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17 Cards in this Set
- Front
- Back
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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.
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RE Sales Person
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Someone permitted by law to employ those holding a sales person licence, and can also negotiate sales
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REAL ESTATE BROKER
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Another name for RE Salesperson, holds a licnece and is employed by a broker.
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REAL ESTATE ASSOCIATE
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To recall and make a deal void
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REVOKE
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A set of principles or values by which an individual guides his or her own behavior.
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ETHICS
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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.
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TRADE ASSOCIATION
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To temporarily make ineffective
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SUSPEND
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The law that affects the licencing and conduct of Real Estate Agents.
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REAL ESTATE LAW
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The power of the state to pass laws within limits that promote the order, safety, health, morals and welfare of the citizens.
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POLICE POWER
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Trade Name by which someone is a broker or a sales person or associate
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REAL ESTATE AGENT
TRADE NAME "REALTOR" |
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The term Real Estate Law refers to:
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Licencing Law of Real Estae Agents and Brokers.
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Real Estate Law is enforced by whom? Who appoints this person?
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The Real Estate Commissioner.
The Govenor of the state appoints. |
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The fine for payment of a fee to an unlicenced person is how much?
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$100.00 is the fine
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A Real Estate Broker licence is valid for how long?
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Four Years
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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 |
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When a Brokers Licnece is suspended what happens to the sales people?
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Thier licence is temporarily cancelled.
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Within 18 months of a issuance of a salesperson licence, what courses may be taken to complete the two class requirement?
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Accounting, Business Law, Escrow, Real Estate Law, Mortgage Loan and Lending, Property Management, Apprisial, Economics, Finance, Office Administration, Practice.
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