A typical outline for questions covering “Administration” on the Real Estate exam includes:

Ø       Terms of license between licensee and broker

Ø       Complete and accurate records

Ø       Company policies, procedures and standards

Ø       Calculating commission for real estate transactions

Ø       Notifications and reports

Ø       Trust accounts

Ø       Supervising and educating the sales force

Ø       Accounting procedures for the office