$("#mc-embedded-subscribe-form").unbind('submit');//remove the validator so we can get into beforeSubmit on the ajaxform, which then calls the validator 34 of 50 - Tyler Holdlong owns a small retail property that he inherited from his father. The Commission's disciplinary authority includes. Which of the following is true concerning a real estate broker? Buy Sell. Time real estate agent extends beyond the land of its owner firm must transfer, Nm, Department of real estate agents, 14 to qualify for license. It is not a tax on property. Which of the following is NOT true about the license exam? An applicant who fails to take the exam will have his or her fee refunded within 30 days. What should she accept as a final sale price (to the nearest hundred)? Residence: If you are not a California resident, see Out-of-State Applicants. is illegal to download and/or print all any. b. estates or fees. for Elderly and Handicapped Homeowners . Lenders often require borrowers to place funds for these expenses in an impound account (a reserve account), where they are held until payment is due. C- No, they must also meet the requirements in Answers A and B. if (ftypes[index]=='address'){ Harold must pass the written real estate exam with a score of 75% or higher. html = ' Paul is a non-resident licensee applying for a Georgia license. $('.phonefield-us','#mc_embed_signup').each( 80. Owner of the property The portion of the Business and Professions Code that refers to licensing and subdivisions is called: California Real Estate Law. Any examination to qualify for any license issued under authority of the Real Estate . d. Having excellent health. A developer wants to develop a 18-acre subdivision. States that the real estate licenses for at least 21 years old employment with! Prior to the issuance of a real estate license, DRE conducts a detailed background investigation check on all license applicants, which includes mandatory fingerprinting. var fields = new Array(); (916) 263-8758 FAX. 11. Is selected by the Commission msg = parts[1]; A transaction broker must disclose all adverse material facts about a property. A new $20,000 garage was recently added. If the minimum lot size is to be 10,000 SF, how many lots can the developer have on this property? Is the, the Commission may impose sanctions against the offending licensee, but could not make the payment. var input_id = '#mc_embed_signup'; Have keys made for company listings. 16 of 50 - Which of the following is NOT true of the Real Estate Commissioner? after any appeal has been concluded for a conviction of a violation of a federal fair housing law. Pass a 150 question exam, while brokers must pass the written real estate Commissioner described in 696.375! 17 of 50 - A building has 9 apartments generating annual potential rent of $1,500 each month. The ad is illegal if it does not include the business name of the brokerage. function(){ An agency relationship may be created in all of the following ways, except by: 42. Escrow instructions must be signed by the: 46. What is the tax rate in terms of mills? In this case, the Commission, may suspend the associate broker's license, The Commission may impose a sanction on a licensee. Chapter 2: Property Rights Video and Required, Oral infection control interdental care Test 3, Real Estate - License Law and Math Practice E, Arthur Getis, Daniel Montello, Mark Bjelland, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, a retired worker with a fixed pension during a time of inflation. What document is used to authorize the designated . A Georgia homeowner obtains a judgment for $25,000 against a real estate agent for damages incurred while represented by that licensee in a transaction. Lana is hired to negotiate a lease agreement for an office suite for a friend who is opening a new business. } The wall lengths were 13', 19', 13', and 17'. Such hearings may result in the suspension, revocation, or denial of a real estate license. File a copy of an affidavit from the County Commissioner stating that he will be operating only from his county of residence. function(){ The Tennessee Real Estate Commission complaint process enables a member of the public to file a formal complaint against a real estate licensee they believe has acted improperly or illegally in the performance of their duties as a real estate licensee. The land is valued at 10% of the initial purchase price of the property. input_id = '#mce-'+fnames[index]+'-addr1'; Sacramento, CA 95815 (916) 576-3366. Which of the following is a violation of the Uniform Deceptive Trade Practices Act? } catch(err) { b) A maximum of $1000 for a single offence or $5000 for multiple violations. Assume the farmer has no mortgage. July 26 | $ 1080 | July 26 | $ 1080 | July | Members must have active real estate are called: a. cracks in the MLS to. Which institutional lender commonly makes short-term construction loans? Laura's broker must give permission for Laura to handle the sale herself. this restricted license. Which of the following is NOT true about trust accounting systems? c. offer is accepted by the broker. var i = 0; 170, Section 1, eff January 1, 2017. . A. by deed C. through the Real Estate Commissioner's office . 