State Review Q81-159

d.kept in the custody of the broker

A licensee's license must be a.carried in his/her wallet at all times b.posted in a public place in the brokers office c.kept on the wall in the licensees home d.kept in the custody of the broker

c.brokers name and telephone numbers

Alll advertisements of listed property must contain the a.selling price of the property b.location of the property c.brokers name and telephone numbers d.listing sales persons name

d.salespersons telephone number

A salespersons internet ad must include all except a.brokers name b.salespersons name c.state and county in which brokers main office is located d.salespersons telephone number

c.obtain a brokers license

builder who plans to employ a licensed salesperson on commission should a.record the contract between the two of them b.obtain a salespersons license c.obtain a brokers license d.not be required to obtain a license

b.his/her own sponsoring broker only

A real estate salesperson may accept a commission for selling real estate from a.a cooperating broker b.his/her own sponsoring broker only c.the seller d.the builder

d.pervent the transfer of the former licensee

A report to the commission by a broker of a formerly sponsored licensee who fails to turn over business related property shall not a.constitute a written complaint filed with the commission b.list and indentify the property c.be signed by the broker d.pervent the transfer of the former licensee

a.his broker

A salesperson shall be informed of changes in the real estate licensing law or commission rules by a.his broker b.the department of occupational standards c.the real estate commission d.the real estate news

a.he cannot be paid a commission by the former sponsoring broker

If a salesperson succesfully negotiates a sale but changes sponsoring broker before the sale closes the former sponsoring broker will receive the entire commission. Which of the following is true of the selling salesperson a.he cannot be paid a commission by the former sponsoring broker b.he is entitled to receive his commission directly from the former sponsoring broker c.the new sponsoring broker cannot pay him for work unless it was perfomed while sponsored by the new sponsoring broker d.he must share his commission with his new sponsoring broker

c.as provided by the employment contract

A broker is usually paid a commission a.at the time the listing agreement is executed b.at the time the purchase agreement is accepted c.as provided by the employment contract d.ninety days after the purchaser moves into the house

c.a licensed louisiana broker who assisted in the sale

A broker may share a commission with a.the person who introduced the buyer to the broker b.salesperson sponsored by another broker who assisted in the sale c.a licensed louisiana broker who assisted in the sale d.the mortgage banker financing the sale

d.first or last page

A brokers E-Mail ad must include the regulatory jurisdiction in which the broker holds a license on a.first page only b.last page only c.each page d.first or last page

d.requiring a six months protective period in the listing agreement

A brokers license may be suspended or revoked for all of the following reasons except a.intentionally using misleading advertising b.intentionally using the trade name of a real estate organization of which the licensee is not a member c.placing a for sale sign on a property without the written consent of the owner or the owners agent d.requiring a six months protective period in the listing agreement

c.each page

A brokers site on the internet must include the brokers name on a.first page only b.last page only c.each page d.first or last page

d.remain in an inactive status indefinitely

A licensed real estate salesperson can a.obtain listings for more than one broker as long as sperate properties are involved b.manage a branch office c.send his license to the commission and have it transfered d.remain in an inactive status indefinitely

a.places a for sale sign on a property without the owners permission

A listig broker's license may be revoked if she a.placees a for sale sign on a property without the owners permission b.fails to include all the conditions of the mortgage in a sales contract c.designates herslef to represent the owner d.terminates the listing without consent of the owner

d.this is cause for the commission to suspend or revoke a license

A property owner, unlicesed, owner offers to pay a large brokerage commission directly to a designatd salesperson. The sponsoring broker consents, provided the salesperson pays a part of the commission to the broker. What repercussions if any are involved here a.none because the employing broker has full knowledge and consents b.none because the owner may pay a commission to whomever he desires to sell his property c.none since the salesman is dividing the commission with the broker d.this is cause for the commission to suspend or revoke a license

d.would have his license automatically suspended

A salesman sponsored by a real estate broker whose license is subsequently revoked a.could continue to sell real estate for the broker b.would have his license automatically revoked c.is entitle to transefer to another broker upon paying a transfer fee d.would have his license automatically suspended

