The Provisions of the Real Estate Licensing and Registration Act apply to

1. a trustee who participates in real estate transactions under the authority of a court order
2. an attorney at law who participates in real estate transactions on behalf of a client
3. a real estate licensee selling real estate she owns
4. a licensed auctioneer who is auctioning property

What is the MINIMUM number of hours continuing education which a real estate licensee MUST complete within the license renewal period?

Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?

1. yes, if the appraisal is identified as a comparative market analysis
2. yes, if the appraisal is done before an offer to purchase is accepted by the seller
3. yes, with proper disclosure to the lender about the broker's qualifications

D.no, real property appraisals are not within the scope of practice for a real estate broker

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