FlexiQuiz - Mastering Real Estate Principles, Eighth Edition

Before a real estate license can be suspended or revoked, the salesperson or broker is usually entitled to

representation by the state’s attorneys in court.

a hearing before the licensing authority.

a hearing in the local federal court.

a probation period.

What best describes the primary purpose for states to pass real estate licensing laws?

To protect the public from unqualified or dishonest licensees

To raise revenue for the state through licensing fees

To ensure an adequate number of real estate salespeople are available

To attract new people to the real estate profession

A licensed salesperson in a real estate transaction represents

the buyer in the transaction.

both the buyer and seller’s broker.

only the broker for whom he or she works.

the seller in the transaction.

When an employing broker’s real estate license is suspended or revoked, salespeople working for the broker

must stop listing and selling property.

lose their licenses.

must obtain their own broker’s licenses.

may continue their selling activities.

Mastering Real Estate Principles, Eighth Edition - Unit 16