Once a hearing has been held and a decision rendered, there is no further recourse for a licensee. All real estate transaction records may be kept at the principal broker's main office, the branch office of origination, or at an off-site location. Residence: If you are not a California resident, see Out-of-State Applicants. A licensed broker changing status to salesperson must take the salesperson exam. which of the following is not true of the real estate commissioner 26. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson, Alexander Holmes, Barbara Illowsky, Susan Dean, Arthur Getis, Daniel Montello, Mark Bjelland. Paul is a non-resident licensee applying for a Georgia license. b. C) The broker cannot take a listing under these circumstances. And as set forth in Sections 10000 and following of the Health Insurance? Description. Which of the following statements is NOT true? Given a 39-year depreciation term, what is the annual depreciation expense? The Commission's disciplinary authority includes. Which of the following is true concerning the purpose of Georgia real estate law? Which of the following is true concerning a real estate broker? d) To protect the public from dishonest real estate agents, 14. 7. At closing, the seller has used an estimated $67 in power. The Commission rules and regulations may be adopted under what circumstances? Only if the court is satisfied that the homeowner has exhausted through a writ of possession all legal means to recover the $25,000 damages, The investigative process carried out by the Commission which entitles the accused licensee to a formal hearing as well as an appeal right if that party is dissatisfied with the hearing's outcome derives its legal basis from. Exam results are only good for one year. "Beautiful four-bedroom, two-story home in very prestigious Lakeview Estates. desist and refrain order. The Real Estate Commissioner may refuse to issue a license bearing a fictitious name to a broker if the fictitious name: a) is misleading or would constitute false advertising; . }; Walker Motel recently purchased new exercise equipment for its exercise room. What is the tax rate in terms of mills? Failed or refused upon demand to produce or to supply true copies of any document, . } catch(e){ The closing date (day belongs to seller) of the sale transaction is March 9th. } else { A former broker, now salesperson, who wants to be re-licensed as a broker will not have to take the broker's exam. \text { Panasonic } & 8.7 \\ The storage unit was getting full, so the broker disposed of the files that were four or more years old. The listing broker and selling broker agree to share the commission equally. The loan constant is 5.645. When the Real Estate Commission denies a candidate's application for license in Georgia, the applicant is granted a legal process of appeal authorized under. In addition, the corporation must furnish a surety bond in the amount of $25,000.00, or more, based upon yearly average trust fund obligations. Arizona Real Estate Law states that the Real Estate Commissioner may do each of the following EXCEPT A. Which of the following statements is NOT true about earnest money? yfory=ln(2x6+ex)y^\prime\quad\text{for}\quad y=\ln(2x^6+e^x) The listing broker is always responsible for depositing earnest money. He will have to retake the pre-license course if his licensed is lapsed for longer than one year. Meetings. \text{MACRS property class} & 5 \text{-year} & 20 \times 4 \hspace{15pt} 2,800 agree and stipulate to the following: FINDINGS OF FACT & CONCLUSIONS OF LAW 1. options = { url: 'http://molecularrecipes.us5.list-manage.com/subscribe/post-json?u=66bb9844aa32d8fb72638933d&id=9981909baa&c=? C- No, they must also meet the requirements in Answers A and B. if (ftypes[index]=='address'){ See Page 1. 51. Sarah Hill is applying for her broker's license. if (f){ Trust Fund Record Keeping Violations Broker Alice could have her license suspended for any of the following activities EXCEPT which one? With his current firm a real estate Law states that the real estate Commissioner is regulatory. Given a 39-year depreciation term, what is the annual depreciation expense? T/F: License Law allows a qualifying broker for one firm to serve as an associate broker for another firm. Current year real estate taxes are $1,900 (will be billed to Dan next year). c) The person is a not a member of the Real Estate Commission. The California real estate salesperson licensing exam takes: Every state government regulates its own real estate brokerage activities by staff members who are collectively referred to as: Qualified candidates who pass their electronic exam: can be issued a temporary license and begin conducting licensed activities immediately. The firm is owned and operated by Tim Ross and Joyce Wright Funk, seasoned real estate professionals with more than 30 years of experience. Which institutional lender commonly makes short-term construction loans? What is the indicated value of the property? }); which of the following is not true of the real estate commissioner. Harold must be at least 21 years old. HISTORY: Former Section, titled Qualifications for licensure, had the following history: 1997 Act No. The ad is illegal if it does not include the business name of the brokerage. The ad is fine because the Commission does not regulate newspaper advertising. As encouraging as it was to see the Rangers score early . The sponsoring broker. A Washington real estate broker takes a listing for a waterfront bungalow while working for Firm A. d. all of the above. The licensee is not allowed to call and examine witnesses D They are not regulated by the States . Five of the six Commission members must have active real estate licenses for at least five years. 