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Real Estate Principles > Broker Cards > Flashcards

Broker Cards Flashcards

1
Q

A broker’s “reasonable supervision” includes

A

policies, rules, procedures

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2
Q

Procedures include

A

transactions requiring real estate license, documents/ obligations to clients, filing and document maintenance, handling trust funds, advertisement, anti-discrimination laws, report of SA activities

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3
Q

Every office must

A

display a brokers license

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4
Q

Form number for UCC

A

RPI form 436-1

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5
Q

Form number for deed

A

RPI form 404

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6
Q

HCD stands for

A

Housing and Community Development

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7
Q

UCC stands for

A

Uniform Commercial Code

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8
Q

MLO stands for

A

mortgage loan originator

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9
Q

DRE stands for

A

department of real estate

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10
Q

real estate agent stand for

A

realtor

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11
Q

rpi forms stand for

A

real-estate publishing inc

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Real Estate Principles (4 decks)

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