Chp. 2 Quiz - License Law Rules and Regulations Flashcards
The fee for changing a broker’s name or status is ______, except if the change is made on the renewal application.
$155
What is the form called that nonresident brokers must submit that allows them to be sued in NY State?
Irrevocable consent form
A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
broker
Which of the following is NOT required for a broker from Rhode Island to legally practice real estate in New York?
Reciprocity agreement
Brokers may share compensation with any of the following licensed persons except?
Certified residential appraisers
How many hours of continuing education credit will a licensee receive for teaching an approved real estate course?
2 hours for each teaching hour
When did New York begin to require home inspectors to be licensed
2005
How can a broker from Connecticut legally practice real estate in New York?
Through reciprocity
When a licensee terminates his or her association with a firm, which statement is true?
The licensee must turn over any and all listing information he or she obtained during the association.
If a broker changes his or her business address and does not notify the DOS, what can happen?
The broker’s license can be suspended.
If a broker changes his or her business address,
The broker must pay a $10 change of address filing fee to the DOS for each licensee affiliated with the broker.
Which of the following is required of an apartment information vendor?
Pay a $400 licensure fee
How often must a licensee renew his or her license?
Every two years
To avoid consumer confusion a business card must include all of the following information except?
The brokers social security number.
How many continuing education credit hours does a licensee receive for completing a course in Sales Psychology?
None