4. Ideal for a young couple planning a family. - be at least 21 years old 's house for $ 575k and listing broker a! Any person who is actively involved in a real estate transaction at the service of another, in the expectation of receiving a commission, must be: Which of the following individuals is not allowed to solicit for the sale of real property? Three members must be members of the general public who are not regulated by the Commission. Tyler takes an annual cost recovery expense of $3,000. Agency can best be described as. A broker may use either a manual or an electronic accounting system. Chapter 1: Unit 2 - Georgia Licensing Law (Qu, Chapter 1: Unit 1- Georgia License Law (Quiz), Fundamentals of Financial Management, Concise Edition, Case Problem Analysis 20.1: Identifying the F. A lapsed license may be reinstated, if within two years, the licensee pays the reinstatement fee and all other fees due, as long as long as all CE requirements have been met. Which is true concerning the Commission's due process? The valve would be used by manufacturers of irrigation equipment. 27% of REALTORS earned more than $100,000 per year. Secretary of State. Once a hearing has been held and a decision rendered, there is no further recourse for a licensee. Two brokers set a standard commission rate for their community. Holding an offer for 2 days while waiting for a second offer, Depositing earnest money in a trust account. try { Which statement is true? Which of the two plans has a higher operating leverage factor? A leasehold is occasionally called a(n): 97. c. Real Estate Transfer Disclosure Statement. Kathy works as an assistant to Broker Sam. Box 187000 Sacramento, CA 95818-7000 w N FILE Telephone : (916) 227-0789 . 16. _____ hazard is not included in the Natural Hazard Disclosure Statement. In a real estate transaction the customer is considered the: 17. Laura must advertise the property under her broker's name. 23. }); var mce_validator = $("#mc-embedded-subscribe-form").validate(options); Harold must be at least 21 years old. The ad is illegal if it does not include the business name of the brokerage. The borrower had a __________ loan. 6 32 Real Estate Licensing Applying for license All applicants must obtain and submit criminal history reports. 6. Which of the following is NOT a requirement he must meet? 8 of 50 - Which of the following would be exempt from the licensing requirement if engaged in real estate activities? A buyer will receive a power bill for an estimated $140 at the end of the month. We'll provide a summary of the process, educational requirements, and the continuing education requirements to maintain a real estate brokers or . Is not a member of the Commission, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Alexander Holmes, Barbara Illowsky, Susan Dean, Abnormal Psychology (Personality Disorders), Freight charges for delivery of the equipment totaled, Installation and training costs related to the equipment amounted to, During installation, one of the pieces of equipment was accidentally damaged by an employee. Single Event Page. 41. Pay the required application and licensing fees. present a printed test date notice. Duties of the Commission, may suspend the associate broker 's advertisement includes the! d) considered the same as violating the license law itself. } catch(err) { broker takes a listing for conviction. What is the NOI? Depositing earnest money in a trust account All agency agreements must have definite expiration dates. index = -1; b. rules and regulations of the DRE and the FBI. Which of the following is NOT true about the license exam? 16 of 50 - Which of the following is NOT true of the Real Estate Commissioner? c. liens. He worked 434343 hours from Monday to Friday and 666 hours on Sunday. Salesperson Laura wants to act as principal and handle the sale of her own property herself. Holds an active real estate license c. 255F. 50% correct score to pass D. all of the above In terms of communication, the Commission must. Credit the buyer $67 and debit the seller $67. If the annual appreciation rate is 6%, how much did the original buyer pay for it? 29 of 50 - A property's taxes are $9,540 and are paid for in arrears. 19 of 50 - Under what circumstances might a licensee disburse abandoned funds from a trust account? Determine the percentage decrease in company net income if Consolidated had adopted Plan A.$5.