1. The Real Estate Commissioner may suspend or revoke a real estate license in all of the following situations EXCEPT when when the licensee... a. was incompetent in the performance of professional real estate activity. b. exhibited fraudulent or dishonest conduct. c. forged a sales transaction document. d. had his drivers license revoked.

2. Lorenzo and Myas offer to purchase a residential property was countered, and they accepted the counteroffer. Both signatures are required on all of the following documents EXCEPT the... a. offer. b. title report. c. sellers counteroffer. d. final Agency Acknowledgement.

3. A broker meets with a property owner about a potential listing and finds that there are two parties that hold title to the property. One owner is away on a trip. Which course of action should NOT be taken? a. Allow the property owner present to sign for herself and the absent party. b. Refuse the listing opportunity until both owners have signed the listing agreement. c. Have the property owner present obtain a notarized power of attorney signed by the second party authorizing the listing. d. Have the property owner present sign the listing contract and explain that the contract cannot be valid until signed by both parties.