Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
17 Cards in this Set
- Front
- Back
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.
|