Real Estate State Exams Questions and Answers (Solved Papers) What happens if a licensee is found guilty of a violation?
Topic: Disciplinary Actions and Process
Subtopic: Disciplinary Actions
The case is automatically moved to be heard in superior court.The commission may reprimand the licensee, revoke or suspend the license, or impose a fine.The licensee is subject to arrest.The licensee's license is automatically revoked. - Correct Answers ✅The commission may reprimand the licensee, revoke or suspend the license, or impose a fine.Jenna owes the commission some money. She doesn't have enough money in her account right now to cover the fee, but she'll get paid in a week. However, if she waits until then to pay, she'll have to pay a late fee, as well. Jenna has some options. Which one violates license law?
Topic: Violations Which May Result in Disciplinary Actions
Subtopic: Bad Checks
Ask her broker if she can borrow the needed money for a week. 1 / 3
Real Estate State Exams Questions and Answers (Solved Papers) Wait until she gets paid and then pay both the fee and the late fee.Write a check now. When it bounces and gets returned to her in a week, she'll have the money.Write a letter to the commission to hold her check and ask it to waive the late fee. - Correct Answers ✅Write a check now. When it bounces and gets returned to her in a week, she'll have the money.Walt has been through a hearing, an appeal, and a rehearing.The court has just handed down its judgment and has upheld the commission's decision. What can Walt expect now?
Topic: Disciplinary Actions and Process
Subtopic: Appeals
He can decide to take the commission to court.He will have to pay the commission a fine between $100-
$2,500.
He will need to pay the court costs. 2 / 3
Real Estate State Exams Questions and Answers (Solved Papers) His license will be automatically suspended for at least three months. - Correct Answers ✅He will need to pay the court costs.Licensees may be disciplined for violating Alabama compensation laws. Which of the following are possible penalties for doing so?
Topic: Violations Which May Result in Disciplinary Actions
Subtopic: Paying or receiving commissions from unlicensed
persons Fines, license suspension, jail time Fines, license suspension, license revocation Fines, probation, jail time Probation, jail time, license revocation - Correct Answers ✅Fines, license suspension, license revocation Joel, an aggrieved claimant, wants to make a claim from the Alabama Recovery Fund. He says that his agent, Maria, defrauded him. Which of the following does he need to do?
Topic: Recovery Fund
Subtopic: Payment from fund
Be prepared to cover all court costs.
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