he sale of discounted trust deeds, business and finance homework help
A broker advertised the sale of discounted trust deeds. In her ad, she stated a specific yield based on previous performance over the last year. Is she permitted to advertise this information?
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QUESTION 2
A broker can disburse funds directly from a trust account to pay:
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QUESTION 3
A buyer of a business opportunity should obtain a Certificate of Clearance from the:
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QUESTION 4
A contract in which one party grants another the right to sell goods or services under the grantor’s marketing plan is a:
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QUESTION 5
After a broker placed the prospective buyer’s good faith deposit into escrow, the deal broke down and a disagreement arose between the buyer and the seller as to the ownership of the deposit. The broker deposited the funds with a court, filing this type of action:
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QUESTION 6
After it has been proven in a disciplinary hearing that the accused licensee has violated the license law, the Commissioner may:
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QUESTION 7
All of the following activities could be considered unlawful price fixing in violation of antitrust laws, except:
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QUESTION 8
All of the following are exempt from the real estate licensing requirement except:
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QUESTION 9
Betty allowed her real estate license to expire ten months ago. In order to engage in real estate activities, she must:
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QUESTION 10
If the Real Estate Recovery Account pays funds to a judgment creditor of a licensee, that individual’s license won’t be reinstated until he:
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QUESTION 11
The Real Estate Commissioner’s regulations require that broker-salesperson agreements:
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QUESTION 12
The amount of money that remains after all commissions are subtracted from a brokerage’s gross income is known as the:
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QUESTION 13
The duties of the Real Estate Commissioner include all of the following except:
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QUESTION 14
The license law requires real estate brokers to keep adequate records of their transactions:
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QUESTION 15
The owner of a small investment firm has been selling real estate without a license. Who would criminally prosecute this person for her actions?
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QUESTION 16
When a broker’s license is issued to a corporation, the license:
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QUESTION 17
When a licensed salesperson advertises his own property for sale, the advertisement must disclose:
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QUESTION 18
Which of the following is NOT a violation of license regulations concerning trust accounts?
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QUESTION 19
Which of the following persons is required to have a real estate license?
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QUESTION 20
Which of the following is NOT true of a broker’s trust account?