Sponsor broker Study guides, Class notes & Summaries

Real Estate U Final Exam Questions and Answers 2023/2024 Latest Update. Article 12-A of the NYS Real Property Law - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - Obtained aft...

In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor What is the name given to the Illinois license laws under which brokers and salespeople practice? - Real Estate License Act of 2000 After May 1, 2011, the new license categories are: - Managing Broker and Broker After April 30, 2012, as an alternative to passing the prof...

Identify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" List the Categories of real property. - (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose List the factors that affect supply in the real estate market. - (1) Labor force costs, (2) Construction costs, (3) Governmen...

Article 12-A of the NYS Real Property Law - correct answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - correct answer A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - correct answer Obtained after your register ...

What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? - SEC Both FINRA and the Securities and Exchange Commission (SEC) regulate and have enforcement capability over the U.S. securities markets and market participants. However, the SEC is a government agency, while FINRA is an SRO - a self-regulatory organization under SEC oversight. The Municipal Securities Rulemaking Board is another SRO that creates rules for municipal market participants, b...

Article 12 A - correct answer NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - correct answer Broker that holds salesperson license Summary of Submission - correct answer Paper you get after registering for NYS test. Bring to tes with you Misedemanor - correct answer Crime with no more than 1 year prison or $1,000 fine Listing Agreement - correct answer Agreement between salesperson and property owner, ...

Article 12 A - ANSWER NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - ANSWER Broker that holds salesperson license Summary of Submission - ANSWER Paper you get after registering for NYS test. Bring to tes with you Misedemanor - ANSWER Crime with no more than 1 year prison or $1,000 fine Listing Agreement - ANSWER Agreement between salesperson and property owner, allowing salesperson to provide services to the ow...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would require a real estate lice...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer ️️ --B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer ️️ -C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts w...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM questions and answers well illustrated. 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - correct answers.-B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - correct answers.C. As of July 1,2008 to become a broker you must be 20...