An application for a real estate license may be refused for all of the following
reasons except:
Detailed Answer
C
2
What will happen to a real estate licensee if the Real Estate Recovery Fund
has to make a payment in response to a claim made against that licensee?
Detailed Answer
B
3
A real estate license may be suspended for a maximum of:
Detailed Answer
D
4
What are the penalties for a first degree misdemeanor?
Detailed Answer
C
5
Which of the following is a first degree misdemeanor?
Detailed Answer
C
6
Alice obtains a $79,000 judgment against Broker Derek and is unable to
collect any money on the judgment. If she applies to the Real Estate Recovery Fund,
how much money will she receive?
Detailed Answer
A
7
A complaint is legally sufficient if it contains any violation of a:
Detailed Answer
D
8
Which step comes after the filing of a complaint?
Detailed Answer
A
9
If annual income of a commercial property is $80,000 and the sales price is
$680,000, what is the Gross Income Multiplier?
Detailed Answer
C
10
If the net operating income of a rental property is $50,000 and the overall
capitalization rate is 9%, what is the value of the property (round to the nearest
$100)?