Section Three Quiz
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Advertising may guaranty future profits from a real estate activity:
Licenses for real estate marketing organizations only will be granted if the principal persons of the organization are trustworthy and competent to conduct real estate marketing activities in such a manner as to safeguard the interests of the public.
A property manager may authorize another property manager to control and supervise his or her property management activity during the property manager’s absence for a period not to exceed 90 days.
Each principal real estate broker must maintain in the state one or more separate bank accounts that are designated a client trust account.
Under which circumstances may interest accrued on funds in a client trust account be distributed to organizations and individuals for first time home buying assistance and for the development of affordable housing?