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What is the form of California State real estate Licensing Examinations?

The examinations are given in a multiple-choice format. Answers are selected from four choices (see description of salesperson or broker examination content).

Which is considered a primary responsibility of a designated transaction broker?

agent. Which is considered a primary responsibility of a Designated Transaction Broker? Attempting to guide a buyer or prospective tenant to increase an offer to a level that will be accepted by the seller or lessor.

Under which of the following do brokers have the responsibility of supervision over their licensees?

The brokers duty to supervise their salespersons is outlined in the Regulations of the California Real Estate Commissioner as well as the California Business and Professions Code. These laws require that the broker exercise reasonable supervision over all agents acting under the brokers license.

What is a designated officer for corporation?

The designated corporate officer is responsible for the supervision and control of the activities requiring a license which are conducted, on behalf of the corporation, by its officers and employees.

What is a designated officer in real estate?

Designated Officer Responsibilities The designated corporate officer is responsible for the supervision and control of the activities requiring a license which are conducted, on behalf of the corporation, by its officers and employees.

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What document is used to authorize the designated broker-officer to assign the supervisory responsibility to other broker officers of the corporation?

Assignment of Supervisory Responsibility Section 10159.2 BP Code permits the assignment of supervisory duties to licensed broker-officers, other than the broker-officer so designated pursuant to Section 10211 BP, by resolution of the Board of Directors.

Can an LLC be a licensed broker in California?

There are no provisions in the Business and Professions code that authorize a limited liability company to become licensed as a real estate broker. A license as an indvidiviual broker and a license as a broker-officer are separate entities and the status is not transferable from one to the other.

Whose responsibility is it to supervise associated licensees in Washington state?

A designated broker is responsible for supervision of licensees who have been in business for less than 2 years but may be able to delegate these responsibilities to a branch manager. A branch manager must also have a managing brokers license, and their duties must be delegated to them by the designated broker.

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What is the form of California State real estate Licensing Examinations?

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What document is used to authorize the designated broker-officer to assign the supervisory responsibility to other broker officers of the corporation?

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