Question 1 (1 point)

The basic intent for real estate license laws and regulations was to

Question 1 options:

help brokers settle their disputes. protect the public. protect the broker control the real estate market.

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Question 2 (1 point)

Who, of the following would be required to have a real estate license?

Question 2 options:

A secretary who answers the phone in a real estate office An attorney who specializes in real estate law An escrow officer A person who solicits buyers and sellers for a broker

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Question 3 (1 point)

Who can sell real property WITHOUT a license?

Question 3 options:

Anyone, as long as they only sell one property per year An attorney, acting within his duties as an attorney Anyone, as long as they do not sell more than $100,000 worth of property in any one year A judge who is helping out a friend

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Question 4 (1 point)

A real estate broker differs from a real estate salesperson under the law in that the

Question 4 options:

broker is liable for the acts of the salesperson. salesperson may take a listing with him when he changes brokers. law recognizes no differences. salesperson is responsible for the acts of the broker.

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Question 5 (1 point)

Which of the following is responsible for processing license applications, issuing real estate licenses, and collecting license fees?

Question 5 options:

State legislature Federal Department of Real Estate Licenses Attorney General State Real Estate Commission or Department

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