Question

Shall be the duty of every licensee to notify the commission within ____ by certified or register mail or hand delivery if the rendering of a final judgement against him in court of competent jurisdiction, the subject matter of which involves a real estate transaction in which he was acting as a licensee, registrant, or certificate holder.

A)5 days
B)3 days
C)6 days
D)10 days

Answer 1

It is the responsibility of every licensee to inform the commission within 10 days if a final judgment involving a real estate transaction is made against them. The correct answer to the question is D) 10 days.

Step-by-step explanation:

It shall be the duty of every licensee to notify the commission within 10 days by certified or register mail or hand delivery if the rendering of a final judgement against him in a court of competent jurisdiction, the subject matter of which involves a real estate transaction in which he was acting as a licensee, registrant, or certificate holder.

The subject of this question is Law. The question refers to the duty of every licensee to notify the commission within a certain time frame if they have received a final judgement against them in a real estate transaction case.

The correct answer is 10 days. It is the duty of every licensee to notify the commission within 10 days by certified or registered mail or hand delivery if they have received a final judgement involving a real estate transaction.

For example, if a licensee is involved in a real estate transaction and a court renders a final judgement against them, they must inform the commission within 10 days.The correct answer to the question is D) 10 days.