Unit 3

Question 1

Applications for licensure, renewal of license, transfer of license, changes in the status of a license, or change in the name of a firm must be on ________-______ ____.

Answer 1

Commission-approved forms.

Question 2

Changes in other information that is required to be filed with the Commission, including changes in trust accounts, address changes, and individuals’ name changes may be done by _____.

Answer 2

letter

Question 3

Within __ days of making application, each applicant for a license OR for an instructor approval must obtain - at his or her own expense - a certified ______ history report.

Answer 3

60, criminal

Question 4

Prior to the issuance of an original license, all of the following applicants will pay what in advance?

Each applicant who has passed the examination
Each firm that is an applicant for a broker’s license
Each corporation, limited liability company or partnership that is an applicant for an associate broker license or a salesperson license

Answer 4

activation fee

Question 5

When an individual applicant activates an original license, that applicant must pay an _______ fee and a _______ fee to cover all fees due until the applicant’s birth month in the fourth year following the original activation year.

Answer 5

activation, renewal