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Question 1 of 19
1. Question
A state statute that governs the licensing and business practices of real estate agents
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Question 2 of 19
2. Question
A person who is licensed to represent others for compensation in real estate transactions
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Question 3 of 19
3. Question
A broker who works for another broker.
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Question 4 of 19
4. Question
A person who is licensed to work for and represent a broker in real estate transactions
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Question 5 of 19
5. Question
Any real estate licensee who works for a broker, whether licensed as a broker, associate broker, or salesperson
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Question 6 of 19
6. Question
Legal action taken by the director of the real estate licensing agency against a licensee for violations of the license law, which may lead to license suspension or revocation
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Question 7 of 19
7. Question
In some states, an account funded by license fees that is used to compensate members of the public injured by the unlawful acts of a real estate licensee, when they can’t collect a judgment from the licensee
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Question 8 of 19
8. Question
Funds held by a broker on behalf of clients or customers
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Question 9 of 19
9. Question
Mixing trust funds together with a broker’s personal funds or general business funds
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Question 10 of 19
10. Question
A bank account used to keep trust funds segregated from the broker’s personal funds and general business funds
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Question 11 of 19
11. Question
When a real estate licensee takes trust funds and uses them for her own purposes
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Question 12 of 19
12. Question
An advertisement placed by a licensee that fails to disclose the name of the licensee’s broker and/or fails to indicate that the ad was placed by a real estate agent
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Question 13 of 19
13. Question
A prize, gift, or rebate used to encourage a member of the public to attend a sales presentation
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Question 14 of 19
14. Question
The cooperative setting of prices by competing firms
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Question 15 of 19
15. Question
An agreement between two or more real estate brokers to exclude other brokers from fair participation in real estate activities
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Question 16 of 19
16. Question
An agreement to sell one product only on the condition that the buyer also purchases a different product
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Question 17 of 19
17. Question
An agreement between broker not compete with each other in certain areas or markets
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Question 18 of 19
18. Question
Match the following words to their correct definition
Sort elements
- conversion
- blind ad
- Inducement
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When a real estate licensee takes trust funds and uses them for her own purposes
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An advertisement placed by a licensee that fails to disclose the name of the licensee's broker and/or fails to indicate that the ad was placed by a real estate agent
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A prize, gift, or rebate used to encourage a member of the public to attend a sales presentation
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Question 19 of 19
19. Question
Match the following words to their correct definitions
Sort elements
- price fixing
- group boycott
- tie-in arrangement
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The cooperative setting of prices by competing firms
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An agreement between two or more real estate brokers to exclude other brokers from fair participation in real estate activities
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An agreement to sell one product only on the condition that the buyer also purchases a different product
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