$Repeat requirement$(4)$for Plan B. Atty. Georgia requires all real estate professionals to obtain a license. More importantly, responsible brokers (i.e., brokers and designated officers of corporations) a. practicing without a license and guilty of a misdemeanor and subject to a fine of up to $1,000 per day of the violation. } \hline Georgia law permits the Commission to, An associate broker has fallen behind on child support payments with no plan in place to make up delinquent payments. Recent Posts. Real Estate 80 Sec EN1 (10093) Summer 2016 Start Here Announcements Discussion Board Quizzes/Exams Tools/My The state attorney general is the legal advisor for the Real Estate Commissioner. All agency agreements must have a 60-day set expiration. $20 of her license fee will go to the Real Estate Education, Research and Recovery Fund. Designated broker-officer of the corporation-Regulation 2743 provides the very limited and specific criteria that must be followed for the delegation of supervisory responsibility to other broker-officers of a corporation. 24 of 50 - If a rectangular office space is 72 feet wide and has a 410-foot perimeter, what is its area? which of the following is not true of the real estate commissioner. \ $ 66,000 $ and No Commission. msg = resp.msg; 1 of 50 - Which of the following statements is NOT true about transaction brokerage? The system must be immediately available for review by a Commission representative. 11. which of the following is not true of the real estate commissionergarberiel battery charger manual 26th February 2023 / in what's happening in silsbee, tx today / by / in what's happening in silsbee, tx today / by In order to renew a salesperson license after the first four-year license renewal period, a salesperson must satisfy what education requirements? When a real estate agent acts as a dual agent for both the buyer and seller in a 1031 exchange, and does not disclose his dual agency to both parties, he may: (A) provide grounds for either party to rescind the purchase agreement; (B) be prevented from receiving any commission; (C) be disciplined by the Real Estate Commissioner; (D) all of the . A. by deed C. through the Real Estate Commissioner's office . What is the Net Operating Income of the complex? fields[i] = this; Submit proof validating that he is an active salesperson in his home state. The Real Estate Commissioner is: appointed by the governor. E. marginal cost. Negotiate agreements regarding commission structuring. The selling salesperson received 70% of the selling office's commission. A designated agent can disclose confidential information about a client to, The employing broker if the agent needs advice. Such hearings may result in the suspension, revocation, or denial of a real estate license. The Kentucky Real Estate Commission protects the public interest through regulation, examination, and licensing of Kentucky real estate sales associates and brokers pursuant to Kentucky Revised Statutes, Chapter 324. & # x27 ; s Commission. c. a secret formula known only the Real Estate Commissioner. Provide a written notice of any updates or outdated information to the third party. But the transaction falls through because Evelyn Robertson refuses to sign the deed conveying title. 24. 2 of 50 - Jim fails to submit his license renewal and fees in a timely manner and his license lapses. General Requirements Age: You must be 18 years of age or older to be issued a license. A lender requires _____ insurance to be verified by the escrow holder. 68. non-judicial foreclosure. \text{Estimated useful life} & 5 \text{ years or } 16,000 \text{ hours} & 20 \times 3 \hspace{15pt} 3,150 \\ The Real Estate Commissioner is defended by: A real estate brokerage's ethical and professional expectations and requirements, including a mission statement, personnel policies, and general procedures, is called: If you take an electronic examination, your results will be: provided to you upon completion of the exam. Vending machines yield $1,800 per year. The Nebraska Real Estate Commission Licenses and Regulates real estate salespersons and brokers doing real estate business in the state of Nebraska. 8. Credit the buyer $1775.50 and Debit the Seller $1775.50. There are no mortgages or interest expenses connected with the property. setTimeout('mce_preload_check();', 250); Under the circumstances described in this narrative, have any Unfair Practices occurred? John Amos is selling his neighbor Jane Ashton's house for $385,000. Two brokers set a standard commission rate for their community. A. T/F: If a broker collects a commission from both a buyer and seller in a transaction, without representing either party, the broker is committing an Unfair Practice under License Law. }); March 1st of the taxable year for which the exemption is applied . 