An applicant unhappy with the final outcome of the hearing process can do what?
May request a judicial review by a superior court


When the Commission enters into a contract with someone to assist in examining a broker's trust account, what must happen?
The contractor must be supervised by the Commission


Who retains custody of an affiliated licensee's license?
The broker for whom the licensee works for


What is the procedure for an applicant with a disability to ensure proper accommodation at the examination site?
Submit a written request, with documentation, to the Commission office by the application deadline


In applying for a real estate license, a person who has been sanctioned by another licensing authority must do what?
Provide the Commission with a copy of any final order issued by the authority


Is a licensee permitted to leave her employing broker to go join another broker?
Yes


If an applicant requests a hearing after the Commission has refused a license, where will the hearing be held?
In the county of domicile of the Commission


The Commission must be notified in writing by the former broker that the wall license has been moved. Within how many days of a licensee's move must this notification be made?
30

The commission has the authority, under statutory law, to take disciplinary actions for any violation of the license law. If fined, what is the max amount allowed by law for a single violation?
$1,000


Every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction is known as what?
Agency

 

What type of body is the commission?
The commission is an administrative body


A licensee who acts on behalf of a broker is what?
Associate broker


A person who collects rents is considered a broker if what is done?
The person receives a fee or commission for doing so


How many Real Estate Commission licensee member terms expire each year?
1


What is the role of the commission?
To protect the public from harmful acts of licensees, and to create a regulatory environment for the real estate industry

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!
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