Test

In order to collect an advance fee:
A. The advance fee agreement must be on le with the BRE
B. The broker needs an MLO license endorsement
C. The broker needs a PRLS license
D. The fee must be limited to 2 percent of transaction value
An applicant was denied a real estate license based on the Federal Personal Responsibility and Work Opportunity Act. The applicant was:
A. A minor
B. Receiving public assistance
C. An illegal alien
D. A convicted felon
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