A licensee is about to change her business location. Which of the following should she do?
A. Move her license to the new location until the renewal date
B. Notify the director of the Dept. of Licensing by phone
C. Notify the Real Estate Program Manager in writing
D. Surrender her license, and apply for an updated license with the correct location
Ans: D. Surrender her license, and apply for an updated license with the correct location
It's a licensee plans to change her place of employment, the firm's designated broker or the licensee surrenders the license. The Director of the Department of Licensing will then issue a new license for the new location.
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Ashley owns a piece of vacant real estate through which a small river runs. Ashley hires Warren, a licensed real estate broker, to list the property for sale and help sell the property
While inquiring in the neighborhood, Ashley's neighbor Lenny tells Warren that a chemical plant upstream has polluted his property and that Warren should have environmental engineers test Ashley's property as well. Warren does not tell Ashley about Lenny's suggestion. Warren manages to find a buyer for Ashley's property in Martha. It is later discovered that the property Martha bought from Ashley is polluted. What important agent's duty has Warren failed to perform? A) duty to indemnify B) duty to account C) duty to reimburse D) duty to notify
The difference between the price and the par value of a zero-coupon bond represents ________
A) taxes payable by the bond buyer B) the accumulated principal over the life of the bond C) the bond premium D) the accumulated interest over the life of the bond