Section 2 Unit 3 Exam

A  0 hours

B  45 hours

C  30 hours

D  8 hours

A  Prohibiting licensees from recommending third party vendors to clients

B  Equipping your office with fire alarms and sprinklers

C  Purchasing a general liability insurance policy

D  Providing training and policies/procedures documentation to staff

A  Steven cannot hold licenses and perform real estate activities in multiple states.

B  California has a reciprocity agreement with Oregon. Steve can complete a California application to receive a license.

C  As long as Steve holds an active license in a neighboring state, he can practice real estate in California.

D  California does not have reciprocity agreements with any other states. Individuals licensed in other states must complete all of the requirements that an unlicensed individual completes.

A  Every year

B  Every two years

C  Every four years

D  Every three years

A  One year

B  Two years

C  Three years

D  Four years

A  20 hours

B  10 hours

C  45 hours

D  Eight hours

A  19

B  21

C  18

D  20

A  Require licensees to keep a tracking journal of all activities as proof that they’ve not violated federal regulations.

B  Include a review of related federal legislation in the policies and procedures manual and provide appropriate training.

C  Encourage licensees to obtain outside training on real estate-related federal regulations.

D  Rely on licensees to make themselves aware of all federal regulations related to real estate.