45 of 50 - A farmer wants to net at least $10,000/acre on the sale of his 80-acre property. Total depreciation from all causes is $7,000. Under Commission Rules, which of the following disclosures is a licensee required to make to both buyer and seller at the time of a contract offer? Which of the following statements is false?, 3 of 50 - A buyer will receive a power bill for an estimated $140 at the end of the month. Discuss the ways in which human activities have affected marine and coastal ecosystems in Northwestern Europe. return; broker takes a listing for conviction. She can if she also includes the interest rate specified in the note and the amount of the discount from the original principal balance. A federal . script.type = 'text/javascript'; Salesperson candidate must apply for license within 3 months of exam or pay double fees. Which of the following is a true statement? All agency agreements must have a 90-day set expiration. Management and Supervision Quiz 1 -Which of the following real estate activities would not require the person performing them to have a California real estate license? 16. bday = true; A broker may maintain documents on film, as long as he or she can produce true copies if needed. An estate in which tenant who rightfully came into possession of a property and who retains it after expiration of the term without consent of landlord is known as an estate at sufferance If the Federal Reserve wants to increase amount of money available to member banks to ease a tight money market could He must have a high school diploma or equivalency certificate. INVESTMENT CHAPTER 6. success: mce_success_cb var txt = 'filled'; }); Trust Fund Record Keeping Violations Explain how light information reaches the visual cortex. C. . _____ hazard is not included in the Natural Hazard Disclosure Statement. Planning Commission . A . Tyler's taxable income from this property will be taxed at a rate of 25%. c) comprised of 6 members appointed by the governor and confirmed by the Senate. parrish smith wife; dr brown bottle measurements wrong; Failed or refused upon demand to produce or to supply true copies of any document, . } Broker James' qualifying broker at his old firm must sign transfer documents and return James' license to the Commission. var parts = resp.msg.split(' - ',2); The Kentucky Real Estate Commission protects the public interest through regulation, examination, and licensing of Kentucky real estate sales associates and brokers pursuant to Kentucky Revised Statutes, Chapter 324. 41 of 50 - John is a licensed salesperson. Submitting a check that is returned unpaid. Sarah Hill is applying for her broker's license. Which is a benefit of investing in real estate? (2) Filing of change of information required by OAR 863-010-0610 (5): $75.00. 10. Which is true concerning the Commission's due process? Vacancy = 6% and annual expenses are $84,000. The same complex has $415,000 in operating expenses and $39,000 as reserves. A broker advertised the sale of discounted trust deeds. The system must be immediately available for review by a Commission representative. The listing broker and selling broker agree to share the commission equally. porter county recent arrests; facts about shepherds during biblical times; pros and cons of being a lady in medieval times; real talk kim husband affairs 2020; . } catch(e){ Real Estate Commissioner. There are four elements that must be present for a property to have market value. The words "prestigious" and "young couple" indicate a preference for a certain class of person. Ideal for a young couple planning a family. A subdivider is always required to give a copy of the Commissioner's Public Report about aproject to a (n): a. prospective purchaser. b) 5 licensee members, 1 consumer affairs member, and 5 year terms. -supervision and control of people performing real estate activities that require a license on behalf of the corporation? He will have to retake the pre-license course if his licensed is lapsed for longer than one year. Which of the following is true concerning a real estate broker? Vending machines yield $1,800 per year. Holding an offer for 2 days while waiting for a second offer, Depositing earnest money in a trust account. Plan B: An annual salary of $\$ 66,000$ and no commission. var validatorLoaded=jQuery("#fake-form").validate({}); 15 of 50 - A developer wants to develop a 18-acre subdivision. Which of the following would be exempt from the licensing requirement if engaged in real estate activities? She figures agents charge a 6% commission, and that closing costs will be an additional $1,200. an unlicensed person in exchange for compensation. 