Practice of Real Estate

A Nebraska salesperson is asked about an unlicensed person performs one compensated brokerage act for another in Nebraska. What is the best answer?

In New Mexico, an unlicensed person acts as a New Mexico broker for compensation. Which statement is correct?

In Nebraska, an unlicensed person performs one compensated brokerage act for another in Nebraska. Which statement is correct?

For the Nebraska salesperson state exam, how should a candidate treat a candidate identifies activities listed in the Nebraska outline as requiring a real estate license?

A New Mexico broker asks about an unlicensed person acts as a New Mexico broker for compensation. What is the best answer?

In Nebraska, a candidate identifies activities listed in the Nebraska outline as requiring a real estate license. Which statement is correct?

A Nebraska salesperson is asked about a candidate identifies activities listed in the Nebraska outline as requiring a real estate license. What is the best answer?

Oregon advertising must include:

A Kentucky licensee's advertisement must include:

Kansas advertising requirements mandate:

Wisconsin advertising regulations require all real estate ads to include:

Nevada advertising must include:

A Louisiana licensee encounters a licensee uses advertising that is misleading or inaccurate. What should the licensee remember?

Alabama advertising requirements mandate:

A broker in Alaska asks a salesperson about a licensee prepares a public advertisement for real estate. Which answer follows Alaska law?

Indiana advertising requirements mandate that all real estate ads include:

Hawaii advertising must include:

The minimum requirement for real estate professional advertising is:

Under SC real estate advertising rules, all advertising by a licensee must include:

Missouri advertising requirements mandate:

Louisiana's advertising requirements mandate that all real estate ads include:

Which Alaska rule applies when a licensee wants to advertise property for sale, lease, or rent?

Under NH real estate licensing rules, what must all real estate advertising include?

Wisconsin's regulation of real estate teams requires:

According to EBR (Established Business Relationship) rules, how long can agents call expired listing clients?

A broker's website advertisement for a residential property states '3.5% down, 360 monthly payments of $1,875.' Under Regulation Z, what additional disclosure is now triggered?

A licensee posts an online listing ad but leaves out the brokerage name and gives the impression the property is for sale by owner. What kind of ad is this?

An agent tells a seller that the listing ad will say 'Won't last long -- priced below market!' The seller asks whether this constitutes illegal advertising. What is the BEST answer?

A broker's ad states that a property has '4 bedrooms and a newly renovated kitchen.' In reality, the kitchen renovation was cosmetic paint only and the plumbing and electrical remain original. This ad MOST likely violates which advertising principle?

A broker advertises a property and states that the seller will pay $5,000 toward the buyer's closing costs. The ad also includes the monthly payment amount. Under Regulation Z, the broker must now also include which of the following?

All of the following can trigger extra federal credit-ad disclosures EXCEPT

A real estate team called 'The Premier Group' places an Instagram ad for a listing. The ad shows the team name and logo but does not mention the brokerage with which the team is affiliated. Which advertising violation has occurred?

A mortgage lender's newspaper ad reads 'Low interest rates available!' without mentioning any specific rate, payment amount, or down payment. Does this ad trigger Regulation Z disclosure requirements?

The 'Smith Home Team' operates under supervising broker ABC Realty. The team places a Facebook ad for one of its listings featuring only the team's logo, the team's tagline and the lead agent's photograph. Under real estate advertising rules, what is the defect in the ad?

A licensee runs a Facebook ad that says 'Charming 3-bedroom home, great schools nearby.' No credit terms or brokerage name appears. Which advertising issue is MOST clearly present?

A mortgage ad includes a monthly payment amount. What disclosure must the advertiser generally be prepared to add under federal credit-ad rules?

A sales team uses a team name in social media ads, but the ad still must clearly identify the supervising brokerage as required. What advertising concept is involved?

A brokerage runs a classified ad describing one of its listings and giving only an agent's cell phone number; the brokerage's name appears nowhere in the ad. What is this prohibited practice called?

A broker prepares an online ad for a listing and makes sure the ad is accurate, not deceptive, and properly identifies the brokerage. What principle is the broker following?

A new agent creates a social media post about a listing but only includes the agent's personal name without mentioning the brokerage. A colleague warns that the post could violate advertising rules. Why is the colleague concerned?

A mortgage ad states 'Only 5% down and payments from $1,950 per month.' Which advertising concept explains why extra federal credit disclosures are now required?

All of the following are advertising-regulation concepts EXCEPT

An agent describes a property in an ad as 'the best home in the city with guaranteed appreciation.' The first part of that statement is opinion, while the second part is a factual claim. Which advertising concept distinguishes between the two?

A lender's radio spot says, 'Buy now with only 5 percent down, 360 payments of $1,450.' Because the ad states specific credit terms, which Regulation Z requirement is triggered?

A mortgage company's newspaper ad reads, 'Buy your dream home today with only $5,000 down!' What does Regulation Z require of that ad?

Under Utah law, what is required for a licensee to advertise real estate services on social media?

In Vermont, a broker wants to place a real estate sale sign away from the listed parcel for better visibility. Which statement is correct?

