Unit Exam Flashcards

Unit Exam Flashcards Steven, a newly licensed salesperson, just received his pocket card. When is Steven required to carry the pocket card with him?At all times when conducting business Samantha affiliated with broker Jenny as soon as she was licensed. Samantha just celebrated her two-year anniversary with the brokerage. How much longer must she be affiliated before she qualifies for a broker's license?One more year -After three years of working with a broker (plus meeting the additional requirements), you can apply for a broker's license.Gregory is a salesperson at Gardner Homes. Linda is his sponsoring broker. Which of the following best describes what happens with Gregory's license?Linda stores Gregory's license at Gardner Homes. - Salespersons licenses must be held by the broker, not the salesperson.Bobbi received a notice from the Maryland Real Estate Commission that she was being investigated for failure to properly supervise her affiliated licensees. At her hearing next month, she needs to present evidence to the contrary.Which of the following is NOT considered evidence of reasonable and adequate supervision, as defined by the commission?Employee time cards - While Bobbi should keep employee time cards for business purposes, they are not adequate evidence that Bobbi was properly supervising employees while they were working.You should ______ before you affiliate with a broker.Ask lots of questions Jerome let his license expire four years ago when his wife had twins and he decided to become a stay-at-home dad.Now that the twins have started preschool, Jerome would like to resume his real estate practice. What does he have to do in order to reinstate his license?His license has expired too long. He has to start the pre-licensing process from scratch. - Expired licenses can be reinstated within three years of the expiration date if CE requirements are met. If a license is expired for more than three years, the former licensee must complete all pre-licensing requirements again and be issued a new license.How does a Maryland broker's license renewal differ from a salesperson's license renewal?Instead of having 4.5 hours of electives, brokers must take three hours of broker supervision coursework and only 1.5 hours of electives. - Like salespersons, brokers must also complete 15 hours of CE, but unlike the salesperson renewal requirements, three of those hours must be in broker supervision (only 1.5 CE hours are electives).When ______ in Maryland, you must submit a statement of affiliation from the new broker and a statement of affiliation termination from the former broker along with your transfer application.Changing brokers What's one benefit to affiliating with a broker? Training George has his salesperson license and would like to be affiliated with more than one broker. In order to do this, what must George have?Agreement from both brokers Janet is a 20-something salesperson at a small country brokerage. She enjoys her job but longs for city life. She

would like to change brokerages. Which of the following is true?Janet will need to submit a transfer application to the commission

DeShawn has been licensed as a salesperson in Maryland for 18 months. Which of the following statements is true about his upcoming license renewal?The commission will send DeShawn a renewal reminder at least 60 days before his license's expiration date.Broker Pat was so busy enjoying her semi-retired life that she failed to supervise new salesperson Dina adequately and Dina engaged in unintentional discrimination. What might happen to Pat's license?It could be suspended or revoked Seo-yun completed all of her Maryland salesperson licensure requirements and submitted her documentation and licensing fees to the commission. A few days later, her broker presented her with her new license. What's wrong with this scenario?The license should've also come with a pocket card.Jason has completed 60 hours of Maryland pre-licensing real estate education, met the minimum requirements, and passed his licensing examination. What else does he need in order to receive an active license when applying for licensure?Affiliation with a supervising broker If a license expires due to nonrenewal, it must be reinstated within what time period?Within three years