Real Estate Broker Records Keeping Quiz

7 Questions

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Real Quizzes & Trivia

Questions and Answers
  • 1. 
    Do your agents turn in every offer they write or receive regardless of outcome?
    • A. 

      Yes

    • B. 

      No

  • 2. 
    Do your agents turn in every lease application written or received?
    • A. 

      Yes

    • B. 

      No

  • 3. 
    Does your office issue the Denial of Rental Application "DRA" or a similar form on rejected lease applications?
    • A. 

      Yes

    • B. 

      No

  • 4. 
    Do they turn in a copy of all text or email correspondence?
    • A. 

      Yes

    • B. 

      No

  • 5. 
    Does your office have a record of deposit receipts, canceled checks, trust records on every transaction?
    • A. 

      Yes

    • B. 

      No

    • C. 

      I think so

  • 6. 
    Does your office store all the records for a min of 3 years
    • A. 

      Yes

    • B. 

      No

  • 7. 
    What is the #1 complaint received by the BRE from licensees and consumers?
    • A. 

      Agents working with expired licenses

    • B. 

      Improper handling of trust funds

    • C. 

      My offer was never presented to the seller