front 1 Real estate license laws protect the ___ by ensuring a standard of competence and professionalism | back 1 Public |
front 2 What goals are achieved by the public licensing laws | back 2 * establishing basic requirements for obtaining a real estate license and, in most cases, requiring continuing eduction to keep a license * defining which activities require licensing * describing the acceptable standards of conduct and practice for licensees * enforcing those standards through a disciplinary system |
front 3 How many states have license and regulate the activities for real estate professionals | back 3 All 50 states plus the District of Columbia and all of Canada’s provinces |
front 4 What is the main objective of the laws? | back 4 To make sure that the rights of purchasers, sellers, tenants, and owners are protected from unscrupulous or negligent practices |
front 5 Each states has a licensing authority ___ for real estate professionals | back 5 A commission, department, division, board, and/or agency |
front 6 This authority has the power to issue | back 6 Licenses, make real estate information available to licensees and the public, and to enforce the statutory real estate law |
front 7 Each licensing authority has adopted a set of ___ that administer the statutory law and ___ operating guidelines for licensees | back 7 Administration regulations, set |
front 8 Both ___ and ___ are usually enforce through fines and the denial, suspension, or revocation of licensess | back 8 Regulations and statutory law |
front 9 The regulations have the same force and effect as statutory law, though if they conflict | back 9 The statute will prevail |
front 10 Real estate license laws protect the public by ensuring a ___ in the real estate industry | back 10 Standard of competence and professionalism |
front 11 The laws achieve this goal by | back 11 * establishing basic requirements for obtaining a real estate license and requiring continuing education to keep a license * defining which activities require licensing * describing the acceptable standards and practice for licensees * enforcing those standards through a disciplinary system |
front 12 What are the main goals for these laws | back 12 To make sure the rights of purchasers, sellers, tenants, and owners are protected from unscrupulous or negligent practices |