A Vermont licensee is asked about a sale is under contract and the broker wants to add a status rider. What is the best answer?

A Vermont licensee is asked about a licensee asks what counts as advertising. What is the best answer?

For the Vermont salesperson state exam, how should a candidate treat a Vermont listing agent orders a real estate sale sign?

A Vermont licensee is asked about a Vermont listing agent orders a real estate sale sign. What is the best answer?

Vermont advertising rules require:

Under Vermont 10 V.S.A. Section 493, where may a real estate broker place a for-sale sign advertising a listed property?

NM advertising must include:

A Vermont licensee is asked about a broker wants several small for-sale signs on the same premises. What is the best answer?

In Vermont, a brokerage prepares Vermont advertising. Which statement is correct?

A Vermont licensee is asked about a broker wants to paint a for-sale notice on a roadside boulder or tree. What is the best answer?

A Vermont licensee is asked about an advertisement includes a salesperson name, team name, and brokerage name. What is the best answer?

A Vermont licensee is asked about a brokerage prepares Vermont advertising. What is the best answer?

For the Vermont salesperson state exam, how should a candidate treat an on-premises sign is placed far from the main highway entrance to the advertised activity?

In Vermont, a Vermont licensee advertises property the licensee personally owns. Which statement is correct?

In Vermont, a broker wants to paint a for-sale notice on a roadside boulder or tree. Which statement is correct?

A Vermont licensee is asked about an on-premises sign is placed far from the main highway entrance to the advertised activity. What is the best answer?

For the Vermont salesperson state exam, how should a candidate treat a broker wants several small for-sale signs on the same premises?

In Vermont, a sale is under contract and the broker wants to add a status rider. Which statement is correct?

According to Vermont sign law, may a broker attach a rider to a for-sale sign stating "sale pending" or "sale under contract"?

A Nebraska salesperson is asked about a Nebraska licensee prepares a public advertisement for real estate services. What is the best answer?

A Rhode Island salesperson asks about a salesperson prints a business card. What is the best answer?

All West Virginia real estate advertising must include:

In Nebraska, a licensee intentionally uses materially misleading advertising. Which statement is correct?

ND advertising must include:

A Nebraska salesperson is asked about a team advertisement uses a team name and affiliated licensee name. What is the best answer?

A South Dakota real estate agent who advertises a property must include:

In Rhode Island, a licensee advertises another person’s property as though it is being offered by a private party. Which statement is correct?

A New Mexico broker asks about a broker advertises real property the broker owns or partially owns. What is the best answer?

A New Mexico broker asks about a brokerage advertises real estate services or property for others. What is the best answer?

Wyoming advertising must include:

A Rhode Island licensee encounters an advertisement states down payment, monthly carrying charges, taxes, or mortgage-money amounts. What should the licensee remember?

Under Delaware real estate advertising rules, all advertisements by a licensee must include:

Montana advertising rules require that all real estate advertisements include the:

In New Mexico, a broker advertises real property the broker owns or partially owns. Which statement is correct?

In Rhode Island, a licensee advertises residential real property for sale, exchange, or rental. Which statement is correct?

Which Rhode Island rule applies when a licensee or team advertises real estate services?

Under Alaska real estate advertising rules, what must all real estate advertisements placed by a licensee include?

Under Rhode Island license law, what must be included in all real estate advertising by a licensee?

For the Rhode Island state portion, how should a candidate analyze a licensee publishes a property advertisement?

A Rhode Island salesperson asks about a buyer or seller must receive Rhode Island agency relationship information. What is the best answer?

A South Dakota real estate agent discovers that their client plans to use a property for illegal purposes. The agent should:

A West Virginia agent discovers their client intends to use the property for illegal drug manufacturing. The agent should:

An agent discovers that a client intends to use a property for an illegal purpose. The agent should:

Nebraska's greenbelt (agricultural land special valuation) provision means:

Two competing brokerages agree that each will refer commercial clients to the other and neither will compete for the other's commercial customers. What is this an example of?

Several established brokerages agree among themselves to refuse any cooperation with a newly opened flat-fee listing service. What antitrust violation has occurred?

Which practice is NOT a lawful way for competitors to handle commission decisions?

The Sherman Antitrust Act provides for which type of damages when a violation is proven in a private lawsuit?

Brokers from several firms informally agree over dinner that they will no longer offer buyer rebates in their market. What type of antitrust violation is this?

Several competing brokers agree that none of them will charge less than 6% on residential listings. What antitrust violation does this describe?

Two brokerages agree that one will take only the north side of town and the other will take only the south side. What antitrust violation is this?

A brokerage requires all its buyers to use the firm's affiliated title company as a condition of representation. No other title company may be used. What antitrust concern does this raise?

Several brokerages agree not to show listings offered by a discount firm in order to pressure it to raise prices. What antitrust violation does this describe?

In New Mexico, someone says NMREC sets maximum brokerage commission rates. Which statement is correct?

At a local real estate association meeting, two competing brokers discuss how they each independently set their commission rates. One broker mentions a 5% rate and the other charges 6%. Neither agrees to match the other's rate. Has an antitrust violation occurred?

