1. A sales agent wants to obtain his/her broker license. In order to accomplish this the sales agent must:

A. Take an additional 120 hours of education approved by the state and pass an approved test

B. Have earned 60 points within the last five years.

C. Have a minimum of at least three full years’ experience in the real estate business

D. All of the above

2. What type of agent is a property manager usually considered a:

A. General agent

B. Special agent

C. Subagent

D. Limited agent

3. A monthly statement that details the financial status of the property for the owner is:

A. Budget Comparison Statement

B. Profit and loss statement

C. Cash flow report

D. Financial report

4. It is unlawful for a person that is licensed or required to be licensed to:

A. To represent both the buyer and the seller in the same transaction

B. To breach a fiduciary duty owned by the licensee to their principal

C. Only represent one party in the transaction

D. To only received compensation from their principal broker