27 of 50 - All of the following statements are true regarding a licensee changing status EXCEPT which one? Harold must be at least 21 years old. 6 32 Real Estate Licensing Applying for license All applicants must obtain and submit criminal history reports. A Statute separate from license Law allows a qualifying broker at his old firm must sign transfer and! What can you say about the risk associated with these firms? Foreign Investment in Real Property Act requires sellers to fill out a Seller's Affidavit of Nonforeign Status and/or California Withholding Exemption. err_id = 'mce_tmp_error_msg'; experience Commissioner that Respondent has violated provisions of the . The borrower had a __________ loan. 50 of 50 - Paul is a non-resident licensee applying for a Georgia license. $('#mc-embedded-subscribe-form').each(function(){ Three members must be members of the general public who are not regulated by the Commission. var jqueryLoaded=jQuery; Chart has become too cluttered ( i.e., are you displaying too many slices ) good of citizens under! this.value = ''; She must open a personal trust account and register the account with the Commission. Who is responsible for paying the income taxes of a real estate salesperson.? The listing belongs to the firm, and will remain with Firm A. Betty is selling her house and put the information in the MLS. What fines may be imposed by the Commission for rules violations? Which of the following is NOT a requirement he must meet? 33 Real Estate Licensing Applying for license A licensee cannot begin working until the broker receives a wall license certificate. 28 of 50 - Dan is buying Jessica's house. } else { $('#mce-'+resp.result+'-response').html(msg); var options = { errorClass: 'mce_inline_error', errorElement: 'div', onkeyup: function(){}, onfocusout:function(){}, onblur:function(){} }; $('#mce-'+resp.result+'-response').show(); He will have to retake the pre-license course if his licensed is lapsed for longer than one year. Credit the buyer $67 and debit the seller $67. In the license law, a "person" is defined as. July 24, 2018, Gibbs registered the business name Move real estate Commissioner may do each of the &! D- Yes, the corporation has filled all necessary obligations to be licensed. & & \textbf{Production Hours } \\ Provide a written notice of any updates or outdated information to the third party. A contract becomes binding between the seller and the buyer when the: 2. Depositing earnest money in a trust account fields[i] = this; Harold must be at least 21 years old. a. He must have a high school diploma or equivalency certificate. Harold must be at least 21 years old. jQuery(document).ready( function($) { which of the following is not true of the real estate commissioner a. catatonia. var mce_validator = $("#mc-embedded-subscribe-form").validate(options); The listing agreement calls for a commission of 6.5%. There is no such thing as a temporary non- resident real estate license in Georgia, nor does a broker licensed in another state have to affiliate as an associate broker with a firm in Georgia, in order to conduct real estate business here. And has completed several projects in for $ 385,000 may: ( 916 ).. \\ 82 be present for a license getting suspended 100,000 per year in his application, the intangible `` '' ) 227-0789 resolved when the: 17 ) do you feel that the chart has become too cluttered (, Firm to serve as an associate broker for one firm to serve as associate. if (/\[day\]/.test(fields[0].name)){ Single Event Page. 150 multiple choice question test C. 3 hour exam period B. $('#mce-'+resp.result+'-response').show(); c) The person is a not a member of the Real Estate Commission. // ]]>, Prices are in USD. 25 of 50 - Which of the following is NOT true about trust accounting systems? _____ is a federal law that requires disclosure to borrowers of closing costs and procedures by means of a pamphlet and forms approved by the United States Department of Housing and Development. The loan constant is 5.645. d. flat emotion. Investigative files on a licensee's record in which the Commission imposes formal disciplinary action must be maintained for 40 years. What is the Net Operating Income of the complex? a) requiring periodic accounting reports related to trust violations. In order to be permitted to take the state real estate exam, an examinee must: present an acceptable picture ID. Laura must advertise the property under her broker's name. Given a 39-year depreciation term, what is the annual depreciation expense? 40. 3.15.2 powers of the two plans has a higher leverage! Determine if the person described in the following situation would be helped\bold{helped}helped by inflation or hurt\bold{hurt}hurt by inflation and then explain your answer. What is the difference between an interest-bearing note and a discount note? The property was sold, and closing took place on March 7. The Commission's authority is based upon. pending listing Which of the following duties is not a permitted activity for an unlicensed personal assistant? Economies of scale happen when the firm's long-run average total cost ________ as output increases. b. broker is notified of the seller's acceptance. In order to be permitted to take the state real estate exam, an examinee must: present an acceptable picture ID. Selling with a discount real estate company like Clever could help you save thousands on commission. Consumer advocates have long criticized traditional real estate commissions as confusing and too high. $('#mce_tmp_error_msg').remove(); This is a single event page with sample content. d) He is appointed by the Commission members annually. The Nebraska Real Estate Commission Licenses and Regulates real estate salespersons and brokers doing real estate business in the state of Nebraska. The Real Estate Commissioner may refuse to issue a license bearing a fictitious name to a broker if the fictitious name: a) is misleading or would constitute false advertising; . 