FILL-IN THE BLANK EXERCISES
These fill-in exercises
should be attempted after studying Chapter 16. This is a good exercise to repeat
often - especially right before the state exam.
Fill-in
each of the blanks by typing the word or words right on your screen. When you
have completed all the blanks, click on check. Your correct answers will remain
on the screen and the incorrect answers will again be blank. If you really must,
you may click on the hint button. Place the cursor in the desired blank and
click on the hint button. The hint button will show the first letter of
the ideal answer.
FILL-IN EXERCISE 1
- CLICK
HERE
This exercise tests you on your knowledge of the
commissioner, the director and the directors duties, the disciplinary board,
licensed activities, and licenses and pocket cards.
FILL-IN
EXERCISE 2 - CLICK HERE
This exercise starts out testing you on your knowledge of
leasing agents, the requirements to become a salesperson and broker and the need
for an auctioneer's license.
FILL-IN
EXERCISE 3 - CLICK HERE
Exercise 3 starts with the employment and
termination of agents, sponsor cards, brokerage office and branch office
regulations.
FILL-IN
EXERCISE 4 - CLICK HERE
Test yourself on important topics such as license expirations, inoperative
licensees, reciprocal licensing, continuing education, compensation and
disclosure of compensation, referral fees, affinity relationships and
inducements.
FILL-IN
EXERCISE 5 - CLICK HERE
What can an unlicensed assistant do? This
gap exercise tests your knowledge on licensed and unlicensed personal
assistants, employment agreements, and the rules regarding a licensee's
corporation set-up to receive compensation.
FILL-IN
EXERCISE 6 - CLICK HERE
This section tests you on advertising,
licensee status disclosure, and internet advertising rules. Rules a licensee
must follow in selling their own properties are tested here.
FILL-IN
EXERCISE 7 - CLICK
HERE
Written agreements,
brokerage agreements, stigmatized properties, and guaranteed sales plans are all
found in this section.
FILL-IN
EXERCISE 8 - CLICK
HERE
This section covers violations of the act
and disciplinary procedures. Unlicensed practice of the real estate and specific
license act violations are in this section.
FILL-IN
EXERCISE 9 - CLICK
HERE
What happens if your check to the OBRE is
returned NSF? If you have a broker's license, can you use your home as your
office? Violations of the tax act, being delinquent on a student loan and being
delinquent in child support are grounds for loss of license. You'll find some questions on the Real
Estate Recovery fund on every state exam. Test yourself on
these items in this section.
FILL-IN
EXERCISE 10 - CLICK
HERE
What if someone files a
complaint against you - what's going to happen next. Check out Hearings,
Investigations and Notice, Statute of Limitations, and the Real Estate License
Administration Fund and the Real Estate Research and Education Fund.
FILL-IN
EXERCISE 11 - CLICK
HERE
Extremely important for the state exam is
this section on Escrow Regulations. Escrow Moneys, Time of Deposit, Book Keeping
Systems, Consent to Audit Escrow Accounts, Book Keeping Systems, Record Keeping,
and the forms of real estate business ownership.
