Law 6 - Practice Flashcards
It is important to remember that a license application is a ___________________.
sworn statement
Besides disclosing known issues, an agent must also disclose issues they _________________ exist.
should know
It is a violation to fail to remit any money within _______________________.
a reasonable time
It is illegal to sell property using a ____________, contest, or deceptive practice.
lottery
Licensees cannot guarantee any _________________ will result from resale of property.
future profits
No real estate broker shall _________ any party to break a contract with another agents contract.
induce
Any time someone signs a document, that person is entitled to _________ of the document.
copies
It is the responsibility of the principal broker to ______________ licensed affiliates.
supervise
Net Listings are considered ________________.
illegal
The commission may levy a fine of up to _________ and order probation up to _____ months.
$1,000 12
If a licensee is revoked it shall be a minimum of _____ years.
5
