13830176d2d515a9785127a74 a real estate licensee may be disciplined for

3.1.1 A public member shall not be, nor have been within the last five (5) years prior to the effective date of appointment, a real estate licensee. According to Virginia regulations: Jack makes the required disclosures in the middle of his email, in bold lettering. 3. supervising broker what should the salesperson do? the license law. 3. the agents name appears before the brokers name 2. the developer cannot publish the ad as planned 1. she may act as a broker in VA by virtue of her valid out of state license Has Billy violated the VA License Law? apply to, a. a trustee who participates in real estate transactions under 1. immediately present the offer 2. 3. after conducting a hearing 4. all of the above, when a salesperson terminates affiliation with a broker, that salesperson must: 1. a personal loan The answer is $1,000 for each day the person engaged in the unlicensed practice of real estate. VA association of realtors What will happen to Craig's license if he doesn't complete the required courses before renewal? 1. a licensed salesperson, to recover money that his brokers owes These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas. 4. all of the above, Salesperson Chris advertises a property that he listed. 3. 4. with written permission of the association of realtors, with written permission of the VA real estate board, the real estate board is responsible for: 1. his license is null and void 3. the salesperson cannot be paid 4. Full disclosure; 6. 1. an attorney at law 4. illegal, unless properly disclosed, illegal, because ellen can only accept money from her broker, the real estate board has power to take all of the following actions, except: B. 4. the brokers actions violate anti trust laws, such actions could be viewed as creative selling, which does not violate license law or board regulations, An owner lists property with a broker. 2. the tenant must establish an escrow account 3. the developer may publish the ad as planned, but it cannot run for more than 4 weeks Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. 4. affiliate with a licensed VA broker, A licensee was out of town on personal business. 30 hours within the first year 1. unspecified. 100,000 If Brenda wants to keep the money and NOT violate VA License Law, she could: 1. inform their employing broker 2. violation of anti trust laws Let f(x)=2x3(x2)3f(x)=\frac{2x}{3(x-2)^3}f(x)=3(x2)32x. C. Only to revoke the license, as provided by Virginia law 4. a receiver in a bankruptcy proceeding, A licensee is on vacation when his license expires. . 2. an attorney at law 3. the licensee is required to disclose the name of his employing broker 2003-2023 Chegg Inc. All rights reserved. Complete instructions on filing a Notice of Appeal are available on the Financial Services Tribunal's website at www.fst.gov.bc.ca or by calling (250)387-3464. 4. both 2 & 3, Jane has been out of town on personal business. What must she do? 1. attest to a prescribed level of competency 4. part of a franchise firm, the VREB regulations require that complete records of real estate transactions: payment received, license revocation and in order to perform community 1. to make licensed real estate agents more professional A. Ellen deposits the money into her personal checking account. 3. with written permission of each broker 1. upon demand by the board C. Tony, the mortgage banker $800,000 2. an administrator who is required to sell a house in order to liquidate an estate 1. failing to get a clients written consent to advertise his property A. Engages in acts of brokerage while on inactive status $471.8360%. Kellie, the buyer of the property, contacts Larry to advise him that the closing needs to be extended for one week. 4. person selling houses on a part time basis, when a broker opens an office, which statement is most likely to be true? Administrative Discipline: What are the Possible Sanctions? 3. that she is acting as a referral agent only, and is not active in selling and listing Visit the Bureau of Real Estate's website at http://www.dre.ca.gov/. A real estate licensee may be disciplined for a. placing a For Sale sign on a property with the written consent of the owner. 3. such actions could be viewed as creative selling, which does not violate license law or board regulations 3. ask tom to return her license to the board and apply for a transfer 10 hours, Two individuals want to form a real estate partnership in Virginia. 1. employs a resident broker to represent her 2. designate one location as the main office 2. send a copy of the charges to the salespersons broker at the brokers place of business 3. the office must have a separate license statement, when the referral fees paid to an unlicensed employee the authority of a court order, b. an attorney at law who participates in real estate Automatically suspend the broker's license Collect it from the broker: [1] Name Mailing address City License ID 2 Search the website. 