Chapter 27

License law and brokerage practice

Who needs a license, who supervises whom, and what a brokerage may not do

Who needs a real estate license, how brokers and salespersons work together, trust accounts, commingling and conversion, grounds for discipline, commissions and antitrust, with a 3D month as managing broker.

1. 27.1
   Who needs a licenseFor another, for pay, in a real estate transaction
2. 27.2
   Broker and salespersonEverything runs through the broker
3. 27.3
   Other people's moneyTrust account, commingling, conversion
4. 27.4
   Grounds for disciplineWhat costs a license
5. 27.5
   Commissions and antitrustNegotiable, and never agreed with a competitor
6. 27.6
   A month as managing brokerEvery decision goes on the firm's record

1 interactive 3D scene · 0 slider tasks · 3 practice sets · 17 questions