In a real estate transaction, who has the responsibility for filling out the pro
ID: 395224 • Letter: I
Question
In a real estate transaction, who has the responsibility for filling out the property condition disclosure statement?
The appraiser
The seller
The seller's broker
The home inspector
After an investigation, a broker is found to have violated the license law. What is the maximum scheduled fine the Commission can impose for each violation?
$1,000.00
$3,000.00
$4,000.00
$5,000.00
When Karen tried to renew her affiliate broker license, she realized she was short on her required CE hours. Six months later, she wants to reinstate her license. She must now
complete the required hours and pay a $200 late fee.
complete the post-license education for a broker’s license because an affiliate license is not renewable.
complete the required hours, pay the required late fee and retake the licensing exam.
agree to complete the education requirements and pay the renewal fee plus penalties for each month she is late.
Explanation / Answer
Answer
1) seller
2)$ 5000
3) agree to complete the education requirements and pay the renewal fee plus penalties for each month she is late.
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