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18 Cards in this Set
- Front
- Back
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Salesperson as Independent Contractor |
Broker still liable for conduct |
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Unlicensed Assistant |
- Broker must read advertising - Must be supervised on the internet when responding to inquiries - Both guilty if assistant solicits buyers or sellers |
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Manage Property |
Broker |
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Loan broker laws |
Disclosure given to borrower when signed |
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Advertisement |
NOT 1-800-ForALoan |
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Desk Cost |
Total expenses divided by # of salespersons |
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Company dollar |
Income minus only commissions |
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Trust fund account |
- Separate trust funds (private from business) - Any broker employee has access |
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Ethical Practices |
Honesty & Fairness |
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Recovery Account |
To get license back, broker must pay recovery account plus interest |
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Selling trust deeds |
Advertising must include interest rate and discount |
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Mobile Homes
Can sell |
Only if registered |
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Mobile Homes
Must remove signs |
Within 48 hours |
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Mobile Homes
Notice of Transfer |
- Within 10 calendar days - Dept. of Housing and Community Development |
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Expired RE License |
- Good for four years - Can be renewed within 2 years after expiration |
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Temporary RE license |
- 150 Days - Delinquent child support |
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Advance Fee contract |
No guarantee of sale or lease |
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Fair Housing |
- All of the above - 1968 - provide fair housing - No steering - Unenforceable - no effect - Revuse to show when out of town - Blockbusting, panic pedaling, NOT duress - No discrimination - rejected offeror - No discrimination against singles - Department of Fair Employment and Housing - CA state agency (HUD-Federal) - Different prices - money damages - Show same homes - No gender or ethnic quotas - Can refuse to answer gender/ethnic questions |
