An unlicensed personal assistant may perform the following activities: Answer the telephone and forward calls to a licensee . Submit listings and changes to a Multiple Listing Service (MLS) Follow up on loan commitments after a contract has been negotiated .
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.
Which of the following is an allowed activity for an unlicensed assistant quizlet?
What are some examples of activities that an unlicensed assistant may perform? Get status reports on the loan progress , pull together documents for closing, write ads for a broker’s approval, place approved classified advertising.
Which of the following can an unlicensed personal assistant not do quizlet?
Unlicensed assistants can perform secretarial or administrative tasks but may not perform any activity that requires a real estate license, such as preparing a listing contract.
Which of the following may an unlicensed person working in a real estate office perform?
Unlicensed assistants can do a fair amount of paperwork and legwork, leaving the agents free to use their time finding clients and negotiating transactions. List or sell property , prospect for listings, show property, hold open houses alone, or answer buyers’ questions about property.
What can an unlicensed insurance agent do?
(1) Comparing insurance products ; advising as to insurance needs or insurance matters; or interpreting policies or coverages. (2) Binding new, additional, or replacement coverage for new or existing customers; or binding coverage on or recording additional property under existing policies.
How do I get MLS access as an unlicensed assistant?
MLS Access for Unlicensed Assistants: Unlicensed assistants must submit a TMLS Subscriber Agreement along with an Administrative Assistant Authorization Form signed by the Broker-in-Charge and then complete MLS System training (Paragon) online within 30 days.
How long must buyers and brokers keep the documentation on a foreign sale?
In California, brokers and buyers must keep the documentation on the sale of real property by foreign persons for 5 years .
When an agent obtains a listing the first thing she should do is?
Explanation: An agent’s first task in servicing the listing is usually to enter the listing information in the MLS . Once the listing information is submitted, other agents in the MLS will know the property is available and can begin showing it.
Which of the following is a listing whose consideration is not based on a percentage of the selling price?
In a net listing , the broker’s fee is not based on a percentage of the selling price. Instead, the seller’s net sales price (excluding brokerage fees and closing costs) the seller is to receive on closing is stated in the listing agreement.
Which violation of real estate law is a third degree felony quizlet?
Unlicensed practice of real estate for compensation and falsifying an application are felonies of the third degree. The penalty is a fine of up to $5,000 and/or up to five years in jail per offense.
When a change is required to escrow instructions both buyer and seller must agree to?
When a change is required to escrow instructions: Both buyer and seller must agree to amend the escrow instructions .
What can a licensed real estate assistant do in Florida?
Answer the phone and forward calls. Submit listings and changes to any multiple listing service . Follow up on loan commitments after a contract has been negotiated and generally secure status reports on the loan progress.
Which of the following written agreements can create an agency relationship?
The typical written agreement is a listing agreement or a buyer’s agency agreement . The written agreement is the most appropriate and legally safe way to create an agency relationship. Implied agency: Implied agency establishes an agency relationship through the actions of the two parties.
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.
What is a transaction coordinator?
A transaction coordinator’s goal is to handle contracts and disclosures . They are responsible for ensuring that all documents are completed in the proper time frame. The offer will outline when certain documents are due and which parties get them.
