand is not in writing b. 75% of the fee paid c. 100% of the fee paid d. nothing because the broker may not be held accountable for te actions of the property manager
c.
Any order issued by the DBPR secretary or a legally appointed designee that results from circumstances that pose an immediate danger to the public health safety, or welfare is called a a. petition for review b. stay of enforcement c. summary or emergency suspension d. license revocation
c.
Effective advertising involving developing a database of prospects to direct a specific message is called a. institutional advertising b. computer efficiency c. target marketing d. merchandizing
c.
John Anderson is a licensed real estate sales associate. Under which name may he register and be licensed? a. Complete Real Estate Sales Services b. John Anderson Brokerage c. John Anderson, LLC d. John Anderson and PArtners
c.
Selecting a limited geographical area in which a real estate professional develops special expertise is a. dedicating land b. subdividing c. farming d. follow-up
c.
Services of real estate do NOT include a. advertising rental property lists b. appraising real property c. selling cemetery lots for compensation d. conducting an auction of real property
c.
The Commission is NOT empowered to a. make determination of violations b. impose administrative fines c. levy fines and imprisonment as penalties for certain crimes d. adopt an official seal that serves as prima facie evidence
c.
The field of property management has experienced growth and specialization primarily because of a. the deregulation of the real estate industry b. the increase in the number of licensees specializing in property management c. the increase in the number of absentee owners d. higher construction costs that have caused an increase in the number of rentals
c.
The following statements are true with respect to the members of the FREC EXCEPT that they a. are a mix of real estate practitioners and consumer members b. are accountable to the governor for proper performance c. are DBPR employees d. depend on the DRE fir their administrative assistance
c.
The members of the Commission receive a. no compensation for their services b. only a per diem fee when on official business c. $50 per day when on official business, plus out of pocket travel expenses d. an annual salary equal to a state legislator's salary
c.
What information appears on the face of a real estate license? a. governor's signature b. secretary of the DBPR's signature c. license number d. licensee's email address
c.
What type of license is required to sell or lease business opportunities for another person? a. business broker license b. business opportunity broker license c. real estate license d. none required
c.
Which action would cause a license to be revoked without prejudice? a. a licensee accepted an earnest money deposit on a property that he knew was encumbered by an undisclosed lien b. the broker obtained his license by means of fraud, misrepresentation, or concealment c. a sales associate received her license as a result of an administrative error by the Division of Real Estate d. for the referral of real estate business, a licensee shared a commission with a person (not party to the transaction) who did not have a real estate license
c.
Which business entity may be registered as a real estate broker? a. corporation sole b. cooperative association c. limited partnership d. business trust
c.
Which power is NOT granted to the DBPR under FS 455? a. issue citations b. investigate consumer complaints c. appoint FREC members d. issue subpoenas
c.
Which statement does NOT describe the intent of the Fl legislature concerning regulation of professional and licensed occupations to protect the public? a. when the potential for harm to the public is clear b. when other ordinances and laws are not sufficient to protect the public c. whenever deemed appropriate by the legislature d. when less-constraining measure of regulation are not available or apparent
c.
Which type of construction involves building to a buyer's specifications? a. tract homes b. spec homes c. custom homes d. model homes
c.
a dispute arises between the buyer and the seller as to which one is entitled to escrowed property. Te broker should first a. mediate the matter b. arbitrate the matter with the consent of both parties c. notify FREC in writing, unless exempted from the notice requirements d. submit the matter to a court of law for adjudication
c.
which statement is false regarding escrow accounts? a. the escrow account may be either interest-bearing or non-interest-bearing b. a broker may choose to have an attorney or a Florida title company maintain the escrow account c. it is illegal for the broker to keep any earned interest even if the buyer and the seller give written permissions d. a broker must get written authorization from the buyer and the seller before placing escrow funds in an interest-bearing escrow account
c.
The decision as to whether probable cause exists is made by a majority vote of the a. Commission b. Commission or Department, as appropriate c. administrative law judges d. probable cause panel
d
Who may NOT reactivate a license to active status? a. a voluntary inactive sales associate b. a licensed corporate director of a real estate company c. an involuntary inactive broker d. A sales associate who did not complete post-licensing education before the expiration of the initial license
d
A broker decides to relocate her brokerage office. She notifies the DBPR of the change is address. She also informs the DBPR of the names of the two sales associates who are no longer associated with her brokerage. The sales associates' licenses will be a. suspended until they find new employment b. cancelled c. null and void d. placed on involuntary inactive status
d.
A broker is preparing to open Sunnyside Realty as a sole proprietorship and is placing an order to have an entrance sign made. Which wording does NOT need to be included on the sign? a. Sunnyside Realty b. The broker's legal name c. licensed real estate broker d. 1000 Sunset Blvd.
d.
A developer purchased a tract of land and subdivided the property into individual lots. The developer hired his son, who was not licensed to sell the lots. The father agreed to pay his son a salary of $200/week. After 2 weeks, the son had sold only 2 lots, so the father decided to add an incentive. The father promised his son that after every fifth lot was sold, he would give his son a lot free and clear. After 1 more week, the son had only sold one more lot. The son quit his job to go work for another developer who paid a higher weekly salary. Which statement applies to this arrangement? a. there is no violation of FS 475 b. the son alone has violated FS 475 c. only the father has violated FS 475 d. both the father and the son have violate FS 475
d.
A salaried individual manages a condominium building and rents units for three-month to six month periods. The manager...... a. must be licensed under FS 475 because leasing is one of the real estate services b. must be licensed under FS 475 because she rents condo units for compensation c. must be licensed by the Division of Condominiums and Time Share Sales d. is exempt from licensure under FS 475
d.
