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87 A broker who receives deposit money from a buyer must A. deposit the money in an interest-bearing trust account. B. receive written authorization from the broker before depositing the funds in the broker's escrow account. C. disclose to the buyer the name of the institution where the money is deposited. D. disclose to the seller that the money had been deposited. 88. With regard to hearings and penalties, which of the following is NOT a correct statement? A. A hearing may be before duly authorized representatives of the Commission. B. After a hearing, the Real Estate Commission can impose a civil penalty. C. After a hearing, the Real Estate Commission can impose a criminal penalty. D Open the individual hoo on opportunity to be beeding the C. minnion quepond Hoones

87 A broker who receives deposit money from a buyer must A. deposit the money in an interest-bearing trust account. B. receive written authorization from the broker before depositing the funds in the broker's escrow account. C. disclose to the buyer the name of the institution where the money is deposited. D. disclose to the seller that the money had been deposited. 88. With regard to hearings and penalties, which of the following is NOT a correct statement? A. A hearing may be before duly authorized representatives of the Commission. B. After a hearing, the Real Estate Commission can impose a civil penalty. C. After a hearing, the Real Estate Commission can impose a criminal penalty. D Open the individual hoo on opportunity to be beeding the C. minnion quepond Hoones

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87 A broker who receives deposit money from a buyer must A. deposit the money in an interest-bearing trust account. B. receive written authorization from the broker before depositing the funds in the broker's escrow account. C. disclose to the buyer the name of the institution where the money is deposited. D. disclose to the seller that the money had been deposited. 88. With regard to hearings and penalties, which of the following is NOT a correct statement? A. A hearing may be before duly authorized representatives of the Commission. B. After a hearing, the Real Estate Commission can impose a civil penalty. C. After a hearing, the Real Estate Commission can impose a criminal penalty. D. Once the individual has an opportunity to have a hearing, the Commission can refuse, suspend, or revoke a license. 89. Maya, a buyer, visits a new sub-division. An employee, David, greets Maya, shows the her through the development, answers her questions, and attempts to negotiate the sale of one of the houses. David is violating Pennsylvania's real estate licensing laws if he is A. a builder-owner salesperson employed by the builder-owner. B. a licensed salesperson employed by a broker. C. the owner of the development. D. an independent contractor of the builder-owner. 90. The Real Estate Commission may conduct A. interviews with members of the public while conducting an inspection. B. routine or special inspections of a real estate office with no prior notice. C. special inspections at main office locations only. D. a special inspection with no specific reason.
Transcribed Image Text:87 A broker who receives deposit money from a buyer must A. deposit the money in an interest-bearing trust account. B. receive written authorization from the broker before depositing the funds in the broker's escrow account. C. disclose to the buyer the name of the institution where the money is deposited. D. disclose to the seller that the money had been deposited. 88. With regard to hearings and penalties, which of the following is NOT a correct statement? A. A hearing may be before duly authorized representatives of the Commission. B. After a hearing, the Real Estate Commission can impose a civil penalty. C. After a hearing, the Real Estate Commission can impose a criminal penalty. D. Once the individual has an opportunity to have a hearing, the Commission can refuse, suspend, or revoke a license. 89. Maya, a buyer, visits a new sub-division. An employee, David, greets Maya, shows the her through the development, answers her questions, and attempts to negotiate the sale of one of the houses. David is violating Pennsylvania's real estate licensing laws if he is A. a builder-owner salesperson employed by the builder-owner. B. a licensed salesperson employed by a broker. C. the owner of the development. D. an independent contractor of the builder-owner. 90. The Real Estate Commission may conduct A. interviews with members of the public while conducting an inspection. B. routine or special inspections of a real estate office with no prior notice. C. special inspections at main office locations only. D. a special inspection with no specific reason.
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