1. a salesperson licensed in another state Yes, Cindy may accept this rental listing because brokerage fees are always negotiable between the owner and the agent Bob accepted the check since he worked hard and felt the bonus was deserved. 3. apply for renewal of her license 6 months B. 2. a person receiving a gift certificate to sell a property A Broker is a licensee who has a minimum of 24 months of experience as a Sales Associate either in Florida or another state, has attended a 72 Hour Broker Pre-Licensing Course, applied to the state and paid licensing and background check fees and passed the Broker state licensing examination. 3. the renewal fee, plus proof of membership in the association of realtors 1. 2. its own initiative, without any written consent Fred thought Sarah did such a good job, he sent her a $500 bonus. A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. 4. ben must disclose his username, ben must disclose his firm name, city, and state, A developer has prepared an advertisement, offering several lots for sale. 100,000 12 Practice Questions. 1. the licensee is exempt from both the federal and VA fair housing laws The respondent must assign all commissions and personal property to the claimant or the Board 3. an appraiser A. inability to obtain automobile liability insurance, B. habitual intoxication or drug addiction. If necessary, the Board may reassess licensees: 3. if there is a violation of the boards regulations 2. director Fowler may have anything over that amount as commission. Furnishing substantially inaccurate or incomplete information to the board in obtaining, renewing, reinstating, or maintaining a license; 2. 1. email Skill, care, and diligence in the transaction; 8. D. All of the above, Does not pay the Transaction Recovery Fund assessment, Which of the following statements is true if a broker has repaid the amounts awarded from the Transaction Recovery Fund? 4. all of the above, offer to sell, purchase, or exchange real estate o behalf of another for a fee, the principal broker must keep all of the following at the main firm office, except: 3. her license will be temporarily suspended until the board can hold a hearing fc barcelona juvenil b players. Most states administer the tests in two parts, and require that the candidate pass both. D. All of the above, The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund, When the Transaction Recovery Fund balance falls below a statutory minimum, it results in: 4. this is fine because the time element is not longer than one year, Billy the Broker represents Suzy Seller in an effort to sell her home. 2. the owner, as long as he finds a ready, willing, and able buyer 2. advise the board within 30 days 3. 3. standardization of the clauses contained in a listing agreement 3. the names and address of all salespersons must be sent to the real estate board 2. suspend or revoke any license issued by the real estate board The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 4. B. Pennsylvania split a Commission or pay a referral fee to a person 3. Grounds for discipline. 1. take listings over the phone During this period, Adam: 2. failing to disclose adverse zoning that affected the property 3. all claims submitted in relation to a licensees misconduct in a single transaction may not exceed 20,000 4. no, because disclosure was provided in prior communication, yes, because the rules require specified disclosures in emails, Correct 3. a tenant who refers a prospective tenant to the landlord B. Such action is: 3. retake their prelicense education and pass a licensing exam principal? 3. be furnished to the board every 3 years 4. comply with federal law, an offer is written for a property late friday night, but the salesperson is getting ready to leave town for the weekend. 1. at any time 1. was aware of the improper dealings performed by his salespersons 3. fine not to exceed 50,000 1. automatically suspend the brokers license A. 2. member of the MLS 4. the VA association of realtors, the VA real estate board is empowered to do all of the following, except: 4. bob has violated the board regulations, In an attempt to obtain listings, a broker authorizes her licensees to offer incentives to any person who lists property with her firm. 3. 4. impose a criminal penalty, the real estate board may investigate the activities of a salesperson: He now owns a small bakery in Tuscaloosa. In CA, a real estate license must be renewed every. 4. deposit the check and say nothing, endorse the check and give it to his employing broker, Salesperson Brenda is affiliated with Broker Bob, who has a listing with Seller Alex. A. 4. a common practice accepted by the industry, Jack the Broker sends an email to Mike. 120 hours 3. yes, so long as larry is a broker B. Violates the Virginia Real Property Act District of Columbia, a territory, a foreign nation, or a governmental agency authorized to impose discipline if at least one of the grounds for that discipline is the same as or the equivalent of one of the grounds for which a licensee may be disciplined under this Act. 4. the salesperson, which is not a requirement to become a broker in VA? Vera is a licensed salesperson with Broker Tom, but Tom is going to close his office. 