A sales associate applicant who has submitted a correctly completed application for the state license exam and who successfully passes the state exam may legally begin to operate as a licensee when the a. application and proper fees are received by the state b. applicant receives a return receipt acknowledging acceptance of the application c. applicant receives the canceled check as evidence of payment followed by an assigned date for the state exam d. applicant is notified of passing passed the state exam, has filed the appropriate form to become registered as active with the DBPR, and the DBPR website indicated the applicant's license status is active
d.
A sales associate employs an unlicensed personal assistant to help with real estate property management. The unlicensed assistant may NOT a. collect rent payments from tenants b. deposit rent payments in the bank c. place For Rent signs on properties d. show a rental property to a potential tenant
d.
A seller lists her home for $216,900. The seller tells the sales associate that she needs to get at least $212,000 for the home. After Sunday's open house, the sales associate receives two offers on the home. The first offer was for $216,900 and is contingent on the seller's financing a portion of the down payment. The second offer is for $212,000, with the buyer to secure her own financing. The sales associate should... a. seek his broker's advice regarding which offer to present b. present the full-price offer to the seller c. present the second offer to the seller d. present both offers, explaining the details of each
d.
A transaction broker has all the duties listed following EXCEPT a. limited confidentiality b. to use skill, care, and diligence c. to disclose all known facts that materially affect the value of the residential real property an dare not readily observable to the buyer d. obedience
d.
If a principal gives the broker instructions that will result in loss or harm to the principal, the broker a. is justified in not carrying out such instructions b. should carry out such instructions without question c. should carry out only that portion of the instructions that will not cause loss or harm to the principal d. should inform the principal of possible harm inherent in the instructions, and then either do as instructed or withdraw from the relationship
d.
In Florida, listings obtained and any commissions paid by the buyer or the seller are a. legally the sales associate's property b. jointly owned by the sales associate and the sales associate's employer c. legally classified as the property of the employing property owner d. legally the property of the sales associate's employer
d.
Managing which type of property of more than 10 units requires a CAM license? a. apartment building b. commercial property c. business complex d. condominium complex
d.
Members of the FREC are appointed by the .... a. governor and confirmed by secretary of state b. governor and confirmed by DBPR secretary c. DBPR secretary and confirmed by the governor d. governor and confirmed by the state senate
d.
Specific responsibilities of FREC do NOT include a. determining the amt of licensing fees needed to operate the Commission b. reporting criminal violations to the states attorney c. informing the Division of Fl Condominiums, Timeshares, and Mobile Homes of disciplinary action against any of its licensees d. providing the services necessary for the preparation and administration of licensing exams
d.
The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given by one's broker. c. following through on listing calls made to for sale by owners. d. what a sales associate does for buyers and sellers after the sale.
d.
What is the Latin term for plea of "no contest"? a. prima facie b. caveat emptor c. writ of mandamus d. nolo contendere
d.
Which action will terminate a single agent relationship with the principal who has listed a home for sale with the brokerage? a. death of a customer interested in the listing b. buyer's offer not accepted by the seller c. decision of sales associate who acquired the listing for the brokerage to leave the company d. destruction of the listed property by a large sinkhole
d.
Which commission responsibility is an exercise of its quasi-judicial power? a. adopt a seal b. create and pass rules c. regulate professional practices d. grant or deny license applications
d.
Which individual is NOT exempt from licensure under FS 475? a. a salaried employee of a governmental agency who performs real estate services for the state and does not receive commission b. individual dealing in personal property only c. individual serving as a personal representative and acting within the statutory limits of that designated role d. an employee of a real estate developer who receives a salary plus bonuses based on sales quotas
d.
Which person does NOT meet the experience requirements to obtain a Florida broker's license? a. An applicant who has held an active California broker's license for the preceding 3 years b. An applicant who has held an active Ohio sales associate license during four of the preceding 5 years while employed by an Ohio broker c. An applicant who has held an active Florida sales associate license for the preceding 2 years while employed by a Florida broker d. an applicant who has held an active Florida sales associate license during two of the preceding 5 years while employed by an owner-developer
d.
Which statement BEST describes who must be licensed to practice real estate in Florida? a. Anyone who performs any of the services of real estate b. Anyone who performs any of the services of real estate for another c. anyone who performs any of the services of real estate for another for compensation d. anyone who performs any of the services of real estate for another for compensation, unless specifically exempted by law.
d.
Which statement is TRUE regarding a lien filed by a broker under the Commercial Real Estate Sale Commission Lien Act? a. the lien applies to commission only and does not include other fees the owner agrees to pay in the brokerage agreement b. the lien is filed against the real property covered in the brokerage agreement c. the lien takes priority as of the date of the brokerage agreement d. the broker must disclose to the owner at the time of signing, or before the owner signs the brokerage agreement, that Chapter 475, Part III, creates lien rights for commission earned by the broker
d.
a real estate brokerage company has entered into a single agent buyer broker relationship with the buyer. In order to show this buyer property that is listed with the same brokerage company for which it is a single agent,in what brokerage capacity may the company work with the buyer and seller? a. single agent for seller and transaction broker for buyer b. single agent for seller and single agent for buyer c. any relationship that is agreed to by buyer and seller d. both the seller and buyer must transition to a transaction broker relationship before the buyer can be shown the seller's property
d.
real estate licensees on active duty with the US Army are required to renew their licenses a. every two years b. on discharge c. within one year after discharge d. within 2 years after discharge
d.
when a deposit is placed with a title company, what info regarding the title company must be included on the PSA? a. phone number b. name of title company c. address of title company d. all of the above
d.