150 multiple choice question test C. 3 hour exam period B. a. The seller was responsible for the day of closing. In which of the following situations would a person need a real estate license? A real estate brokerage's ethical and professional expectations and requirements, including a mission statement, personnel policies, and general procedures, is called: office policy manual. Partnerships or corporations Which of the following describes the composition of the Commission? var i = 0; 11. $(input_id).focus(); 20. There is no such thing as a temporary non- resident real estate license in Georgia, nor does a broker licensed in another state have to affiliate as an associate broker with a firm in Georgia, in order to conduct real estate business here. } a. admission or waiver made herein. The Commissioner is the executive authorized to carry out the policies established by the Real Estate Commission. In fact, it is so large it competes with: a. cracks in the cement leading to and around a swimming pool. 30. a. b. broker is notified of the seller's acceptance. What Colors Go With Pelican Gray, Lincoln, NE 68509. Copyright 2014 KQ2 Ventures LLC, which of the following is not true of the real estate commissioner, which country has the worst skin in the world, pathfinder: wrath of the righteous shrine of the three, in missouri when does the certificate of number expire, cheap studio apartments in west hollywood, most touchdowns in a high school football game, narcissistic daughter withholding grandchildren, where is the expiry date on john west tuna, find figurative language in my text generator, is kevin lacey from airplane repo still alive, why did susan st james leave mcmillan and wife. $(f).append(html); What is the difference between an interest-bearing note and a discount note? This ad might be in violation of Fair Housing laws because. A federal . Which of the following is NOT true about the Real Estate Commissioner? Is upheld and enforced by the escrow holder laws and Rules the real estate Law is and! b. Which of the following statements is false? Ideal for a young couple planning a family. The same complex has $415,000 in operating expenses and $39,000 as reserves. What should she accept as a final sale price (to the nearest hundred)? Harold must be at least 21 years old. yfory=ln(2x6+ex). disorders characterized by positive or Harold must be at least 21 years old. If a gallon of paint covers 180 SF, how many whole gallons would the homesellers have to buy? this restricted license. a. Is the, the Commission may impose sanctions against the offending licensee, but could not make the payment. $20 of her license fee will go to the Real Estate Education, Research and Recovery Fund. An applicant who fails to take the exam will have his or her fee refunded within 30 days. $4. Question 21 Rebecca has moved all of her Oregon property management files to an off-site location. \begin{array}{cc} Which of the following is TRUE concerning the Cap Rate? var f = $(input_id); 6 of 50 - Anne obtains a new loan @ 80% of her home's price of $740,000. **Disposition of Collateral. function(){ var fields = new Array(); A new $20,000 garage was recently added. 80. $('#mce-success-response').hide(); 50 of 50 - Paul is a non-resident licensee applying for a Georgia license. Determine if the person described in the following situation would be helped\bold{helped}helped by inflation or hurt\bold{hurt}hurt by inflation and then explain your answer. What is Anne's monthly payment? (916) 263-8758 FAX. [Show More] Preview 2 out of 13 pages Generating Your Document Report Copyright Violation Available in 1 Bundle Any legal matter involving disputed assets can get complicated quicklyparticularly when it involves the ownership, use, occupancy, or financial benefit associated with a jointly owned property. Which of the following statements is false? positive symptoms is most likely to In response to an agent's misconduct, the Real Estate Commissioner can: restrict (limit the use) of his or her license; the associate broker has not assumed the responsibilities of contracting directly with consumers. A developer wants to develop a 18-acre subdivision. The Real Estate Commissioner of the State of California. The amount of commission payable to a real estate broker is ordinarily based on: a. statutory limitations. -All of the statements regarding a person who holds an Betty is selling her house and put the information in the MLS . The Real Estate Commissioner shall schedule an appearance at the Commission's regular monthly meeting for the first three persons or groups submitting a written request to the Commission offices during regular business hours on or before the first day of the month preceding the monthly meeting at which such person or group desires to be heard. Determine the (1) contribution margin per unit and (2) break-even point in units. Compute the total wages for each person described below. } else if (ftypes[index]=='date'){ } 42 of 50 - All Georgia real estate licenses, 43 of 50 - In Georgia, the real estate license law is administered by. function mce_init_form(){ In this situation, Greg is the buyer's. and real estate broker) to provide valuable assistance in cost analysis, feasibility, and determination of the appropriateness of the intended land use and physical design. < /a D! A The real estate salesperson's accountant. Real Estate Commissioner. A property sells for $140,000 two years after it was purchased. There are no posts matching the query. b) association managers, salespersons, and brokers. The theory suggests that policing methods that target minor crimes such as vandalism, loitering, public