Which illegal act may lead to a real estate salesperson losing his her license?

Code of the District of Columbia

(a) Whenever a real estate broker’s license has been suspended or revoked pursuant to this subchapter, all real estate salespersons employed by that real estate broker must mail their licenses to the Mayor within 15 days of the revocation or suspension. It shall be unlawful for the real estate salesperson to perform any of the acts specified in this subchapter from the date of revocation or suspension until he or she has been reemployed and a license has been reissued to him or her by the Mayor.

(b) When a real estate salesperson is discharged or terminates his or her employment with a licensee, the licensee, within 15 calendar days, shall mail notification to the former employee that his or her license has been mailed to the Mayor. A copy of the notice to the real estate salesperson shall accompany the license when it is mailed to the Mayor. It shall be unlawful for any real estate salesperson to perform any of the acts specified in this subchapter, under authority of the license issued pursuant to this subchapter, from the date of discharge or termination until the time he or she is employed by another licensee and a license is reissued to him or her by the Mayor.

(c) When a real estate salesperson is discharged by or terminates his employment with a licensee it shall be the duty of the real estate salesperson to notify the Mayor in writing within 15 days. It shall be unlawful for the real estate salesperson to perform any of the acts specified in this statute from the date of discharge or termination until he or she has been employed by another licensee and a license is reissued to him or her by the Mayor.

