Question: When a payment is made on your behalf from the Guaranty Fund, what happens to your real estate license? Topic: Duties and Powers of the

When a payment is made on your behalf from the Guaranty Fund, what happens to your real estate license?
Topic: Duties and Powers of the Real Estate Commission
Subtopic: Guaranty Fund
It depends upon the situation.
It is revoked.
It is suspended.
Nothing! That is what the fund is for!
When a payment is made on your behalf from the Guaranty

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

When a payment is made on your behalf from the Guaranty Fund, what happens to your real estate license? Topic: Duties and Powers of the Real Estate Commission Subtopic: Guaranty Fund It depends upon...

Q:

Question 1 When a payment is made on your behalf from the Guaranty Fund, what happens to your real estate license? Topic: Duties and Powers of the Real Estate Commission ( X ) It depends upon the...

Q:

* Question Completion Status: QUESTION 1 A real estate license holder can lose his license for failure to make clear, to all parties to a transaction, which party he is acting for receiving...

Q:

The question is bolded and answer is after the question. Please correct if you see any errors Which of the following persons is required to have an Illinois broker license- a commercial leasing agent...

Q:

Question is bolded and the answer follows the question. Please correct if any errors are found in the answers. Which of the following persons is required to have an Illinois broker license- a...

Q:

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Q:

Question 1 1 pts A broker brings his seller an offer from a potential buyer. If the seller asks about the buyer's race, the broker: Group of answer choices must disclose this information to the...

Q:

All the required info is given below All the relevant information is given below Husband - Health Care Power of Attorney Husband - Last Will and Testament Husband -Power of Attorney Heading 1: The...

Q:

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

Q:

Operations Effectiveness. Does it appear that the Mayo Clinic management team is operating effectively as a nonprofit organization? Are they controlling operations? Why or why not? What evidence can...

Q:

There are three pegs on a board. On one peg are n disks, each smaller than the one on which it rests. The problem is to move this pile of disks to another peg. The final order must be the same, but...

Q:

The budgeting process helps firms to identify sources of revenues and expenses as well as the timing of cash flows. While many parts of the budgeting process are confidential, there are some things...

Q:

Burn Incorporated purchased a $ 4 6 0 , 0 0 0 machine to manufacture a specialty tap for electrical equipment. The tap is in high demand and Burn can sell all that it could manufacture for the next 1...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...