Risk Reduction Quiz

Risk Reduction Quiz

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Question 1 of 10

1. Question
- Litigation
- Disciplinary action.
- Fines.
- All the Above
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Question 2 of 10

2. Question
- Shall teach the licensees associated with him or her the fundamentals of real estate.
- Establish policies, rules, procedures, and systems that allow the real estate broker to review, oversee, and manage.
- Establish a system for monitoring compliance with policies, rules, procedures and systems.
- All the Above
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Question 3 of 10

3. Question
- Each source from which the licensee will receive compensation as a result of the transaction.
- That the licensee is a principal to the transaction or has an interest in a principal to the transaction.
- The amount of the licensee’s commission.
- That the licensee is acting for more than one party to the transaction.
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Question 4 of 10

4. Question
- Multiple representation
- Single agency
- Transaction brokerage
- Assigned agency
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Question 5 of 10

5. Question
- Suspension of license.
- $5,000 fine.
- Revocation of license.
- Placing conditions on the license such as education requirements.
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Question 6 of 10

6. Question
- 5 years.
- 7 years.
- 10 years.
- There is no requirement.
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Question 7 of 10

7. Question
- Consent to Act
- Duties Owed
- SRPD
- Did You Know?
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Question 8 of 10

8. Question
- Age
- Family status
- Religion
- National origin
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Question 9 of 10

9. Question
- Conduct regularly scheduled sales meetings
- Offer continuous educational opportunities
- Maintain outlines and attendance records
- All the Above
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Question 10 of 10

10. Question
- General liability insurance.
- Errors and omissions insurance.
- Hazard insurance.
- None of the Above
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