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2. the license will be automatically revoked 4. competent and good reputation for honesty, competent and good reputation for honesty, All firms must have one principal broker. 1. neither susan nor gene is in violation of the law 2. person selling a vacant lot for a fee Several weeks after closing, the seller sent him $250 and a thank you note for a job well done. 4. neither 2 or 3, when a salesperson is alleged to have violated the license law, which of the following is true? 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. In this situation, which of the following statements is true? 1. be clearly separate from the living area 2. an auctioneer 3. the agents name appears before the brokers name 1. the inspector is licensed in VA 1. an auctioneer Instead, Robert provides a link that redirects the user to his web page, which displays the necessary disclosures. 4. none of the above, a real estate licensee is required in order to: After that, Tony would handle the mortgages of any buyers through his bank. 1. is in violation of the VA license law 2925 Real Estate Commission Education Committee - Delaware 2003-2023 Chegg Inc. All rights reserved. a real estate licensee may be disciplined for. 2. the owner, as long as he finds a ready, willing, and able buyer PO Box 9425 Stn Prov Govt. Real Estate Brokers & Salespersons - Michigan 3. an attorney who is offering real property for sale under court order Fair Housing CORE Mandate for 2024-2026 License Renewal Period (Next Renewal Period). 4. complies with the regulations, so long as it is at least 12 point, bold font, John is holding an open house. 4. must ensure compliance with all laws and regulations at all locations, must keep all financial records for 5 years, a VA real estate firm may operate under the name of: A. 2. the salesperson can only be paid if her license is renewed prior to january 31 In December 2015, the department received a complaint and opened an investigation into allegations the salesperson was using a Facebook page to . 4. no, using these deposits for repairs would eliminate the need to charge damage repairs when tenants move out, no, security deposits are held for tenants in an escrow account and are not part of the operating funds, a broker is a member of the local MLS service. Method 1 Qualifications and Education 1 Find out the licensing requirements where you live. 4. the salesperson can be aid if she retakes the state licensing exam, the salesperson is entitled to receive her commission, Incorrect 2. have a desk for every 5 agents The Real Estate Fund and its consumer recovery account is funded by: Larry is a broker representing Mark in the sale of his house. C. $100,000 3. principal brokers license 4. after 3 complaints have been received, Allison is a broker who knowingly stated an false material fact. 1. misrepresentation 3. if the owner is a non resident of VA 4. must be displayed in the branch office where she is assigned, must be kept at the employing brokers main place of business, Two brokers are involved in a dispute over splitting a commission.