According to the policy, unlicensed assistants may perform the following activities: Answer the phone and forward calls to licensee. Transmit listings and changes to a multiple listing service. Follow up on loan commitments after a contract has been negotiated.
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Contents

Which of the following tasks may an unlicensed assistant legally perform?

According to the policy, unlicensed assistants may perform the following activities: Answer the phone and forward calls to licensee. Transmit listings and changes to a multiple listing service. Follow up on loan commitments after a contract has been negotiated.

Can an unlicensed person make cold calls?

In the state of California, unlicensed assistants are definitely allowed to assist in the performance of cold contacting potential prospects.

Which of the following is an act an unlicensed associate Cannot legally perform?

The unlicensed associate cannot represent him/herself as being a licensed broker or as someone who can legally engage in buying, selling, exchanging, renting, leasing, managing, auctioning, or dealing with options on any real estate for others. must pay any fees a licensee is required to pay.

What can a licensed real estate assistant do in California?

  • Document Preparation. …
  • Interpretation and Advice. …
  • Disseminate Information. …
  • Get Client Information. …
  • Delivery of Financial and Title Documents. …
  • Attend a Closing Unsupervised. …
  • Sound Like a Licensee. …
  • Do Telephone Marketing.
What does a showing assistant do?

Real Estate Showing Assistants help Buyer’s Agents throughout the homebuying process. They identify homes that meet buyers’ criteria and show homes to prospective home buyer clients. … They promptly return all buyer client telephone calls, texts and/or emails and educate buyer clients about home buying process.

Which of the following tasks would require a real estate license in California?

Which of the following tasks would require a real estate license? Administrative tasks are fine, but anything that involves activities normally performed by a licensee (such as meeting with the public to show real estate) would require a license. Which activity can you perform without a license in California?

Can you use MLS without being a Realtor?

Can buyers access the MLS without a realtor? The short answer is no, they can’t — at least not directly. In order to access the MLS, you need a real estate license, which means it’s not possible for buyers to access this data on their own.

What is Mashivor?

Mashvisor is your one-stop site to find lucrative traditional or Airbnb properties in a matter of minutes.

What does MLS stand for?

Typically, to view listings on your local multiple listing service (MLS) as a buyer or seller, you need to be given access through a real estate agent.

Which of the following tasks can an unlicensed personal assistant perform quizlet?

– assistants can be licenses or unlicensed. – Unlicensed assistant – secretaries, help with tasks that are purely administrative -directing phone calls, filing documents, preparing certain documents, creating newsletters, maintaining a client database.

Can you pay a referral fee to an unlicensed person in California?

California real estate law permits the payment of referral fees to unlicensed persons. … In California, the only restriction is that the recipient of the referral fee must not have any involvement in the transaction itself. Their sole role can only be to introduce the buyer or seller to the agent.

Which of the following does not fall under the exceptions to requiring a real estate license in Indiana?

Which of the following does not fall under the exceptions to requiring a real estate license in Indiana? Real Estate Commission. Why can a licensed auctioneer sell property at a public auction without a real estate license?

What are government powers in real estate?

What is Police Power? Police power is how the government regulates real estate. Examples of police power include zoning laws, building codes, fire codes, rent control, safety hazards, and tenant rights. Unlike eminent domain, no compensation needs to be paid for the implementation of police power.

How much do you pay a showing assistant?

Annual SalaryHourly Wage
Top Earners$60,000$29
75th Percentile$47,000$23
Average$41,877$20
25th Percentile$35,000$17
How much do showing assistants make?

How much does a Showing Assistant make? The national average salary for a Showing Assistant is $39,283 in United States.

How are showing assistants paid?

SHOWING ASSISTANT EARNINGS = 80% OF THE TOTAL The subtotal from what the Hiring agent pays for the showings gets divided into 80% for the Showing Assistant and 20% for SHOWforME. When you accept a Showing it will always display Agent Earnings so that you can see exactly how much you will be getting paid.

Can you sell real estate in California without a license?

Whether you want to be an agent or a broker, if you want to buy or sell real estate in California, you’ll need a real estate license. … For one, an agent or salesperson must work under a licensed broker, whereas a broker can work for themselves and/or hire agents to work for them.

How much does a realtor make in California?

