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When may a licensed salesperson legally participate in the management of real property?

1. When the salesperson's broker cannot supervise
2. When the tenants allow the salesperson to participate
3. When errors and omissions insurance covers the salesperson's actions

D. When the salesperson is under the direct supervision of the broker

Which of the following is not a basic component in the communication process?

a. Noise

b. Message source

c. Message receiver

d. Symbols 

Which of the following is not a leading reason that employees resist change?

a) lack of personal ethics

b) non-reinforcing reward systems

c) individual predisposition toward change

d) fear of failure

e) climate of mistrust

Disciplinary action would NOT be taken against a salesperson for

1. accepting a bonus commission from a seller
2. failing to tell a buyer that a roof has a leak
3. disclosing to a buyer that the salesperson is working for the seller*
4. taking a listing on a property 2 weeks before another exclusive listing on the same property has expired

A licensee has concluded a listing presentation in the home of a property owner. The owner signs the exclusive right to sell listing agreement and gives it back to the licensee. When should the licensee give the client a copy of the signed listing agreement?

1. before leaving the client's home
2. after returning to the office and obtaining the broker's signature on the document
3. after returning to the office to photocopy the document for the company files

D. within 48 hours of the client's signature

Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?

1. entering into leases
2. distributing building rules and regulations 
3. showing apartments to prospective renters
4. providing information on rental amounts to prospective renters

An exclusive listing MUST be in writing and it MUST

1. contain a provision allowing the owner to cancel all exclusive features within 24 hours' notice
2. contain provisions regarding acceptable financing arrangements
3. be signed by the cooperating broker

D. specify the duration of the listing

A licensed real estate salesperson wants to change brokers. Which of the following actions is required?

1. turn in the current license to the new broker
2. place the current license on inactive status
3. C. notify the commission in writing within 10 days after the intended date of change and return license Course hero

D. Notify the current broker in writing within 10 days before the intended date of change