1.8- Unlicensed Real Estate Assistants Flashcards

1.8- Unlicensed Real Estate Assistants Flashcards According to the DOS, an unlicensed assistant MAY

SAFELY engage in the following activities:

-Answer the phone, forward calls, and take messages-Arrange appointments for the licensee-Follow up on loan commitments after a contract has been negotiated and generally secure status reports on the loan progress-Assemble documents for closing-Write ads for the approval of the broker and place approved classified advertising-Type contract forms for the approval of the broker-Compute commission checks-Place signs on or remove them from properties-Order items of repair as directed by the broker-Prepare flyers and promotional information for approval by the broker-Schedule appointments for licensees to show listed property-Gather information for a comparative market analysis from the multiple listing service (MLS)-Gather information for an appraisal-Monitor licenses and personnel files-Perform secretarial and clerical duties such as typing letters and filing In today's real estate market, many real estate agents find that using unlicensed assistants is very useful because Unlicensed assistants can do a fair amount of paperwork and legwork, leaving the agents free to use their time finding clients and negotiating transactions.Unlicensed assistants may not performany real estate activities for which a license is required An individual referred to in the marketplace as a "shower"Person to open doors for customer viewing appointments.Generally, not a licensed individual, and as such, is committing a licensing infraction.To avoid this infraction of license law, brokers are advised to properly license any individuals performing this or any other duty requiring a license.According to the DOS, an unlicensed assistant MAY NOTList or sell property, prospect for listings, show property, hold open houses alone, or answer buyers' questions about property.