Sales associates may be licensed under a
Broker or older employer such as a developer
What are the licensing in registering requirements for brokers and owner employers
Brokers are registered and licensed owner employers are registered but not licensed
What post license education most all sales associates complete
45 hour post license course prior to the expiration date on their initial license.
What is the penalty for sales associates who do not complete the post license education
Failure to complete the required course prior to the Expiration of the initial license will cause the listens to become void in the licensee will be out of business
What is a broker associate
The broker associate is a person who has the brokers license but chooses to continue employment in a sales associate position with current employer
A B A R S A L E
A - appraising B - Buying A- Auctioning R - Renting S - Selling A - Advertising L - Leasing E - Exchanging
What is it attorney in fact
In attorney in fact is the person granted authority under a power of attorney to act for others in some capacity such as signing documents
What is an attorney at law
In attorney at law may perform legal services on behalf of their clients
What are the three diffrent types of corperations?
1 - Disposable
2 - Holding
3 - For Others
When employed by and licensed under a Broker, a sales associate or
broker associate acts as the brokers ________?
Agent in performing the services of real estate
What is an owner employer?
An owner employeris an individual or company that is in the buisness of
buying, owning and or developing real estate. The owner employer is regisetered with the Department bu recives no real estate license.
A sales associate fails to complete the required post license education prior
to renewal. What is the status of his license?
Registration of an aactive sales associate with the department refers to what three things?
Keeping on record the sales associates
buisness address of his employing broker
A broker associate is?
A broker employed as a sales associate