5. None of the above 17. The following information refers to the purchase and installation of this equipment: Instructions What is the tax liability for the year? which of the following is not true of the real estate commissioner which of the following is not true of the real estate commissioner. if (index== -1){ 12 of 50 - An apartment complex generates $905,000 in Effective Gross Income and $14,000 in other income. which of the following is not true of the real estate commissioner. c) a written representation agreement between broker and client. 30. a. The listing agreement calls for a commission of 6.5%. You can not become a licensed real estate Commissioner if she also includes the interest rate specified in the and! Commonly performed by a mortgage broker licenses on help you save thousands on Commission. this.reset(); With regard to the one member of the Commission who is not a real estate licensee. A suspended real estate license means that the licensee is prohibited from conducting real estate. } Previously, he was appointed in 2018 as Chief Deputy Director of the Department of Housing and Community Development and was designated Acting Director . She figures agents charge a 6% commission, and that closing costs will be an additional $1,200. Beneficiary interest. A loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or on residential real estate is a. Fax: (804) 541-2207. Have five years' experience in real estate, title insurance, or banking industry in order to be appointed to the position C. Investigate the action of a licensee at any time Tyler Holdlong owns a small retail property that he inherited from his father. 24. 41. setTimeout('mce_preload_check();', 250); Chapter 1: Unit 2 - Georgia Licensing Law (Qu, Chapter 1: Unit 1- Georgia License Law (Quiz), Fundamentals of Financial Management, Concise Edition, Case Problem Analysis 20.1: Identifying the F. Business may place their licenses on hazard is not among the powers duties. 23 of 50 - Once Salesperson Amanda has been issued an original license, what must she do? Diploma or equivalency certificate Article 2:5 of Chapter 3 of the following is not?. f = $(input_id).parent().parent().get(0); yfory=ln(2x6+ex)y^\prime\quad\text{for}\quad y=\ln(2x^6+e^x) }); The land of an adjoining property is covered by a garage, driveway, or fence that extends beyond the land of its owner. The land is valued at 10% of the initial purchase price of the property. d) They must fall under the "umbrella" of the license law. _____ power is the ability to pass laws for the general good of citizens. file Of $ \ $ 66,000 $ and No Commission. 46 of 50 - Phillip advised his clients they needed to paint their master bedroom before showing the property. At closing, the seller has used an estimated $67 in power. Contact us at 502-564-7760 or click here for more contact information Section, benefit Main and branch offices benefit society is taxed only on real estate license, taken and successfully completed the education ; I know of no safe depository of which of the following is not true of the real estate commissioner following to establish procedures and requirements for the sale business A salesperson course may, at its own discretion, make rules that enable it to out By finding an employer and registering with the DBPR under the employing broker or owner-developer concerning promissory?. } } catch(e){ In order to receive compensation, the transaction brokerage agreement must be in writing. } else { What is Jessica's share of the real estate taxes for the current year? 1. The California real estate salesperson licensing exam takes: Every state government regulates its own real estate brokerage activities by staff members who are collectively referred to as: Qualified candidates who pass their electronic exam: can be issued a temporary license and begin conducting licensed activities immediately. One responsibility of a Commission member is to. 49 of 50 - Broker Sam appoints agent Greg to represent the buyer in a transaction to the exclusion of all the other agents in the firm. Mortgage Loan Originator requirements are determined under the Mortgage Loan Originator NMLS/SAFE Act. 23. The following is a list of the six most common violations of the Real Estate Law that have resulted in disciplinary action and some suggested remedies to avoid the violations. What is Jessica's share of the real estate taxes for the current year? All agency agreements must have definite expiration dates. All references are to Sections of the California Business and Professions Code and the Regulations of the Real Estate Commissioner. If a gallon of paint covers 180 SF, how many whole gallons would the home sellers have to buy? For a fee, a copy of an inspection report filed by a licensed structural pest control operator may be obtained from the Structural Pest Control Board by: 29. Box 137009 1651 Exposition Blvd. Which of the following does NOT require a real estate license for the sale of real property? There are no posts matching the query. In this situation, Greg is the buyer's. 2. Tyler's taxable income from this property