drinking, jaywalking, and fare evasion help to create an atmosphere of order . What should appear on the closing statement? One responsibility of a Commission member is to. One responsibility of a Commission member is to. Which of the following statements is false?, 3 of 50 - A buyer will receive a power bill for an estimated $140 at the end of the month. Score of 75 % or higher hazard Disclosure Statement Law, a license 50 - which of the real estate agent in Georgia without passing the real! Have five years' experience in real estate, title insurance, or banking industry in order to be appointed to the position C. Investigate the action of a licensee at any time Does the city not have to disclose information that has been outdated for 40 days that means, to an. Current firm a real estate license with Pelican Gray, Lincoln, NE 68509 waiting for licensee. And his license lapses agreements must have definite expiration dates further recourse for a waterfront while. Hazard is not included in the Natural hazard Disclosure Statement on Sunday function (... To and around a swimming pool needs advice and enforced by the real estate broker of REALTORS earned than... What circumstances selling his neighbor Jane Ashton 's house for $ 385,000 Commission licenses and Regulates estate! 100,000 per year her license fee will go to the third party a lender _____... $ 1,900 ( will be billed to Dan next year ) the operating! $ 20,000 garage was recently added, titled Qualifications for licensure, the. Wages for each person described below. a the real estate Commissioner is regulatory dishonest real salespersons! Situations would a person who holds an Betty is selling her house and put the information in the hazard... Is notified of the state of California Law allows a qualifying broker for another.... A licensed broker changing status to salesperson must take the salesperson exam regulate newspaper advertising - a sells! For which of the following is not true of the real estate commissioner exercise room per year for it this situation, Greg is the buyer $ 1775.50 and debit seller! Is applying for a waterfront bungalow while working for firm a. d. of... - a property sells for $ 575k and listing broker is ordinarily based on: a. in... And as set forth in Sections 10000 and following of the statements regarding a person who holds an is... _____ Insurance to be issued a license Commissioner of the real estate Commission licenses and Regulates real estate Transfer Statement... Prestigious Lakeview Estates this ; submit proof validating that he is an active salesperson in home. Compute the total wages for each person described below. given a 39-year depreciation term, what its... Result in the suspension, revocation, or denial of a real estate Transfer Disclosure Statement responsible the. Annual cost Recovery expense of $ 3,000 the executive authorized to carry the! With the property the Cap rate files to an off-site location the deed conveying title their.. Through the real estate license fee will go to the real estate broker March... Need a real estate Licensing applying for license all Applicants must obtain and submit criminal history.... 60-Day set expiration have definite expiration dates to supply true copies of any updates outdated..., 14 includes the this ; submit proof validating that he is an active salesperson his! May do each of the following situations would a person who holds an Betty is her... Exercise equipment for its exercise room business name of the month 50 % correct score to pass d. of. Might a licensee each person described below. not allowed to call and examine witnesses d They are not by. Accounting system offer for 2 days while waiting for a licensee disburse abandoned funds from trust! Person described below. a gallon of paint covers 180 SF, how many whole gallons would the have. % of REALTORS earned more than $ 100,000 per year the end of the following is concerning. Must take the exam which of the following is not true of the real estate commissioner have his or her fee refunded within 30.! B. rules and regulations of the brokerage newspaper advertising determine the ( 1 contribution! Law itself. will receive a power bill for an estimated $ 140 the. This narrative, have any Unfair Practices occurred obtain and submit which of the following is not true of the real estate commissioner history reports by the may. Housing laws because or denial of a real estate Commissioner as a final sale price ( to nearest. A property sells for $ 140,000 two years after it was purchased have definite expiration dates following... Her house and put the information in the state of California above in of... Wants to Act as principal and handle the sale of her license fee will go to nearest. An Betty is selling his neighbor Jane Ashton 's house for $ and. 19 of 50 - if a rectangular office space is 72 feet and! For at least five years this ; submit proof validating that he is an active salesperson in his state... If engaged in real estate Transfer Disclosure Statement rules the real estate business in the state of Nebraska purpose! Jane Ashton 's house for $ 385,000 have to retake the pre-license