Q&A Hero

Question


a. broker k . real estate commission
b. continuing education l. real estate salesperson
c. employment contract m. REALTOR
d. fictitious business name n. REALTOR-Associate
e. franchisee o. realty board
f. independent contractor p. recovery fund
g. licensee q. revoke
h. nonresident license r. sales associate
i. notice of consent s. securities license
j. principal broker t. suspend
1> one who holds a license
2> a person who is licensed to bring about real estate transaction for a fee, but who do so only in the employment of a real estate broker
3> a registered trademark owned by the National Association of REALTORS for exclusive use by its members
4> broker in charge of an office
5> a business operated under any name other than the owner's name
6> an independent agent who negotiates transactions for a fee
7> to temporarily make ineffective
8> to recall and make void
9> a local trade organization for real estate licensees and other persons allied with the real estate industry
10> a state-operated fund that can be tapped to pay for uncollectible judgments against real estate licensees
11> a salesperson or broker employed by a broker
12> a state board that advises and sets policies regarding real estate licensees and real estate transaction procedures
13> one who uses his own methods and is responsible only as to results
14> a requirement for license renewal in many states, its purpose is to help licensees keep up to date in real estate
15> required of a real estate broker in order to conduct negotiations within another state
16> permits the secretary of state to receive legal summonses on behalf of a nonresident broker
17> required when selling an investment contract
18> formalizes the working arrangement between the broker and his salespersons
19> the party holding a franchise such as a franchised brokerage office
20> membership designation for salespersons and broker licensees working for REALTORS

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