Podcast
Questions and Answers
How long must a broker keep bank deposit slips according to documentation requirements?
How long must a broker keep bank deposit slips according to documentation requirements?
- 2 years
- 3 years (correct)
- 4 years
- 1 year
What must be included in an advertisement published by a real estate agent?
What must be included in an advertisement published by a real estate agent?
- Licensee's address
- Licensee's designation (correct)
- Licensee's educational background
- Licensee's social security number
According to the DRE, what is the minimum duration a broker-salesperson agreement must be retained after the relationship is terminated?
According to the DRE, what is the minimum duration a broker-salesperson agreement must be retained after the relationship is terminated?
- 4 years
- 3 years (correct)
- 1 year
- 2 years
What are the consequences of false advertising and other advertising law violations?
What are the consequences of false advertising and other advertising law violations?
What is required in an advertisement if it is published by a real estate agent?
What is required in an advertisement if it is published by a real estate agent?
When should trust funds be deposited in a trust account?
When should trust funds be deposited in a trust account?
What should a salesperson do when entrusted with trust funds?
What should a salesperson do when entrusted with trust funds?
In what situation can a good faith deposit check be held uncashed?
In what situation can a good faith deposit check be held uncashed?
What is required if a principal gives a check directly to a third party without it passing through the broker's hands?
What is required if a principal gives a check directly to a third party without it passing through the broker's hands?
How should trust accounts be opened?
How should trust accounts be opened?
