1. Which of the following is not a course required before taking the real estate managing broker exam? real estate finance. real estate brokerage management. advanced real estate law. business management. 2. You have taken and passed the real estate broker exam and are activating your license with ABC Realty. When will your license expire? On your next birthday. Two years from the date you took the exam Two year from the date you activated the license On the next renewal date for the firm's license 3. Which of the following must obtain a real estate license? Any person who purchases property and/or business opportunity for his or her own account Any duly authorized attorney in fact acting without compensation Any person providing referrals to licensees who is not involved in the negotiation, execution of documents provided compensation is not contingent upon receipt of compensation by the real estate broker or firm All of the above are exempt from the real estate license law. AB} 4. Which of the following is an accurate statement? A real estate licensee is required to provide the Department of Licensing with a current mailing address. A real estate licensee is required to provide the Department of Licensing with their current home address. All contact responsibilities lie with the designated broker. There are no additional address responsibilities once a real estate license is issued