shit that an unlicensed person can do Flashcards
Question 1: Which of the following tasks can an unlicensed employee perform without the direct supervision of a licensed real estate agent or broker?
a) Handling trust funds
b) Conducting negotiations with clients
c) Preparing advertising materials
d) Providing legal advice
c) Preparing advertising materials
Question 2: What is the primary responsibility of an unlicensed employee when it comes to handling trust funds in a real estate transaction?
a) Accepting and accounting for trust funds
b) Providing receipts for trust funds
c) Reviewing trust fund transactions
d) None of the above
d) None of the above they are not allowed to mess with trust funds
Question 4: Which of the following tasks can an unlicensed employee perform in relation to transaction documents?
a) Review documents for completeness or compliance
b) Make the final determination of completeness or compliance
c) Sign documents on behalf of the licensee
d) None of the above
a) Review documents for completeness or compliance
Question 5: Which of the following tasks can an unlicensed employee perform in relation to communication during a real estate transaction?
a) Negotiating terms with clients
b) Providing legal advice
c) Communicating about the delivery of reports or information
d) Making final decisions on behalf of the licensee
c) Communicating about the delivery of reports or information
Question 7: Which of the following tasks can an unlicensed employee perform at an open house?
a) Negotiating offers with potential buyers
b) Providing detailed property information
c) Conducting property inspections
d) Signing purchase agreements
providing detailed property information
Can an unlicensed individual conduct a cma? (comparitive market analysis)
yes. may conduct or prepare cma subject to approval of, and for use by the licensee
when must the seller provide the tds to the buyer
a. within 30 days
b. within 60 days
c. as soon as possible
d. none of the above
c. as soon as possible