3. conversion 1. take listings over the phone DUAL AGENCY - A real estate licensee who represents both the seller and buyer in the same transaction is a disclosed dual agent with written informed consent of both the buyer and the seller (see below). 1. salaried rental property personnel, accepting lease applications on behalf of another 3. return all customers cards to the employing broker 2. send a copy of the charges to the salespersons broker at the brokers place of business Licensing Flashcards | Quizlet 3. supervising broker 3. a salesperson that is also licensed as a rental location agent 3. a college grad 2. designate one location as the main office 2. the real estate board could withhold issuance of a new license, forever, which of the following persons may file a claim and collect from the virginia transaction recovery fund? 2. the attorney conducting the closing Collect it from the broker: [1] Name Mailing address City License ID 2 Search the website. 1. a court having jurisdiction over the brokers $500,000 can conduct business under a fictitious name. 2. be furnished to the board upon request 2. must supervise all firm advertising 2. mail a license to the broker named on the license application 1. the friend must be licensed as a broker 2. the VA association of realtors 4. it is kept in the custody of the employing broker, it is kept in the custody of the employing broker, when a broker or salesperson license is renewed, the licensee must: 43-40-1(2)(B)). 2. kerra has obtained a judgement in court 2. the real estate board within 30 days 4. selling salesperson, a broker advertises property listed with her firm in a newspaper. $20,000 1. the developer may publish the ad as planned 2. the VA real estate board 5 years, licensees must respond to board inquiries within: VA real estate board 4. person selling houses on a part time basis, when a broker opens an office, which statement is most likely to be true? 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership. 3. an attorney who is offering real property for sale under court order B. habitual intoxication or drug addiction 4. the licensee is not subject to the rules and regulations of the board, the license may be exempt from the VA landlord tenant act, which of the following persons is not exempt from the licensure requirements? 193E4.2(543B) Method of discipline. 2. be a US citizen 1. commingling 2. ben must disclose his firm name, city, and state Holding more than one license as a real estate broker or salesperson in Virginia except as provided in this chapter; 3. 2. at least 21 years 1. a court of competent jurisdiction 4. salesperson license, A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. Call Paula after 5 at 123-4567." Which of the following disclosures is Ben most likely required to make? 3. does not pay the transaction recovery fund assessment 1. the court that appointed the receiver 4. gene may continue to operate under his existing sales license, Two brokers are involved in a dispute over a commission split. According to Virginia regulations: payment received, license revocation and in order to perform community In the end, these clients decide to stay where they are and to quit looking for a home. Which of the following entities could become involved in settling the matter? Rainy tells Cindy that she wants $500 per month for the rental and Cindy may have any amount over $500. Authorized Real Estate Schools | Mass.gov 3. 3. legal, if the insurance broker holds a salespersons license c) A real estate broker is presumed to know the law governing the regulated real estate activities in which he or she is engaged. 2. associate brokers and salespersons 2. the respondent must assign all commissions and personal property to the claimant or the board
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