Quiz for:
Real Estate Pre-Licensing Intensive Lecture Notes

Question 1

What is the maximum commingling limit for property management escrow accounts?

Question 2

What is the penalty for unlicensed real estate activity?

Question 3

How long is the first licensing cycle and what are the requirements for license renewal?

Question 4

What is required to check child support obligations during the real estate broker application process?

Question 5

What does A BAR SALE stand for related to the functions of a real estate agent?

Question 6

What must applicants submit when issues arise during their background check?

Question 7

What must be included on a broker’s office sign?

Question 8

How long must records be maintained in case of audit or litigation?

Question 9

Under what conditions can an escrow deposit be refunded without cancellation when dealing with condo documents?

Question 10

What is the maximum penalty per transaction covered by the Real Estate Recovery Fund?

Question 11

What are the steps in the conflict resolution process for escrow accounts?

Question 12

Which business structures are not allowed for real estate offices?

Question 13

What are the rules for email solicitations under telecommunication protections?

Question 14

What are the consequences of an involuntarily inactive license status?

Question 15

What distinguishes group licenses from multiple licenses?