Unit 5: Real Estate Brokerage Activates & Procedures Flashcards
Brokerage Branch Offices
Must register each office.
Registration is not transferable.
Registration may be reinstated.
Brokerage Office Signs
Must display on exterior or interior of the entrance to principal office and all branches.
Must be easily read, understood, and must contain the following:
Trade Name (if one is used)
Broker’s Name
The words (Licensed Real Estate Broker) or (Lic. Real Estate Broker).
Advertising Requirments
Must be in name of the brokerage
Words that are prohibited in Team Names
complete
Regarding Advertising Requirments - Recognize errors in a real estate Ad.
complete
Federal Telemarketing Law Exceptions
complete
Acceptable Depositories for Brokers’ Escrow Account
complete
What is the timeframe for escrow deposits
complete
Postdated Escrow Checks
complete
Who is liable for postdated & insufficient fund checks and why?
complete
Title Company & Escrow Funds
complete
Conflicting Demands
complete
Settlement Procedures for Conflicting Demands
complete
Kickbacks
complete
Entities who may not register as a real estate brokerage
complete
