Unlicensed executive secretary of real estate brokerage office without violating of IL real estate act law what can he do? 1) receive fee from refering… 2) process MLS listing information (I picked this)
I wanted to know if a client gifts you a check for your birthday can you put it in the company account or escrow and I think one other option was commingling
@@Realestatefamily4u hi, it is a gift to you and not the client's and so it shouldn't go in an escrow account or be considered as commingling. Now, depending on the other options, this is what I'm thinking - the money goes to the brokerage and the brokerage pays you. We're not supposed to receive money directly from clients, it always goes through the brokerage. Hope this helps!
Licensee prepares classified advertisements for listed house which is must included?
1) sponsoring brokers name
2 room count
3 property address
(Dual agent) If licensee is selling his own house can I represent buyer too? ( it was on my state exam question)
Can buyer may terminate contract if the seller fails or refuse to provide real property disclosure prior to closing? (Was in exam question too)
Unlicensed executive secretary of real estate brokerage office without violating of IL real estate act law what can he do?
1) receive fee from refering…
2) process MLS listing information (I picked this)
I wanted to know if a client gifts you a check for your birthday can you put it in the company account or escrow and I think one other option was commingling
@@Realestatefamily4u hi, it is a gift to you and not the client's and so it shouldn't go in an escrow account or be considered as commingling.
Now, depending on the other options, this is what I'm thinking - the money goes to the brokerage and the brokerage pays you. We're not supposed to receive money directly from clients, it always goes through the brokerage. Hope this helps!
The other option was conversion
I have a test coming up next week. Am I able to prepare with you?
This week may be difficult for me
@@realestatetutoress thank you anyway. I passed my national portion! 😊 I was 4 away from state. Thank you for your videos.
@@kellyyenyoung21_ great job! You'll get it the next time. Don't give up
Same need a study partner