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Real Estate > Who Need a Licence? > Flashcards

Who Need a Licence? Flashcards

1
Q

Sell, exchange, purchase, rent, or lease real estate

A

YES

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2
Q

Offer to sell, exchange, purchase, rent, or lease real estate

A

YES

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3
Q

Negotiate or attempt to negotiate the listing, sale, exchange, purchase or leasing
of real estate

A

YES

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4
Q

List or offer or attempt or agree to list real estate for sale, rent, lease, exchange or
trade

A

YES

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5
Q

Auction, offer or attempt or agree to auction real estate

A

YES

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6
Q

Buy or sell or offer to buy or sell, or otherwise deal in options on real estate

A

YES

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7
Q

Aid, attempt or offer to aid in locating or obtaining for purchase rent or lease any
real estate

A

YES

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8
Q

Procure or as in the procuring of prospects for the purpose of effecting the sale,
exchange, lease or rental of real estate

A

YES

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9
Q

Procure or assist in the procuring of properties for the purpose of effecting the
sale

A

YES

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10
Q

Present them or be presented, as being able to perform an act for which a license
is required

A

YES

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11
Q

Selling time shares for other people

A

YES

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12
Q

Auction Ground-men

A

NO

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13
Q

An owner in the managing of, or in consummating, a real estate transaction
involving their own real estate or the real estate of their spouse, child or parent

A

NO

Owner means the individual owner themselves, or in the case of a
Corporation or Partnership, a partner or corporate officer who has the
authority of and does make management decisions affecting the overall
policy of the corporation or partnership.

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14
Q

An Attorney at Law performing his/her duties as an Attorney at Law

A

NO

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15
Q

Persons acting without compensation and in good faith under a duty executed by
power of attorney authorizing the consummation of a real estate transaction.

A

NO

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16
Q

Persons, or a state-chartered or federally-chartered financial institution, acting as
a receiver, trustee, administrator, executor or guardian, or acting under a court
order or under authority of a trust instrument or a will.

A

NO

17
Q

Public officers performing their official duties

A

NO

18
Q

Persons performing general clerical or administrative duties for a broker

A

NO

The duties of a clerical or office employee of a real estate company shall be
limited to the duties normally attributed to such positions. No such
employee of a licensee or any other person shall physically show listed
property, solicit, or accept a listing, negotiate a sale or lease, hold
themselves out as engaged in the real estate business or perform any other

19
Q

Persons acting as the manager for an apartment building or complex. However,
this exception shall not apply to a person acting as an onsite manager of a
condominium complex

A

NO

20
Q

Transactions involving the sale, lease or transfer of cemetery lots.

A

NO

Real Estate (23 decks)

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