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1. A dispute arises between seller Jim and buyer Mary on the disposition of escrowed funds. Both agree in writing with broker Gene that the method that should be used to resolve this dispute, namely, to turn it over to a third party for a recommended solution is:
a. representation
b. arbitration
c. mediation
d. litigation
2. An active salesperson became so involved in his second job that he allowed his license to expire. At that point the licensee has as involuntary inactive license. What must this salesperson do to obtain an active license after five years have elapsed?
a. complete 28 Hours of Reactivation
b. must first complete FREC Course 1.
c. must first complete two 14 Hour Continuing Education Course by correspondence.
d. must complete a 42 Hour Reactivation Course and pay all late fees.
3. An inactive broker in a brokerage corporation or brokerage partnership may perform which of the following?
a. do the advertising of the entity as long as/he does not talk to the public.
b. negotiation of offers
c. the eight services of real estate
d. none of the above.
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