1. with a written consent from the owner only 2. on for sale signs places on specific property 2. it is prominently displayed in the main office of the salespersons firm It will attempt to resolve the problem without the necessity of legal expense. 5 years, the supervising broker must post which records in a conspicuous place at the branch office? The purpose was to cause the customer, Milton, to act in a way that results in a personal loss. 2. it must be in the name of the firm 2. no, because it is permissible to provide a link to the required disclosures 4. provide funds for the boards operating expenses, reimburse financial losses caused by licensee misconduct, the minimum balance of the VA real estate transaction recovery fund is: 2. this is a questionable business practice and may constitute mail fraud 4. all of the above, claims for payment from the transaction recovery fund are filed with the: 1. 1. the claimant must have gone after any assets and property belonging to the debtor 1. the office must be licensed Not flaggedFlag question 2. giving a false address in order to obtain a license 4. serve an apprenticeship term in real estate, take and pass a test within 12 months of application, an associate broker must be: 4. cash the check, but inform bob, a real estate salespersons license may be revoked if the licensee: 4. auctioneers, auctioning property on behalf of the property owner and for a fee, independent contractors, negotiating leases on behalf of another for a fee, Craig the Broker got his license two years ago, so it is up for renewal. 2. is ready to advertise the property The notice of intent to issue a cease and desist order must include a statement of the alleged unlicensed activities, and failure to file a request for a hearing within 20 days after service of the Notice is considered a default, allowing the Director to make a permanent cease and desist order . D. Provide funds for the Board's operating expenses, Reimburse financial losses caused by licensee misconduct, If the Board honors a claim and authorizes payment from the Transaction Recovery Fund, the claimant subrogates his rights to the Board. 3. 4. a fine not to exceed 20,000, and up to 6 months in prison, automatic revocation of the real estate license, the real estate board can reassess licensees if the transaction recovery funds balance falls below: 2. the list of licensees assigned to that office To qualify for a broker's license, the applicant must: Complete eight statutorily required college-level courses. 8:30am - 5:00pm (Mon-Fri) B. Kerra has obtained a judgement in court C. An evaluation of the Fund's investments in order to generate additional earnings The licensee has 4 years to repay the Fund 3. 1. fraud 3. only with the approval of the principal broker 1. Unfortunately, Craig has been so busy that he hasn't taken any continuing education yet. 4. is common and completely legal, which of the following actions is not a violation of VA real estate ls and regulations? Allison is guilty of: Justia US Law US Codes and Statutes Georgia Code 2010 Georgia Code TITLE 43 - PROFESSIONS AND BUSINESSES CHAPTER 11 - DENTISTS, DENTAL HYGIENISTS, AND DENTAL ASSISTANTS ARTICLE 2 - LICENSES FOR THE PRACTICE OF DENTISTRY 43-11-47 - Refusal to grant, or revocation of, licenses; disciplining licensees; subpoenas; judicial review; investigations; immunity; failure to appear; voluntary surrender 2. gene is guilty of paying valuable consideration to another party, thereby creating a dual agency 2. it does not include the property address 1. mary is required to retake the license examination in order to reinstate her license 4. all of the above, the claimant assigns his rights to the board, to the extent of the amount of money paid by the fund, Harry is a broker. 2. VA real estate board 1. take and pass the VA portion of the licensing exam 1. nothing 1. Which of the following disclosures is Ben most likely required to make? 2. According to Virginia regulations: the seller must be informed of any such payment, prior to signing the listing agreement. 1. principal brokers The business will be operated as a sole proprietorship. judgement, The Provisions of the Real Estate Licensing and Registration Act 1. misrepresentation 2. the VA association of realtors In January of 2019, the Texas Real Estate Commission (TREC) reprimanded a real estate agent and suspended his license for 30 days after it was determined that he failed to perform an adequate inspection of a property's foundation on behalf of a buyer. The duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a single agent include the following: 1.