Sponsor broker Study guides, Class notes & Summaries
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SIE: Regulations (FINRA Rules) Exam Questions and Answers Top Graded 2024
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What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? - SEC 
 
Both FINRA and the Securities and Exchange Commission (SEC) regulate and have enforcement capability over the U.S. securities markets and market participants. However, the SEC is a government agency, while FINRA is an SRO - a self-regulatory organization under SEC oversight. 
 
The Municipal Securities Rulemaking Board is another SRO that creates rules for municipal market participants, b...
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Real Estate Broker License Exam Key Concepts (IL) Study Guide Graded A 2024
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Identify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" 
 
List the Categories of real property. - (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose 
 
List the factors that affect supply in the real estate market. - (1) Labor force costs, (2) Construction costs, (3) Governmen...
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Real Estate U Final Exam 2023/2024 with 100% correct answers
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Article 12-A of the NYS Real Property Law - correct answer The section of the New York Real Property Law 
pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor - correct answer A licensed real estate broker that holds the license of a salesperson. 
 
"Summary of Your Submission" - correct answer Obtained after your register ...
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Real Estate U Final Exam Questions and Answers 2023/2024 Latest Update.
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Real Estate U Final Exam Questions and Answers 2023/2024 Latest Update. 
Article 12-A of the NYS Real Property Law - The section of the New York Real Property 
Law pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
Sponsor - A licensed real estate broker that holds the license of a salesperson. 
"Summary of Your Submission" - Obtained aft...
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Illinois Real Estate Exam Practice for Broker's License | 260 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 27 Pages
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In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate 
Professions) 
How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By 
the governor 
What is the name given to the Illinois license laws under which brokers and salespeople practice? - 
Real Estate License Act of 2000 
After May 1, 2011, the new license categories are: - Managing Broker and Broker 
After April 30, 2012, as an alternative to passing the prof...
And that's how you make extra money
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Real Estate U Final Exam 2023/2024 with 100% correct answers
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Article 12 A - correct answer NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . 
 
Sponsor - correct answer Broker that holds salesperson license 
 
Summary of Submission - correct answer Paper you get after registering for NYS test. Bring to tes with you 
 
Misedemanor - correct answer Crime with no more than 1 year prison or $1,000 fine 
 
Listing Agreement - correct answer Agreement between salesperson and property owner, ...
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 
1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead - Answer ️️ --B: Salesperson can accept compensation 
only from their sponsoring broker. 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. - Answer ️️ -C. As of July 1,2008 to become a broker you must be 20 years old. 
3-Which of the following acts w...
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 
 
1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead 
-B: Salesperson can accept compensation only from their sponsoring broker. 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. 
C. As of July 1,2008 to become a broker you must be 20 years old. 
3-Which of the following acts would require a real estate lice...
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Real Estate U Final Exam Correct 100%
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Article 12 A - ANSWER NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . 
 
Sponsor - ANSWER Broker that holds salesperson license 
 
Summary of Submission - ANSWER Paper you get after registering for NYS test. Bring to tes with you 
 
Misedemanor - ANSWER Crime with no more than 1 year prison or $1,000 fine 
 
Listing Agreement - ANSWER Agreement between salesperson and property owner, allowing salesperson to provide services to the ow...
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM questions and answers well illustrated.
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REVIEW QUESTIONS FOR NY REAL 
ESTATE EXAM questions and answers well 
illustrated. 
1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead - correct answers.-B: Salesperson can accept 
compensation only from their sponsoring broker. 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. - correct answers.C. As of July 1,2008 to become a broker you must be 20...
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