Section 10. Other Topics Flashcards
If a broker’s license is expired or inactive, which of the following is TRUE:
a. They may engage in brokerage, provided they receive no commission
b. They may engage in brokerage, provided they are supervised by an actively licensed BIC
c. They may not engage in brokerage, except referral fees
d. They may not engage in brokerage, including referral fees
d. They may not engage in brokerage, including referral fees
Regarding renewing a broker’s license, which of the following is FALSE:
a. Every licensee must complete 8 hours of CE
b. Every licensee must take 4 hours of General Update
c. BIC and BIC eligible brokers must take 4 hours of BIC Update
d. All courses must be completed by midnight on June 30th
d. All courses must be completed by midnight on June 30th
All courses must be completed by midnight on June 10th, not June 30th. (LO: Explain how to maintain a current and active license)
According to a change, Rule 58A .0606(a), what happens to a provisional broker who is not supervised by a BIC:
a. Disciplinary action will be taken
b. They must stop all real estate practices
c. Their license will no longer be valid
d. Their license will no longer be active
d. Their license will no longer be active
What is NOT a requirement for reinstatement of a license that has been expired for 6 months to 2 years:
a. Submit application, criminal background report, and $90 online fee
b. Take either one post-licensing course or a license examination
c. Submit license activation form (REC 2.08)
d. Be currently engaged in brokerage
d. Be currently engaged in brokerage
An inactive broker license with more than 2 years of CE deficiency must do all of the following to become active EXCEPT:
a. Pass two 30-hour post licensing courses
b. Complete the current year’s CE (update and elective)
c. Take a licensing examination
d. Submit activation form (REC 2.08)
c. Take a licensing examination
According to a change, Rule 58A .0606(a), what happens to a provisional broker who is not supervised by a BIC:
a. Disciplinary action will be taken
b. They must stop all real estate practices
c. Their license will no longer be valid
d. Their license will no longer be active
d. Their license will no longer be active