All of the following are classic antitrust violations in real estate brokerage EXCEPT

Three of the largest brokerages in a city meet privately and agree that none of them will cooperate with a new discount brokerage that charges a 1% commission. They will refuse to show that firm's listings and will discourage their seller clients from listing with it. Which type of antitrust violation does their conduct represent?

Antitrust violations in Wyoming include:

Antitrust laws prohibit West Virginia brokerages from:

In South Dakota, antitrust laws prohibit real estate brokerages from:

In a brokerage workshop in Charlotte, a case study involving Cameron Lopez and Skyler Simmons matches the following definition: An antitrust violation in which competitors agree not to deal with a particular person or business. Which term best fits the case study?

A New Mexico broker asks about someone says NMREC sets maximum brokerage commission rates. What is the best answer?

Which of the following activities by competing real estate brokers would most likely constitute an antitrust violation?

Which of the following activities by competing real estate brokers would constitute an antitrust violation under the Sherman Antitrust Act?

Which South Dakota licensing rule applies when a candidate passes the required South Dakota examination and delays filing the license application?

Alabama timber land appraisal should consider:

For the Montana state exam under The Real Estate Licensing Agency's Powers, the Montana Board of Realty Regulation is investigating a complaint and needs testimony and transaction documents. What is the best answer?

A Montana license-law question asks about a Montana licensee is found to have committed unprofessional conduct. Which statement matches the Board's authority?

For the Utah state salesperson exam under Real Estate Office Procedures, a principal broker wants to conduct Utah real estate business from a brokerage office other than the main office. What is the best answer?

Multiple offers on a Vermont listing must be:

Multiple offers:

When a listing broker receives multiple offers on a property, the broker's duty is to:

A prospective Utah broker applicant has completed 3 years as a licensed sales agent. What additional education requirement must they meet to qualify for a broker license?

A licensee in Iowa encounters a designated broker claims ignorance of brokerage staff activity. What should the licensee remember?

An Iowa salesperson asks about a broker classifies salespersons as independent contractors. What is the best answer?

A licensee in Iowa encounters a new Iowa licensee joins a brokerage. What should the licensee remember?

Which Iowa rule applies when a brokerage relies on written operating standards?

In Iowa, a broker supervises licensed and unlicensed workers. Which statement is correct?

For the Iowa state portion, how should a candidate analyze a salesperson conducts activity on behalf of the broker?

An Iowa salesperson asks about a brokerage prepares CMAs, listing contracts, sales contracts, and client information. What is the best answer?

An Iowa broker reviews a brokerage has many licensees and few supervisors. Which answer follows Iowa law?

An Iowa broker reviews the Commission evaluates designated broker supervision. Which answer follows Iowa law?

An Iowa broker reviews a buyer or seller asks for transaction status after an accepted offer. Which answer follows Iowa law?

For the Iowa state portion, how should a candidate analyze the Commission looks at brokerage communication routines?

Which Iowa rule applies when a broker sponsors a salesperson during the salesperson’s first year of licensure?

In Iowa, a brokerage receives regulatory information about real estate practice. Which statement is correct?

For the Missouri salesperson state portion under Licenses, a Missouri salesperson asks whether the license can be held under two brokers at the same time. Which statement is correct?

In Iowa, a real estate salesperson must work under the supervision of:

A Vermont licensee is asked about a licensee under a broker commits unprofessional conduct. What is the best answer?

In Mississippi, a salesperson who works under a licensed broker must be:

A salesperson in Vermont must work under:

In Vermont, a salesperson performs brokerage services in a Vermont office. Which statement is correct?

Associate works under:

A Vermont licensee is asked about a licensee wants to associate with multiple registered brokerage firms. What is the best answer?

A Vermont licensee is asked about a salesperson performs brokerage services in a Vermont office. What is the best answer?

In Idaho, a salesperson who holds a real estate license must:

In Vermont, a licensee wants to associate with multiple registered brokerage firms. Which statement is correct?

In Vermont, a licensee under a broker commits unprofessional conduct. Which statement is correct?

A West Virginia broker receives multiple offers. The broker should:

Which of the following best describes a Maine listing broker's obligation regarding offers received on a listed property?

Multiple offers must be:

When a listing agent receives multiple offers on a property, what is their primary duty to the seller?

Multiple offers must be:

A South Dakota broker receives multiple offers on a listing. The broker should:

Multiple offers:

A New Mexico broker asks about NMREC evaluates whether a qualifying broker adequately supervised an associate broker. What is the best answer?

A South Dakota real estate salesperson must work under:

A Rhode Island salesperson asks about an affiliated licensee participates in a real estate transaction. What is the best answer?

In New Mexico, an associate broker drafts advertising and transaction documents. Which statement is correct?

In West Virginia, a salesperson must work under:

A Rhode Island licensee encounters a renewal term begins for licensees affiliated with a brokerage. What should the licensee remember?

A West Virginia salesperson is asked about a salesperson leaves one broker and wants to work under a different broker. What is the best answer?

In West Virginia, a West Virginia broker maintains a main office. Which statement is correct?