Real Estate License Law Qualifications Flashcards
1
Q
FREC has mutual recognition with which 8 states?
A
Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska, Rhode Island.
2
Q
5 Requirements for Sales Associate license?
A
18yrs old, HS Diploma, SSN; Be Honest, trustworthy, truthful & be competent & qualified to make real estate transactions & conduct negotiation with safety to investors and others.
3
Q
What do 100 questions on exam consist of?
A
45 on principal & practices, 45 on real estate law, 10 math questions.
4
Q
8 Services of Real Estate?
A
Advertise, Buy, Appraise, Rent, Sell, Auction, Lease, Exchange.
5
Q
Which 4 people are exempt from having real estate license?
A
Property owners, Salaried employee of business entity, selling cemetery lots, attorney-client relationship.
