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RE Broker Renewal

Study Questions

Advertising is a separate issue and had no place in a discussion or fair housing False
Familial status refers to an adult with a child 18 or younger living w him/her True
The IL Human Rights Act protects add'l classes of individuals not protected under fed law True
Performance of any ministerial act will create an agency r'ship False
Upon completion of the brokerage agmnt confidential info is no longer confidential and be may be disclosed. False
A licensee may act as a dual agent only with the written consent of both clients True
Lic'd personal asst's are req'd to have a written employment agrmnt w the sponsoring broker. True
Employing any person on a single deal-basis as a means of evading the law is illegal True
All escrow moneys must be place in interest-bearing accounts. False
A sponsored licensee is permitted to open an escrow account in his/her name if requested to do so by the client. False
Open listings are legal in IL True
Net listings are legal in IL True
Multiple Listing Services can always specify the type of listings their member brokers must use. False
Real Estate licensees are exempt from the do not call rules False
Written listing agmts must either contain 1 specific and automatic end date or give the client to terminate the agmnt w 30-days notice True
Exclusive right to sell listings are most preferred by brokers bc sellers must pay the commission even if they sell the property themselves. True
Since listing agmts represent the seller, they do not need to make any disclosures to the seller. False
A listing agreement is an employment agreement. True
Some listings that are not in writing are legal in Illinois True
Senders of commercial email must give consumers a way to avoid receiving future emails. True
Created by: Moosehead