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Asked by sweetp1490

  1. This law governs the practice of real estate salespersons and brokers...?
  • Article 2 of the NYS Real Property Law
  • Article 9-A of the NYS Real Property Law
  • Article 10-A of the NYS Real Property Law
  • Article 12-A of the NYS Real Property Law
  1. The section of the New York Real Property Law pertaining to real estate salespersons and brokers is known as...?
  • Section 233
  • Article 12-A
  • Article 78 Proceeding
  • Multiple Listing Service
  1. How many hours of continuing education are required by salespersons and brokers...?
  • 22.5
  • 18.5
  • 45
  • 75
  1. Which of the following may NOT lead to a salesperson losing his/her license...?
  • Offering properties for sale without the consent of the owner
  • Operating as a dual agent
  • Not acting in accordance with the anti-discrimination laws
  • Committing an act of fraud
  1. How many hours of course study must an individual take in order to sit for the New York State real estate salespersons exam...?
  • 40
  • 75
  • 22.5
  • 120
  1. Which of the following is a requirement for obtaining a real estate broker's license...?
  • Must be able to read efficiently
  • Must have a college diploma
  • Must be at least 20 years of age
  • Must have a Masters degree in Real Estate
  1. According to Article 12-A of the NYS Real Property Law, which of the following actions requires a real estate license...?
  • Visiting a property on behalf of another
  • Negotiating a commercial loan secured by a mortgage on behalf of another
  • Buying a single family home
  • Reviewing an investment property on behalf of another
  1. Within how many business days does the Department of State require a salesperson to report any changes in name, status, or brokerage firm...?
  • 7
  • 10
  • 15
  • 5
  1. How often must a real estate salesperson renew his/her license...?
  • 4 years
  • 3 years
  • 2 years
  • 1 year
  1. David, a real estate salesperson, was subject to a fine by the Department of State for a material misrepresentation on his license application. David challenged the State's fine through this proceeding...?
  • Article 1 Proceeding
  • Article 12-A Proceeding
  • Article 10 Proceeding
  • Article 78 Proceeding
  1. An appeal brought forth because of a ruling by a government agency is known as...?
  • Article 78 Proceeding
  • Article 12-A
  • Exemption
  • Change of Association
  1. According to Article 12-A of the NYS Real Property Law, which of the following actions does NOT require that an individual have a real estate license...?
  • Collecting rent on behalf of another
  • Negotiating a commercial loan on behalf of another
  • Negotiating a sale on behalf of another
  • Buying real estate as an investment
  1. How many hours of mandatory continuing education must a licensed real estate salesperson complete every two years...?
  • 22.5 hours
  • 16 hours
  • 40 hours
  • 12.5 hours
  1. Who is required to sign the Property Condition Disclosure Statement...?
  • Only the buyer
  • Only the seller
  • Both the buyer and the seller
  • The seller's agent
  1. An examination of a property's condition, usually performed in connection with the property's sale is known as a/an...?
  • Home Inspection
  • Architectural Review
  • Appraisal
  • Environmental Report
  1. Which illegal act may lead to a real estate salesperson losing his/her license...?
  • Commingling of funds
  • Accepting a bonus from their sponsoring broker
  • Operating as a dual agent
  • Earning a commission on a transaction
  1. To mingle or mix funds is known as what...?
  • Escrow
  • Commingling
  • Blending
  • Sponsoring
  1. Any person who, for a fee, arranges, conducts, coordinates, handles or causes meetings between a customer and the current owner or occupant of legally occupied real property, including apartment housing, who wishes to share that housing with one or more individuals is known as a/an...?
  • Real Estate Agent
  • Real Estate Broker
  • Apartment Sharing Agent
  • Apartment Information Vendor
  1. The discontinuance of an agent's relationship with his/her sponsoring broker is known as what...?
  • Suspension
  • Revocation
  • Termination
  • Rescind
  1. A card issued by the Department of State to each licensee is known as a...?
  • NYS ID
  • Real Estate ID
  • Real Estate Card
  • Pocket Card
  1. An individual who is licensed to negotiate and arrange real estate sales is known as a...?
  • Real Estate Salesperson
  • Real Estate Appraiser
  • Mortgage Broker
  • Home Inspector
  1. What discipline may be taken if a salesperson takes a property listing of a broker, after leaving that broker...?
  • No discipline will be taken
  • The salesperson may be fined by the broker
  • The salesperson may have to share his/her commission with the original broker
  • The salesperson may lose his/her license
  1. When is a real estate salesperson required to give notice to the Department of State....?
  • When a salesperson changes sponsors
  • When a salesperson earns a commission
  • When a salesperson completes a transaction
  • When an individual no longer works full time as a salesperson
  1. Which of the following actions by a salesperson may lead to the loss of his/her license...?
  • Not earning a commission in their first year as a salesperson
  • Accepting a bonus from their sponsoring broker
  • Operating as a dual agent
  • Practicing law without being a lawyer
  1. Chris is a real estate broker involved in a residential transaction. When Chris illegally places his client's funds into his personal account, what is he engaged in...?
  • Blending of Funds
  • Commingling of Funds
  • Combining of Funds
  • Escrow
  1. Which of the following is NOT included on a real estate salesperson's pocket card...?
  • Photo
  • Personal Address
  • Name
  • Business Address
  1. According to the Department of State, blind ads are considered what...?
  • Beneficial
  • Good for Business
  • Ethical
  • Illegal
  1. A licensed real estate broker that holds the license of a salesperson is known as what...?
  • Sponsor
  • Manager
  • Associate Broker
  • Employer
  1. Incapable of being recalled or revoked is also referred to as...?
  • Escrow
  • Disclosure
  • Exemption
  • Irrevocable Consent
  1. Which of the following professionals works under and/or for a real estate broker...?
  • Mortgage Broker
  • Real Estate Attorney
  • Mortgage Banker
  • Associate Broker

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Which illegal act may lead to a real estate salesperson losing his her license?

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Which illegal act may lead to a real estate salesperson losing his her license?

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Which illegal act may lead to a real estate salesperson losing his her license?

PNG

Which illegal act may lead to a real estate salesperson losing his her license?

PNG

Which illegal act may lead to a real estate salesperson losing his her license?

PNG

Which illegal act may lead to a real estate salesperson losing his her license?

PNG

Which illegal act may lead to a real estate salesperson losing his her license?

PNG

Which illegal act may lead to a real estate salesperson losing his her license?

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Which NY law allows the DOS to revoke suspend fine or reprimand a real estate broker?

Real Property Law §441-c provides, in part, that the Department of State may revoke, suspend, fine or reprimand a real estate broker or salesperson if that licensee is found to have, among other things, violated any provision of Article 12-A of the Real Property Law, engaged in fraud or fraudulent practices, or ...

What are the consequences when a real estate salesperson is found guilty of violating any provision of the Pennsylvania Human Relations Act?

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Which of the following must an applicant bring with them when taking the New York State real estate Salespersons exam?

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How much time is given to complete the New York State real estate Salespersons exam?

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