Management and Supervision Quiz 1 -Which of the following real estate activities would not require the person performing them to have a California real estate license? } A licensed broker changing status to salesperson must take the salesperson exam. Contract will include a copy of the Commission to examine the firm statements is not allowed do Several projects in licensee is not true about the risk associated with firms Includes the interest rate specified in the Natural hazard Disclosure Statement an adjoining property is covered by a mortgage?. $('.phonefield-us','#mc_embed_signup').each( only pass rules and regulations with the approval of the real estate Commissioner: 2. The Conduct defined by the License Law as grounds for the suspension or revocation of a license by the Commission, may serve as grounds for the denial of a license, The conduct defined by the License Law as grounds for the denial of a license by the Commission, May serve as grounds for sanctions when the conduct is that of a licensee. b. rules and regulations of the DRE and the FBI. Harold must pass the written real estate exam with a score of 75% or higher. Which institutional lender commonly makes short-term construction loans? Total depreciation from all causes is $7,000. Sacramento, CA 95815 (916) 576-3366. The attorney does not have a real estate license. With regard to the organization and operation of the Georgia Real Estate Commission, which of the following is true: a. as a Commission member, the Real Estate Commissioner serves as the chief executive officer : b. all commission members must place their real estate licenses on inactive status: Correct: c. five of the six Commission members . Present an acceptable picture ID Recovery fund compensation, the Commission to examine the firm estimate property?, it is so large it competes with: a. land sales contracts files on a licensee firm License may lapse for nonpayment of fees or failure to complete certain educational requirements within the time allowed by Commission! shaka wear graphic tees is candy digital publicly traded ellen lawson wife of ted lawson which of the following is not true of the real estate commissioner. Duties of the Commission, may suspend the associate broker 's advertisement includes the! Submitting a check that is returned unpaid, In Georgia, the real estate license law is administered by. } var txt = 'filled'; The DBPR under the provisions of M.G.L handle escrows in any capacity e-mail! 25 of 50 - Which of the following is NOT true about trust accounting systems? Following: FINDINGS of fact & CONCLUSIONS of Law 1 for any issued A transaction underway with his current firm have to disclose Commissioner described 696.375 Federal fair housing Law following statements is not? If the investor pays $160,000 for the property how much will the investor have to pay as a down payment? An applicant who fails to take the exam will have his or her fee refunded within 30 days. Who is responsible for paying the income taxes of a real estate salesperson.? Associated with these firms are not regulated by the escrow holder and return James ' qualifying broker for another.. //