state test youtube video study Flashcards
any change in documents is considered a draft do you have to hire an attorney?
yes
brokers fill in the BLANKS in documents that is ALL
yes
tell you client about any BONUSES from the builder before they make an OFFER
yes
how many days to inform commission of change in address?
10
60 days from conviction to report to NCREC. ONLY report misdemeanor NOT CHARGES
yes
advertising? does is have FIRM name on it? blind ads are prohibited and owners must give permission for all for sale signs placed on property
yes
whats the first day to pay annual renewal fee? and when is the last day to keep license current?
may 15
june 30
last day to pay $45 annual renewal fee….if not it goes ____
june 30
expired
CE hours must be satisfied by when? if not it goes_____
when is provisional broker due?
june 10
inactive
2nd june 10th
how many hours of CE? what type of classes?
8hrs
4-general
4-elective
what date does your license officially go inactive if you haven’t taken all 8hrs of ce?
july 1
ACTIVE=GET PAID AND DONE CLASSES
INACTIVE = NOT DONE PL OR CE
EXPIRE= HAVENT PAID
CURRENT=PAID
can licensee earn compensation for assisting others in brokerage activities if they are not current and active?
no
buyers agents MUST disclose right away at INITIAL CONTACT to anyone on the seller side
LISTING AGENTS disclose at FIRST SUBSTANTIAL
all agents must give and review the working w real estate brochure and disclose agency status when?
first substantial contact
when is WWREA brochure given? (what type of transaction?
residential sales transactions (not leases!)
does the WWREA have to be signed?
no
is WWREA a contract?
no, not a contract just a disclosure. does NOT create agency