Get Your California Real Estate License! According to the Bureau of Labor Statistics, the average income for Real Estate agents in the state of California is $73,450. California is one of the top earning states for Real Estate agents.

Is the California real estate exam hard?

Is the California Real Estate License Exam Hard? Well, the California real estate exam certainly isn’t easy. … If you don’t pass the exam on your first try, don’t worry; you can retake the test. And once you pass, you’ll be a licensed California real estate agent, ready to launch your new career!

Can you list on realtor com without an agent?

Realtor.com only allows licensed real estate professionals and realtors to post listings on their website. To get your listing on their site you’ll have to work with a real estate agent who has access to your local MLS as realtor.com pulls all MLS listings and posts them on their website.

Can you join multiple MLS?

A licensee can only qualify for a waiver of MLS subscription fees if he or she already subscribes to a different MLS under the same broker and firm. This means, licensees affiliated with multiple companies could be required to subscribe to an MLS for each company.

Is AirDNA data reliable?

Needless to say, AirDNA’s data accuracy of 96.2% makes us pretty happy, makes our customers happy, and reinforces our confidence to say that we are far and away the most trusted and accurate source of Airbnb data available anywhere.

How much does Mashvisor cost?

MASHVISOR LITE PLANMASHVISOR STANDARD PLANMASHVISOR PROFESSIONAL PLAN$17.99 per month$49.99 per month$79.99 per month

Is Mashvisor a good tool?

That said, Mashvisor is one of the few tools to combine both rental income and investing. It’s a great tool, goes deep into the income potential of properties, and there’s no question it will save you time.

What does MLF mean in real estate?

Municipal Liquidity Facility (MLF)

What does SCE mean in real estate?

And as a buyer, if you see a property that is marked “SCE” on MLS, for “sold conditionally w/escape,” you can choose to make an offer on the property with the above condition, and if your offer is accepted, the seller will then exercise his or her escape clause, and the buyer may or may not firm up.

What does NHL stand for?

British Dictionary definitions for NHL NHL. abbreviation for (in North America) National Hockey League.

Which of the following may an unlicensed person working in a real estate office not perform quizlet?

What are some activities that an unlicensed person may NOT perform? Show homes, apartments or other real property, discuss specific properties with clients or customers, or hold open houses. You just studied 12 terms!

Under which of the following circumstances would a broker lose or have their license suspended for a law violation committed by an associated licensee?

Hold an open house. Under which of the following circumstances would a broker lose or have their license suspended for a law violation committed by an associated licensee? If the broker had actual knowledge of the violation.

What is a broker guilty of if he or she employs a salesperson who is not properly licensed?

A. A broker will be guilty of a misdemeanor if he or she employs a salesperson who is not properly licensed.

Is finder's fee legal in California?

“Finder” has been redefined. California’s law eliminated such machinations and gyrations. Section 25206.1 has been added to the California Corporations Code. It defines a “finder” as a natural person (not a company) who introduces accredited investors to an issuer who is seeking to raise up to $15 million in capital.

Can an attorney act as a real estate broker in California?

CONCLUSION. An attorney who is also licensed as a real estate broker may act in both capacities on behalf of a client in connection with the purchase of real property so long as both professions are pursued within the standards of the State Bar of California.

How much does a real estate license cost in California?

What will it cost me to get my real estate license in California? Courses range anywhere from $199 to $699. The exam fee is $60.00 for Salesperson/agent and $95.00 for Broker. The licensing fee is $245.00 for Salesperson/agent and $300.00 for Broker.

What happens if managing broker dies?

Each broker associated with the deceased or terminated managing broker becomes a managing broker until the broker chooses to conduct business as a broker in association with another managing broker. For example, if Managing Broker Joe dies, Brokers Tom, Bob, and Mary all become managing brokers.

What is a subagent in real estate?

A: “Subagent” means a licensed real estate broker, licensed associate real estate broker, or licensed real estate salesperson who: (1) is not affiliated with or acting as the listing real estate broker for a property; (2) is not a buyer’s agent; (3) has an agency relationship with the seller or lessor; and.

What is a limited agency in real estate?

Limited agency means an agency relationship created for the purpose of providing real estate services in which the client’s or other party’s liability for the actions or statements of an agent, subagent or facilitator is limited to actions or statements initiated by specific instruction of the client or other party or …