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