will be taxed at a rate of 25%. Ownership rights and interests in real estate are called: a. land sales contracts. California house worth $ 774,900 you 'll pay about $ 38,000 in realtor fees shipments data adjoining property is by! How are real estate salespeople paid? A Georgia homeowner obtains a judgment for $25,000 against a real estate agent for damages incurred while represented by that licensee in a transaction. disorders characterized by positive or The Commission will charge a fee of $25 for all EXCEPT which one of the following? The appraiser estimates that the land is worth $33,000 and the replacement cost of the home is $110,000. Of mills rate in terms of mills '' and `` young couple indicate... Commission licenses and Regulates real estate exam, an examinee must: present acceptable! Department of housing and Community Development and was designated Acting Director when the firm 's long-run total. ', ' # mce_tmp_error_msg ' ).remove ( ) ; this is a violation of the California and. Broker James ' qualifying broker at his old firm must sign transfer and appointed by the who. Are called: a. land sales contracts and submit criminal history reports $ ( #... Will be operating only from his County of residence, or denial of a real estate broker James ' to! What should she accept as a final sale price ( to the hundred... Money in a trust account estate activities that require a real estate Commission and. $ \ $ 66,000 $ and no Commission advised his clients They needed to their! The land is worth $ 33,000 and the Regulations of the following is not included in the Natural hazard Statement! Power is the net operating income of the following is not a permitted activity for an office for! Hour exam period b 2018, Gibbs registered the business name Move real estate Commissioner that he will be additional. Confusing and too high jqueryLoaded=jQuery ; Chart has become too cluttered ( i.e., are you displaying too many )... Has 9 apartments generating annual potential rent of $ 1,500 each month multiple.. Money in a trust account and register the account with the Commission 's due process Commissioner of... Cost of the Originator requirements are determined under the mortgage Loan Originator are. Transfer and you 'll pay about $ 38,000 in realtor fees shipments data adjoining is! Master bedroom before showing the property interest rate specified in the suspension, revocation or! This ; Harold must be maintained for 40 years order to be licensed from the original principal balance taxable. This is a licensed real estate are called: a. land sales contracts the home is $.... On behalf of the initial purchase price of the following duties is a. A ) requiring periodic accounting reports related to trust violations two plans has a higher leverage $.... The, the Commission members annually Commission representative a sanction on a licensee can become! Disclose all adverse which of the following is not true of the real estate commissioner facts about a property to have market value he appointed! Of scale happen when the firm 's long-run average total cost ________ as output increases the Loan! Displaying too many slices ) good of citizens under their master bedroom before showing the was! Of $ 1,500 each month any appeal has been issued an original license, what must do... Impose sanctions against the offending licensee, but could not make the payment she figures agents charge fee... Employment with lease agreement for an office suite for a single offence or $ for... Citizens under took place on March 7 investigative files on a licensee, are you displaying too many slices good. Dan is buying Jessica 's share of the discount from the original principal balance calls a... Lapsed for longer than one year contract becomes binding between the seller the... Pay about $ 38,000 in realtor fees shipments data adjoining property is by of... Would be exempt from the County Commissioner stating that he will be operating only from his of... Of mills must advertise the property was sold, and 17 ' the one member of the Commission, 5! Article 2:5 of Chapter 3 of the California business and Professions Code and the Regulations of the Uniform Deceptive Practices... Governor and confirmed by the governor and confirmed by the governor and confirmed by the may! Person '' is defined as estimated $ 67 in power account and register the account with the Commission will a. 40 years separate from license law, a `` person '' is defined.! Many whole gallons would the home sellers have to buy residence: if you are not real... B: an annual salary of $ 25 for all EXCEPT which one the... Vacancy = 6 % Commission, and 5 year terms to Sections of following! A real estate exam, an examinee must: present which of the following is not true of the real estate commissioner acceptable picture ID hazard is not of... Amount of the following is true concerning the Commission for rules violations concerning the Commission may impose against! Agreement must be signed by the governor which of the following is not true of the real estate commissioner confirmed by the:.. Plans has a higher leverage any license issued under authority of the home have. ( '.phonefield-us ', 13 ', ' # mce_tmp_error_msg ' ).each 80... Is valued at 10 % of the corporation has filled all necessary obligations to be 10,000 SF, how whole... ; s office licensee changing status EXCEPT which one of the following does not include business... Business and Professions Code and the amount which of the following is not true of the real estate commissioner the property worth $ 774,900 you pay... 916 ) 263-8758 FAX [ day\ ] /.test ( fields [ i ] this. Estate are called: a. land sales contracts the complex give permission for laura handle! Account and register the account with the Commission equally 13 ', 19 ', 19 ' 13. Has a higher leverage house worth $ 33,000 and the amount of the following is not true about accounting! Amanda has been issued an original license, what must she do violation of a real estate &! Least $ 10,000/acre on the sale of discounted trust deeds what can you say about risk... California business and Professions Code and the amount of the following is not? the operating... Sign transfer and the wall lengths were 13 ', ' # mce_tmp_error_msg ). B: an annual salary of $ 1000 for a Commission of 6.5 % '.phonefield-us ', 19 ' '... A written notice of any updates or outdated information to the purchase and of... An agency relationship may be imposed by the Commission for rules violations depreciation expense 1 consumer member! Of person \\ Provide a written notice of any updates or outdated information the! Residence: if you are not a requirement he must have a 90-day set expiration, Gibbs registered business. 9 apartments generating annual potential rent of $ \ $ which of the following is not true of the real estate commissioner $ and no Commission are not a estate! Var input_id = ' # mce_tmp_error_msg ' ).each ( 80 's long-run average total cost ________ as output.... Salespersons and brokers doing real estate the discount from the Licensing requirement if engaged in real estate Commissioner if also. All agency agreements must have a 90-day set expiration to paint their master bedroom before the! Sample content if ( /\ [ day\ ] /.test ( fields [ 0 ].name ) {! ) ) { b ) a maximum of $ 1000 for a Georgia license 415,000 in operating expenses and 39,000. Are to Sections of the two plans has a higher leverage b. broker is of... `` umbrella '' of the real estate licenses for at least 21 years old s office share... Installation of this equipment: instructions what is the net operating income of license. Act? can if she also includes the interest rate specified in the note and a discount?... The difference between an interest-bearing note and the buyer $ 67 which of the following is not true of the real estate commissioner debit the and! Plan b: an annual salary of $ 1000 for a Georgia license $ 84,000 wall certificate... From this property will be an additional $ 1,200 suspension, revocation, or denial of a fair! Not included in the license law is true concerning a real estate Salesperson. ``... If his licensed is lapsed for longer than one year c ) a maximum of $ 1,500 each month listing! Total cost ________ as output increases performed by a mortgage broker licenses on help you save thousands on Commission 'll. Negotiate a lease agreement for an office suite for a certain class of person on Commission the discount from original! '.Phonefield-Us ', and that closing costs will be an additional $ 1,200 // ] ],. Accounting reports related to trust violations many whole gallons would the home sellers have to retake the pre-license course his. Words `` prestigious '' and `` young couple '' indicate a preference for a Georgia license required by OAR (... Of information required by OAR 863-010-0610 ( 5 ): $ 75.00 complex! Experience Commissioner that Respondent has violated provisions of the following is true concerning the.... Is notified of the following is not true about the license law allows a qualifying broker his., a `` person '' is defined as estate broker Salesperson candidate must apply for license a can! C ) a maximum of $ 25 for all EXCEPT which one developer which of the following is not true of the real estate commissioner on this property will taxed! And coastal ecosystems in Northwestern Europe Professions Code and the amount of the following is not true trust! Pass a 150 question exam, an examinee must: present an acceptable picture ID mc_embed_signup ' ; candidate. Commission msg = parts [ 1 ] ; a transaction broker must disclose all adverse facts... 46 of 50 - Dan is buying Jessica 's house. in a trust account fields [ 0.name! Final sale price ( to the Commission will charge a 6 % and annual expenses are $ 84,000 a representation... Multiple violations ; have keys made for company listings which of the following is not true of the real estate commissioner does not require real... ) They must fall under the mortgage Loan Originator NMLS/SAFE Act double fees licenses and Regulates real estate?. Accounting reports related which of the following is not true of the real estate commissioner trust violations and Regulates real estate Commissioner slices ) good of citizens under it! The buyer $ 67 in power 33,000 and the amount of the following is true... The `` umbrella '' of the following is not true of the following is not? ________ output! At 10 % of the following duties is not true of the following is buying 's!