Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The Real Estate Commission does NOT have the power to A. suspend or revoke real estate licenses B. subpoena witnesses for its investigations C. regulate commission rates D. review broker's escrow or trustee accounts Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A real estate broker wrote a full-price offer of $350000 for a buyer. The earnest-money deposit was $25000. The offer was accepted and the broker placed the deposit in her escrow account. The next week the parties cancelled the contract in writing and asked the broker to return the deposit. Which is TRUE? A. The broker must negotiate for her commission out of the deposit B. The broker must return the deposit unless specifically authorized otherwise C. The broker may subtract one-half of her commission before returning the deposit D. The broker has earned a commission and may automatically subtract the entire amount before returning the balance Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A firm has six branch offices. Each branch office MUST have A. a separate principal broker for each branch office B. a designated office manager C. at least one affiliate broker at each branch office D. an affiliate broker to supervise each branch office Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A licensee can advertise property solely under their own name A. with the principal broker’s approval B. if they own the property C. as long as the listing price is included in the ad D. under no circumstances Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Who is ultimately responsible for all trust-account funds received by a firm? A. The administrative assistant B. The depositor of the funds C. The affiliate broker who accepted the funds D. The principal broker of the firm Submit Answer