Real Estate Test Chapter 4

Front 1

Which statement regarding a wallet license is Not true?

Back 1

The wallet license should be carried by the licensee at all times to verify the fact the licensee is truly licensed

Front 2

The law requires that a licensee has the following number of days in which to provide the Division with evidence of a status change

Back 2

10

Front 3

Which of the following changes to license status do not need to be provided to the division

Back 3

a change of marital status

Front 4

A licensee who has let his license remain expired six months past the expiration date can reinstate the license by submitting:

Back 4

the license is past the time for reinstatement, and the licensee must start over on order to get a license.

Front 5

John has had his license on an inactive status for five years. In order to activate his license again, John must:

Back 5

Provide evidence of either having taken 12 hours of continuing education or having passed the pre licensing examination within the past six months (18 hours after 7/1/09)

Front 6

Juan is a principal broker and he needs to discharge Jose from his office. Juan has not seen Jose for a long time, so he:

Back 6

must send a signed statement to the Division notifying them of the discharge

Front 7

In order to renew a license, a licensee must:

Back 7

complete 12 hours of continuing education in two years, which will change to 18 hours after July1, 2009

Front 8

During the first licensing period, the licensee must complete:

Back 8

12 hours of the New Sales Agent course

Front 9

When a licensee changes from one status to another, the form that is used is called the:

Back 9

change card

Front 10

One of the licensees hasn't been in the office for two months, and the principal broker decids to immediately discharge her. The principal broker knows she has moved and he doesn't have her current address. the principal broker must:

Back 10

Send a written notice to her last known address even if he knows it isn't current.