Filling out the property condition disclosure statement

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Reference no: EM132207256

1. In a real estate transaction, who has the responsibility for filling out the property condition disclosure statement?

The appraiser

The seller

The seller's broker

The home inspector

2. After an investigation, a broker is found to have violated the license law. What is the maximum scheduled fine the Commission can impose for each violation?

$1,000.00

$3,000.00

$4,000.00

$5,000.00

3. When Karen tried to renew her affiliate broker license, she realized she was short on her required CE hours. Six months later, she wants to reinstate her license. She must now

complete the required hours and pay a $200 late fee.

complete the post-license education for a broker’s license because an affiliate license is not renewable.

complete the required hours, pay the required late fee and retake the licensing exam.

agree to complete the education requirements and pay the renewal fee plus penalties for each month she is late.

Reference no: EM132207256

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