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Details Title: Real Estate Description: Lesson 4 Total Flash Cards: 30 Created: 04/08/2006 11:02:30	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term Summary of Michigan License Law Complete During Class Definition Term define real estate broker Definition define Term define real estate salesperson Definition define Term exemptions from license requirements Definition exemptions Term broker office requirements Definition broker Term experience requirements broker Definition broker Term experience class requirement for salesperson based on code include continuing ed if necessary Definition salesperson Term education requirement for broker Definition broker ed Term education requirment continuing for salesperson Definition salesperson Term real estate commission Definition number of members appointment qualifications term Term real estate commission info Definition penalty for violation powers Term application for license procedure and fee salesperson Definition fee procedure Term application for license and fee broker Definition fee application procedure Term expiration and renewal procedures Definition license good for how long Term transfer of license Definition transfer Term branch offices and regulation Definition branches Term discharge or termination of employment of salesperson Definition salesperson Term provision for trust accounts Definition trust accounts Term trust accounts Definition trust accounts Term death of broker Definition death of broker Term bonding Definition bonding Term convictions Definition convictions Term effects of contract Definition effects of contracts Term commingling Definition commingling Term fee splitting with unlicensed persons Definition fee splitting Term sponsorship Definition sponsorship Term fingerprinting Definition fingerprinting Term steering/blockbusting Definition steering/blockbusting Term interstate land sales Definition interstate land sales Term grounds for suspension or revocation Definition ground for suspension or revocation