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, 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?

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

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?

Oregon advertising must include:

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

Wisconsin advertising regulations require all real estate ads to include:

Wisconsin's regulation of real estate teams requires:

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

Missouri advertising requirements mandate:

Hawaii advertising must include:

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

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

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

Alabama advertising requirements mandate:

Indiana advertising requirements mandate that all real estate ads include:

Kansas advertising requirements mandate:

Nevada advertising must include:

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

A Kentucky licensee's advertisement must include:

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?

A mortgage company runs a thirty-second radio spot saying 'Buy your dream home today with only $5,000 down!' That single specific dollar figure activates a federal disclosure requirement: the spot must now also disclose APR, the loan term, and other required credit details. Had the company instead said 'low down payment options available' — a general phrase with no specific number — no additional disclosures would have been required. The federal scheme is built around specific words and figures that, when used, force the full credit picture into the ad. What are those specific words and figures called under Regulation Z?

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?

All of the following are advertising-regulation concepts EXCEPT

The 'Smith Home Team,' a sales unit working under the supervising broker ABC Realty, places a Facebook ad showcasing one of its luxury listings. The ad prominently features the team's logo, the lead agent's photograph, and the team's tagline. State licensing law, however, requires that any ad placed by the team must also display ABC Realty's name as the supervising broker. If the team omits ABC Realty's identification, both the team and ABC Realty face regulatory exposure — even though the team's own branding is otherwise accurate. Which advertising rule did the regulator apply when reviewing the ad?

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 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 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 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 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?

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 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?

Which item is NOT generally acceptable in a real-estate ad if it creates a misleading impression about who is advertising?

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?

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 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?

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 lender advertises '0% down payment on VA loans.' Because this ad names a specific down-payment amount, which Regulation Z requirement is triggered?

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

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

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

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

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?

In Vermont, a broker wants several small for-sale signs on the same premises. Which statement is correct?

A Vermont licensee is asked about a broker wants to place a real estate sale sign away from the listed parcel for better visibility. What is the best answer?

A Vermont listing agent wants to use a real estate sale sign on the listed parcel. Under Vermont sign law, what is the maximum area for a sign advertising the sale or lease of real estate by an owner or agent?

For the Vermont salesperson state exam, how should a candidate treat a broker wants to place a real estate sale sign away from the listed parcel for better visibility?

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

In Vermont, an on-premises sign is placed far from the main highway entrance to the advertised activity. Which statement is correct?

For the Vermont salesperson state exam, how should a candidate treat a sale is under contract and the broker wants to add a status rider?

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 advertisement includes a salesperson name, team name, and brokerage name. What is the best answer?

Under Iowa real estate advertising rules, which of the following must be included in all licensee advertisements?

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

Under Idaho license law, all real estate advertising by a licensee must include:

In Vermont, a licensee advertises a property exclusively listed with another brokerage firm. Which statement is correct?

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, an advertisement includes a salesperson name, team name, and brokerage name. Which statement is correct?

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 brokerage prepares Vermont advertising. Which statement is correct?

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

ND advertising 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?

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

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

A Nebraska salesperson is asked about a licensee intentionally uses materially misleading advertising. What is the best answer?

In Nebraska, a Nebraska licensee prepares a public advertisement for real estate services. Which statement is correct?

Wyoming advertising must include:

Under Nebraska real estate license law, all advertising by a licensee must include which of the following?

In New Mexico, a brokerage advertises real estate services or property for others. Which statement is correct?

For the New Mexico state exam, how should a candidate analyze a brokerage advertises real estate services or property for others?

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

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

A Rhode Island principal broker reviews an ad includes both a brokerage name and a salesperson name. Which answer follows Rhode Island law?

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

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

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

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

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

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

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

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

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

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

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 broker tells a prospective seller, 'Our commission is 6%, and it's fully negotiable -- that's the rate our brokerage has chosen independently.' Which statement BEST describes why this approach is acceptable under antitrust law?

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?

Antitrust violations:

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?

A group of brokers at a conference complain about a new online brokerage that offers deeply discounted commission rates. They agree among themselves that none of their firms will show that online brokerage's listings. What is the MOST serious antitrust violation?

An MLS requires all participating brokers to offer a minimum cooperating broker compensation of 2.5% or the listing will not be accepted into the system. What antitrust concern does this policy raise?

A property management company requires all tenants to purchase renter's insurance through the company's own affiliated insurance agency. What antitrust issue could this create?

Three of the largest brokerages in a city meet privately and reach a quiet understanding: none of them will cooperate with a new discount brokerage that charges only 1% commission. They agree among themselves to refuse to show that firm's listings and to discourage their seller clients from listing with it. Their goal is to push the discount firm out of the market without competing on price. The arrangement is collective — three competitors aligning their behavior toward one specific market participant. Which type of antitrust violation does their coordinated conduct represent?

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?

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

Which of the following activities by competing brokers would constitute an antitrust violation?

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?

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

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

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

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

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?

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

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

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:

Multiple offers on a Vermont listing must be:

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?

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?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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:

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

A salesperson in Vermont must work under:

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

Associate works under:

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

Multiple offers must be:

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

Multiple offers:

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

Multiple offers must be:

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?

Salesperson works under:

For the New Mexico state exam, how should a candidate analyze an associate broker drafts advertising and transaction documents?

A South Dakota real estate salesperson must work under:

In New Mexico, NMREC evaluates whether a qualifying broker adequately supervised an associate broker. Which statement is correct?

A New Mexico broker asks about a qualifying broker supervises a brokerage office. What is the best answer?

A Rhode Island principal broker reviews brokerage escrow funds are being disbursed or used. Which answer follows Rhode Island law?

Salesperson works under:

In Alaska, a real estate salesperson or associate broker must work under the supervision of whom?

In Delaware, a salesperson licensee working under a sponsoring broker must be:

Which Rhode Island rule applies when a brokerage uses non-licensed employees?