2. If a licensed broker procures a ready, willing, and able buyer, who’s offer is accepted by the seller, is the broker due a commission?
3. If a licensed broker procures a ready, willing, and able buyer, who’s offer is accepted by the seller, but then the buyer can’t get financing, is the broker due a commission?
4. What are the ways listed on RECAD that a licensee may interact with a consumer?
5. Can you write an offer for someone as a transaction broker?
6. If you don’t have a buyer’s agency agreement, can you legally show property to a potential buyer?
8. A licensee represents the seller and a consumer calls and wants to see the property. How can this happen?
9. Your listing has expired and the seller listed with another company. You now have a buyer client who wants to see the property and you know the seller will take considerably less. Do you disclose this to your buyer client?
10. The seller tells you at your listing presentation that they owe more than the home is worth and will have to dip into their savings to do the deal, but must sell. You don’t get the listing. The next month you have a buyer client who wants to make an offer on that home. Do you tell them what you know?
13. Two years ago your listing had a murder-suicide. Are you required to disclose?
14. A sex predator lives next door to your listing. You don’t know about it. Are you required to disclose this?
15. You know there is toxic mold in the basement behind the new paneling. Must you disclose?
16. Six months after the buyer moved in the home you helped them find there was a big storm and the roof leaked. They didn’t want a home inspection What do you say?
17. You knew the roof leaked and didn’t tell them Now what could happen?
58. At a condominium the owners each hold what kind of ownership in the pool?
59. Can the office manager at the real estate company show properties?
60. How long must you hold a salesperson license before taking the broker test?
61. How long do you have from the time you start the real estate class until you must finish?
62. You have finished your real estate class and will take the test next week. Your neighbor wants you to help sell their house, but wants it listed now Can you help?
63. How long is a real estate license good if you are inactive?
64. How many classroom hours are required every two years to keep the license active?