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Quiz 1 of 0

Are online courses right for me?

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Question 1 of 10

1. Question
I am considering taking an online course because:
- Is the account where the payroll taxes for withholding is placed.
- Is a separate account established to hold money belonging to others.
- Should have the words "Operating Account" in its account identification
Correct

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Question 2 of 10

2. Question
When it comes to learning:
- The broker has acted properly by safeguarding the client's interest.
- Such action is proper when the management account balance is sufficient.
- The broker is in violation of regulations for improperly handling escrow funds.
- The broker must use personal funds for repair if there is not enough money in the management account.
Correct

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Question 3 of 10

3. Question
My critical thinking skills are:
- Savings and Loan teller's check
- Electronic transfer of funds
- Cashier's check
- all of the above
Correct

Incorrect
Question 4 of 10

4. Question
My reading and writing abilities are:
- the broker is commingling and could have his license revoked
- the broker may be netting earned commission against earnest money deposits
- the broker is taking a negative ledger short cut, which is okay, but not advised
- all of the above.
Correct

Incorrect
Question 5 of 10

5. Question
When it comes to procrastination:
- have the words "trust" or "escrow" after the type of account.
- be an FDIC account that is state or federally chartered.
- be reconciled monthly by the broker.
- all of these.
Correct

Incorrect
Question 6 of 10

6. Question
I would describe my personal style as:
- capital gains
- rental income
- excessive assets
- authorization to file for homestead rights
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Question 7 of 10

7. Question
The amount of uninterrupted time I have to devote to an online class is:
- money a broker would keep in a trust or escrow account.
- future commissions to be earned.
- buyer's source of funds for a down payment.
- the profits to come from a real estate transaction.
Correct

Incorrect
Question 8 of 10

8. Question
Face-to-face communication is:
- Using earnest money to pay for any personal use.
- Keeping client money separate from other accounts.
- Releasing trust accounts as specified by contract.
- Returning client funds when both parties agree in writing.
Correct

Incorrect
Question 9 of 10

9. Question
My technology skills are:
- Putting funds in the wrong account, either business or personal.
- Putting money into a client's trust account.
- Keeping accurate records.
- Reconciliation errors.
Correct

Incorrect
Question 10 of 10

10. Question
My technology access is best described as:
- to provide an account that is separate from operational or personal accounts.
- to make interest on client funds.
- to comingle easily.
- all of the above.
Correct

Incorrect

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Help!

Leslie replied 4 months, 3 weeks ago 1 Member · 1 Reply

Any advice on how not to panic while taking the exam?
Coffee House

Leslie replied 4 months, 3 weeks ago 1 Member · 1 Reply

How are you?

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Real Estate Training Institute
2650 Beach Blvd., #35 . Biloxi, MS 39531 . (228) 354-8585 . information@msrealtycourses.com

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