c.making an undisclosed profit or expenditure for a client

A salesperson can lose his license for a.selling properties quicly at low prices b.buying property for his own use from his principal c.making an undisclosed profit or expenditure for a client d.receiving a commission for his sponsoring broker

d.first or last page

A salespersons E-Mail advertising must include the brokers name on a.first page only b.last page only c.each page d.first or last page

b.accept an undisclosed commission on expenditures made for the owner

As agent for an owner, a broker may not a.charge a commission on expenditures made for the owner b.accept an undisclosed commission on expenditures made for the owner c.charge a flat fee as commission d.collect a fee from the buyer

d.inducing a party to make a decision

Grounds for suspension or revocation of a license do not include a.place a for sale sign on a property without the written consent of the owner b.advertising a listing without the written consent of the owner c.acting for more than one party without written acknowledgment of all parties d.inducing a party to make a decision

c.managing a branch office

Any broker exclusively affiliated with another broker is prohibited from all of the following except a.maintaining either a sales escrow or rental deposit or security deposit b.running an ad containing only his name and telephone number c.managing a branch office d.placing a clients funds in any account other than the sponsoring brokers

c.when both parties agree to it

The broker is entitled to collect commission from both the seller and the buyer a.if the broker holds a real estate license b.when the buyer and seller are related c.when both parties agree to it d.when both parties have attorneys

d.advise the current broker the name and the new sponsoring broker

Upon termination of business relationship with a sponsoring broker for any reason, a salesperson must do several things, but does not have to a.return all listing information b.return keys c.return other property and material acquired during his business relationship d.advise the current broker the name and the new sposoring broker

c.ad must specifically disclose that a licensee has interest in the property

When a salesperson advertises his own property for sale the a.ad may be identified by the brokers telephone number only b.brokers telephone number must appear in lettering larger than is used for the salesperson c.ad must specifically disclose that a licensee has interest in the property d. a salespersons telephone number must appear

b.show only the brokers telephone number if the salesmans name and number are shown

Which of the following statements is false regarding advertising. It may a.show the salesmans name if the name and telephone number of the broker is shown b.show only the brokers telephone number if the salesmans name and number are shown c.show the name and address of the broker and the name and telephone number of the salesman d.not be by the brokers telephone number alone

d.salesperson may be paid only by the sponsoring broker

Which of the following statements is true a.licensed salespesons may share commissons with unlicensed persons who assit in the sale of real estate b.commissions earned by a salesperson may be shared with licensed salespersons of another licensed broker without knowledge of his broker c.salespersons may pay commissions to other licensees with permission each sponsoring broker d.salesperson may be paid only by the sponsoring broker

d.a salesperson or associate broker can accept a fee only from the sponsoring broker

With regard to commissions a.lawyers may be paid referral fees as a source of listings b.cooperating brokers always split fees 50/50 c.rates are set by the local board of realtors d.a salesperson or associate broker can accept a fee only from the sponsoring broker

c.a licensed louisiana broker who assisted in the sale

A licensed broker may share a commission with a.the person who introduced the buyer to the broker b.the salesman of another broker who assisted in the sale c.a licensed louisiana broker who assisted in the sale d.the local board of realtors

d.sponsoring broker

For his acts in connection with real estate activity, a real estate salesman is always directly responsible to the a.seller b.mortgagee c.buyer d.sponsoring broker

a.8

Before renewl of an active license, the active licensee must prove completion of continuing education course work of how many hours a.8 b.16 c.30 d.40

b.court

Disputes between a sponsoring broker and a licensee terminated by the broker should be decided by the a.commission b.court c.arbitration d.brokerage management

d.is willing to accept the consequences of breaking the law

Real estate salesperson may pay a finders fee to an unlicensed individual provided that the licensee a.advises all interested parties of the payment b.advises the real estate commission of the payment c.is kin to the unlicensed individual d.is willing to accept the consequences of breaking the law

b.kept in the custody of the broker

Real estate salespersons licenses are required to be a.displayed by the broker b.kept in the custody of the broker c.kept in possession of the salesperson d.retained by the commission