1. Duties and Powers of Real Estate Board of Registration
    1. Appointment Authority
    2. Number and Composition of Board
    3. Meeting Requirements
    4. Power of Board
      1. Promulgate and Administer
      2. Conduct Examinations
      3. Examination of Records
      4. Hearings and Appeals
      5. Suspend Revoke, Refuse to Renew License and Reinstate
  2. Licensing Requirements
    1. Activities Requiring a License
      1. Sales
      2. Exchanges
      3. Purchases
      4. Rentals/Leases
      5. Negotiates
      6. Offers
      7. Listing
      8. Options
      9. Advertises Agency
      10. Prospecting
      11. Loan Negotiating
      12. Apartment Search
  3. Types of License
    1. Broker and Salesperson
    2. Corporate vs Individual
    3. Resident and Non-resident
  4. Eligibility for Licensing
    1. Classroom Instruction
    2. Written Examination
    3. Age Requirement
    4. Bond
    5. Broker Experience Requirement
    6. Residency
    7. Temporary License on Death of Broker
  5. License Renewal - Term, Fees and Bond
  6. Exemptions to Licensing
    1. Individual Acting for Themselves
    2. Salaried Employee/manager
    3. Auctioneer
    4. Trustees
    5. Public Officer/Employee
    6. Power of Attorney
    7. Attorney - Acting for Client
    8. Court Appointee
    9. Bank/Credit Union/Insurance Co.
  7. Statutory Requirements Governing Activities of Licensees
    1. Advertising
      1. Blind Advertising
      2. Salesperson Ads
      3. Discriminatory Advertising
    2. Broker Salesperson Relationship
      1. Independent Contractor vs. Employee
      2. Salesperson must work for Broker
      3. Salesperson can't sue Principal
      4. Salesperson can sue Broker
    3. Commissions
      1. Agreement of Parties (Principal & Broker)
    4. Disclosure/Conflict of Interest
      1. Undisclosed Principal (incl. Kin)
    5. Handling of Documents
      1. Present all Offers
      2. Distribute Contract to all Parties
    6. Handling of Moneys
      1. Deposits - Purchase and Rental
      2. Escrow Account
      3. Return of Deposit
    7. Net Listings - Define/Illegal
    8. Maintenance of Place of Business
      1. Notify Board of Location ( incl. change)
      2. Notify Board of Relationship of all Licensees Include Start/Stop dates
      3. License Display
    9. Record Keeping
      1. Escrow Documentation
      2. Board Inspection
    10. Legal Advice - Illegal to Recommend Against Use of Attorney
    11. Out of State Property
      1. Registration and Disclosure
    12. Apartment Listing Service Requirement