1. A sales agent wants to obtain his/her broker license. In order to accomplish this the sales agent must:
A. Take an additional 120 hours of education approved by the state and pass an approved test
B. Have earned 60 points within the last five years.
C. Have a minimum of at least three full years’ experience in the real estate business
D. All of the above
2. What type of agent is a property manager usually considered a:
A. General agent
B. Special agent
C. Subagent
D. Limited agent
3. A monthly statement that details the financial status of the property for the owner is:
A. Budget Comparison Statement
B. Profit and loss statement
C. Cash flow report
D. Financial report
4. It is unlawful for a person that is licensed or required to be licensed to:
A. To represent both the buyer and the seller in the same transaction
B. To breach a fiduciary duty owned by the licensee to their principal
C. Only represent one party in the transaction
D. To only received compensation from their principal broker