Chapter 3 Flashcards
What can the department seek from a court order against a licensee for failure to follow a department order
Injuction
Can the department file an injunction against unlicensed persons
No but can seek injunction from courts
Who can exercise executive powers
Chairperson acting alone or can be delegated by quorum vote to any other commission member
What is the lowest form of disciplinary action the commission can envoke
Reprimand
5,000 per offense
What is the highest form of disciplinary action that the commission can envoke
Revoke
If a brokers license is suspended revoked or otherwise void of an affective the licenses of all the persons who are employed under such a broker become
Automatically inactive
Who can cancel your license
Only you
Where should the licensee return their license
Department
What kind of license is involved in working with a developer
Group License
How can a broker be issued multiple licenses
By requesting multiple licenses. Broker must show the additional licenses are necessary and legitimate
What is your pay if working with a broker
Commission
What is your pay if working with a developer
Salary
Do you need a real estate license to work with a developer
No
What’s the max number of years they can suspend our license
10 years
