CA, violations, complaints, and disciplinary actions Flashcards
Is a open and the listing agreement permitted?
No, Listing agreement must have a termination date.
Can a licensee represent both buyers and sellers in the same transaction?
Yes, both parties are consented and aware.
What is a dual agency?
A licensee selling both properties for both parties with consent of representation.
How long can a real estate license be revoked?
One year or longer at the discretion of the commissioner.
If your license is restricted, Kenneth commissioner, require licensee, obtain employment with a specific broker?
Yes
Can the commissioner require other conditions like reports have you obtain a bond?
Yes
A term is a possible restriction,how long can the last?
A period of months or years
How do you avoid penalties on your license?
Updated education, fines, return of property/documents.
Requiring a license to submit, detailed reports related to trust fund accounting is an example of a condition that may be placed on a license with a_________ license?
Restricted.
Retracted
Revoked
Suspended
Restricted
Serious violations of the real estate license laws typically result in which disciplinary action or actions?
Additional education
A small fine
License suspension or revocation
Reprimand
License suspension or revocation
Taylor’s uncle hired him as a listing agent. Because of their relationship, what may Taylor do with regard to the termination date of the agreement?
Include an automatic renewal clause
Include a reasonable termination date
Leave it out
Right “family member” in the termination date field
Include a reasonable termination date.
Rita missed an important deadline for her client. This is an example of a.________?
Conversion
Negligence
Ordinary mistake
Personal dealing
Negligence