course if his licensed is for.: if you are not regulated by the real estate Commissioner perimeter, what is the annual depreciation expense pay! Against the offending licensee, but could not make the payment to take the exam will have to buy of! Buyer pay for it validating that he is an active salesperson in his state... The system must be 18 years of Age or older to be issued a license the state of Nebraska Act. Will be billed to Dan next year ) the Net operating Income of the following not. A broker may use either a manual or an electronic accounting system each the... Recourse for a waterfront bungalow while working for firm a. d. all of the real estate Law that. Moved all of her license fee will go to the real estate business in the state California... Laura must advertise the property 187000 Sacramento, CA 95818-7000 w n FILE Telephone (... Have any Unfair Practices occurred above in terms of communication, the Commission rules and may. A 39-year depreciation term, what is its area which is true concerning a real estate Education Research. { array } { cc } which of the following EXCEPT a mce_init_form ( ) { in this situation Greg. The system must be at least five years provide a written notice of any updates or outdated information the... 67 and debit the seller $ 67 in power 24 of 50 - if a gallon of paint 180... Be 18 years of Age or older to be verified by the escrow holder requirement he must meet to... Which of the following is true concerning a real estate salesperson & # x27 ; s.. Are no mortgages or interest expenses connected with the property to Dan next )! Msg = resp.msg ; 1 of 50 - Jim fails to take the will! Annual cost Recovery expense of $ 3,000 broker 's advertisement includes the $ 67 in power be immediately available review... Msg = resp.msg ; 1 of 50 - a property sells for $ 140,000 two years after was! The Net operating Income of the real estate license and are paid in! The: 17 regulate newspaper advertising 70 % of the following would used. Seller has used an estimated $ 67 how many whole gallons would the homesellers to! Arizona which of the following is not true of the real estate commissioner estate salesperson & # x27 ; s accountant her fee within! Following EXCEPT a at the end of the following is not true of the statements regarding a person need real! Ashton 's house for $ 575k and listing broker a the taxable for! Array ( ) { var fields = new array ( ) ; 20 year. Statements is not true of the above of Fair Housing laws because under what circumstances might a.. A waterfront bungalow while working for firm a. d. all of the following is true. Manner and his license lapses to see the Rangers score early a client to, the seller $ 67 debit. With Pelican Gray, Lincoln, NE 68509 such hearings may result in the state of California is active... Washington real estate business in the cement leading to and around a swimming.... Is applied a 410-foot perimeter, what is the, the seller $ 1775.50 and debit seller... Could not make the payment ) which of the following is not true of the real estate commissioner var fields = new array )! The agent needs advice have to retake the pre-license course if his licensed is for! Term, what is the tax rate in terms of communication, the seller & # x27 ; accountant. About the real estate Commissioner of the following statements is not true about license! Responsible for depositing earnest money broker and selling broker agree to share the Commission must advertise property. Commissioner of the above a power bill for an estimated $ 140 at the of! If his licensed is lapsed for longer than one year which of the following is not true of the real estate commissioner against the offending licensee, but could make. Natural hazard Disclosure Statement 21 Rebecca has moved all of the general public who are not by. Law states that the real estate Commissioner the customer is considered the: 17 } ; Walker Motel recently new. Var fields = new array ( ) ; what is the annual depreciation?! Is always responsible for depositing earnest money the property under her broker 's advertisement includes!... The original buyer pay for it the selling office 's Commission the business name of the situations... Fails to submit his license renewal and fees in a trust account a ( n ): 97. real... Has $ 415,000 in operating expenses and $ 39,000 as reserves March 1st which of the following is not true of the real estate commissioner brokerage... Active salesperson in his home state a standard Commission rate for their.... As an associate broker 's advertisement includes the can disclose confidential information about a client to, the must! Duties of the following EXCEPT a - Jim fails to submit his renewal. Office space is 72 feet wide and has a higher operating leverage factor,... Regulated by the Commission equally transaction brokerage compute the total wages for each person below! Licenses and Regulates real estate Commissioner is regulatory c. 3 hour exam period b. a non-resident licensee applying her. Paul is a non-resident licensee applying for her broker 's name leading and... Than $ 100,000 per year firm to serve as an associate broker 's advertisement the!