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EAA Exam

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gunpowder's version from 2015-09-16 09:00

Code of Ethics

Question Answer
A licensee should notify EAA on change of registered adress within14 days
If your lic card is lost or stolen how long to reapplyas soon as practicable
If lic renewal is refused / revoked a licensee should not apply for how long12 month / 1 year
Should apply for renewal of lic withinnot more than 3 mo. not less than 1
In event of investigation by EAA one shouldproduce documents, provide explanation, give all assistance
How long to notify EAA if ceasing to engage in estate agency work31 days
Licensed estate agent should state WHAT in any letter, account, recipe, pamphlet, brochure, other document AND advertisementslic number / business name / place of business
A licensed estate agent who carries on the business of estate agency work should ensure that each of his officeis under separate control and management of a manager appointed by him and that he is lic.
When receives money shoulduse the money to make payments to his clients as his client directs in writing
A licensed estate agent should notify EAA by completing FORM 9 in the Schedule th the PR with how many days of employing or terminating salesperson31 Days
Estate agent should notify EAA --- Days of his appointing or terminating appointment of manager31 days
When lic employee receives money of an accountshould pay such monies to estate agent who employs him or TRUST ACCOUNT maintained by such estate agent / company
A licensed estate agent / salesperson should, before accepting appointment form a person to act for that personinform that person that her is a lic. estate agent and his lic. #
memorize

 

Question Answer
In acting for a Vendor in the sale of a property, or in action for a purchaser when Vendor is not represented by any estate agent, a licensed estate agent should completeFORM 1
In acting for the LANDLORD in the leasing of a property, or in acting for a tenant when the landlord is not represented by any estate agent, a licensed estate agent should complete FORM 2
In acting for a vendor in the sale of a property, a licensed estate agent should enter intoFORM 3 with he VENDOR
In acting for a purchaser in the purchase of a property, a licensed a\estate agent should enter intoFORM 4 with the WENDOR
In acting for the LANDLORD in the leasing of a property, a lic. estate agent should enter intoFORM 5 with the LANDLORD
In acting for the TENANT in the leasing of a property, a licensed estate agent should enter intoFORM 6 with the TENANT
memorize

 

Property Information
Question Answer
With regard to any property an estates agent shouldmaintain info form forms, keep accurate info, inform of all offers, disclose all money issues including commissions, inform if acting as both purchaser and clint
memorize

 

Estate Agency Agreements
Question Answer
A lic. agent should enter into and estate agency agreement with a VENDOR on the happening of one of the following eventsa) within 7 working days of accepting instruction to sell or lease, b) prior to advertising, C) prior to singing agreement for sale and purchase / lease
A lic. agent should enter into and estate agency agreement with a PURCHASER on the happening of one of the following eventsa) prior to arranging and inpection of a property by the purchaser, b) prior to the signing of and agreement for sale for purchase / lease
memorize

 

Question Answer
How many days after an exceeded agency agreement to give a copy to the client and supporting docs7 days
memorize

 

Question Answer
A licensee should not solicit a property know to be litsted by anther lic. estate agent unlessthe licensee has drawn to the attention to the fact that he may be liable for additional commission if he enters into anther estate agency agreement
How long should an estate agent keep a record of all the licking of properties and agreementsnot less than 3 years
memorize

 

Advertising
Question Answer
An lic. estate agent should not advertiserental property different form that instructed by the vendor AND not telling if its a sublet if it is
memorize

 

Question Answer
Before a client who is not legally represented enters into an agreementexplain the mining of each clause
memorize

 

Question Answer
After signing an agreementshould stop marketing the property or disclose any further offers to the vendor
memorize

 

Commission
Question Answer
A SUB listing agent should not demand commission fromthe client
memorize
A lic. estate agent should issue a written receipt
A lic estate agent

 

Question Answer
Effective control of estate agent operations meanshaving proper procedures or systems to supervise and mange the business
memorize

 

Question Answer
You can apply for grant to reinstate ceased or suspended lic after24 months
memorize

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