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17 Cards in this Set

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Someone holding a RE Licence and employed by a broker, for pay to perform any activities of a real estate broker.
RE Sales Person
Someone permitted by law to employ those holding a sales person licence, and can also negotiate sales
REAL ESTATE BROKER
Another name for RE Salesperson, holds a licnece and is employed by a broker.
REAL ESTATE ASSOCIATE
To recall and make a deal void
REVOKE
A set of principles or values by which an individual guides his or her own behavior.
ETHICS
A voluntary non-profit orginization of independent and competing business units engages in the same industry or trade. Formed to help with industry problems, and to promote progress and enhance services.
TRADE ASSOCIATION
To temporarily make ineffective
SUSPEND
The law that affects the licencing and conduct of Real Estate Agents.
REAL ESTATE LAW
The power of the state to pass laws within limits that promote the order, safety, health, morals and welfare of the citizens.
POLICE POWER
Trade Name by which someone is a broker or a sales person or associate
REAL ESTATE AGENT
TRADE NAME "REALTOR"
The term Real Estate Law refers to:
Licencing Law of Real Estae Agents and Brokers.
Real Estate Law is enforced by whom? Who appoints this person?
The Real Estate Commissioner.
The Govenor of the state appoints.
The fine for payment of a fee to an unlicenced person is how much?
$100.00 is the fine
A Real Estate Broker licence is valid for how long?
Four Years
How many hours are required for a sales person licence renewal? What classes are required in the first renewal?
What are the other hours in?
45 Hours of CEU
Ethics, Agency, Fair Housing, Trust Funds ( 3 hours each)
33 Hours of Consumer Protection
When a Brokers Licnece is suspended what happens to the sales people?
Thier licence is temporarily cancelled.
Within 18 months of a issuance of a salesperson licence, what courses may be taken to complete the two class requirement?
Accounting, Business Law, Escrow, Real Estate Law, Mortgage Loan and Lending, Property Management, Apprisial, Economics, Finance, Office Administration, Practice.