Chapter 1 Quiz, Real Estate U

Chapter 1 Real Estate U

1. Which is not a major step in obtaining a real estate salesperson license?

Pass a licensing exam


Visit the department of licensing and regulatory affairs Your answer was correct
Take 40 hours of prelicensing education courses

File an application


Your answer is correct

2. When can a salesperson begin to engage in real estate transactions?
When the salesperson receives their pocket card. Your answer was correct

When the salesperson submits a license application.

When the salesperson passes the licensing exam.

When the salesperson is hired by an employer broker.




Your answer is correct



3. How many years of experience do you need as a real estate salespersons to qualify for a broker's
license?
3 Your answer was correct
4

2

5



Your answer is correct



4. Which kinds of license can only be issued to an individual?

Associate broker

Associate broker and salesperson Your answer was incorrect
Broker, associate broker, and salesperson

Salesperson The correct answer



A broker or associate broker may be an individual or business entity. A salesperson can only be an individual.

5. How often must real estate licenses be renewed?
Every three years. Your answer was correct