Question 42General brokerage and listing-specific advertising and signage must contain which of these?Top of FormBrokerage nameBottom of FormTop of FormLicense number of listing licenseeBottom of FormTop of FormPhysical address of brokerage firmBottom of Form Show
Top of FormSupervising broker’s nameBottom of FormThe brokerage name must be included in all advertising.Question 43Which fiduciary duty is missing in the following string: loyalty, care, obedience, confidentiality,accounting, and ______.Top of FormDisclosureBottom of FormTop of FormDisobedienceBottom of FormTop of FormLawfulnessBottom of FormTop of FormSkillBottom of FormSkill is part of care (reasonable skill and care). Lawfulness is required, but it's not one of the duties. Theone that's missing is disclosure of all pertinent facts.Question 44Under ______, landowners can be held responsible for the cleanup costs of hazardous waste, even ifthey did not cause the waste.Top of Form CERCLABottom of FormTop of FormDECLRABottom of FormTop of FormSARABottom of FormTop of FormSEQRABottom of FormUnder CERCLA, landowners can be held responsible for the cleanup costs of hazardous waste, even ifthey did not create or cause the waste.Question 45Jarvis, a broker, discusses antitrust scenarios at staff meetings and makes certain his firm makesindependent decisions about co-op fees. This is a great way to __________.Top of FormAvoid antitrust violationsBottom of FormTop of FormEliminate the competitionBottom of FormTop of FormGet in trouble with the DOJBottom of FormTop of Form Inadvertently violate antitrust lawBottom of FormPolicies like these help brokerages avoid anti-trust violations.Question 46Why might a brokerage firm choose to create its own set of ethical guidelines?Top of FormTo eliminate ethical guidelines altogetherBottom of FormTop of FormTo impose looser guidelines than a national or state codeBottom of FormTop of FormTo impose stricter guidelines than a national or state codeBottom of FormTop of FormTo meet local business law requirementsBottom of FormFirms usually choose to create their own ethical standards when they want to hold their employees to ahigher standard of conduct than the national or state code.Question 47Laura gives licensees a 90/10 split. Why might she be able to offer her licensees such a high commissionsplit?Top of FormHer brokerage has a low-income grant. Bottom of FormTop of FormHer brokerage is tax-exempt.Bottom of FormTop of FormHer brokerage provides non-real estate services.Bottom of FormTop of FormShe has no overhead or office expenses.Bottom of FormBy keeping her overhead and office expenses low, Laura Is able to give her licensees a higher commissionsplit. Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 365 pages? Upload your study docs or become a Course Hero member to access this document
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here to chat now. Phone888.827.0777 Which of the following statements is true about agency at Kentucky real estate brokerages?Which of the following statements is true about agency at Kentucky real estate brokerages? Kentucky allows principal brokers to choose if their brokerage will use designated agency, dual agency without designated agency, or no dual agency.
What is required to be included on an advertisement for properties listed for sale by agents quizlet?A licensed firm advertising online must include on each page:. The licensee's name;. The name of the firm with which the licensee is affiliated;. The city and state in which the licensee's office located;. The regulatory jurisdiction in which the licensee holds a license.. Which of these Kentucky brokers is not required to maintain a place of business in the state?Which of these Kentucky brokers is NOT required to maintain a place of business in the state? (Non-resident Kentucky brokers are not required to maintain a place of business if they have one established in their own state, or their state does not require that they hold a place of business.
Which organization is tasked with writing specific real estate regulations in Kentucky?The Kentucky Real Estate Commission exists to regulate the real estate industry in Kentucky and regulate the actions of licensee.
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General brokerage and listing-specific advertising in kentucky must contain which of the following?
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