CA Real Estate Principles CH 1-15 All Review Questions and Answers 100% correct!
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Course
CA Real Estate Principles CH 1-15
Institution
CA Real Estate Principles CH 1-15
The real estate law is found in the - ANSWER buisness and professions code
The real estate commisioner reports to the - ANSWER Governor
Sam owns 25%, Barbara owns 75%: this division of ownership is: - ANSWER Acceptable
Sam is part owner of X Realty. When broker is absent Sam reviews wor...
,CA Real Estate Principles CH 1-15 All
Review Questions and Answers 100%
correct!
The real estate law is found in the - ANSWER buisness and professions code
The real estate commisioner reports to the - ANSWER Governor
Sam owns 25%, Barbara owns 75%: this division of ownership is: - ANSWER
Acceptable
Sam is part owner of X Realty. When broker is absent Sam reviews work of sales
associates. This is: - ANSWER Mandated
A real estate business that is a partnership can have more than 1 office location,
provided: - ANSWER A broker partner obtains an additional licence for each location
The sale or transfer of goods ordinarily held for sale in the course of business is
governed in California by the: - ANSWER Uniform Commercial Code
If an officer of a corporation (not a real estate agent) sucessfully negotiated a purchase
of a property on behalf of said corporation and received a commission on the sale in
addition to his normal salary: Todd: - ANSWER Should have had a real estate license
A real estate license is not renewed before it expires, the licensee must: - ANSWER
Cease all real estate activities
A real estate license can offer a mobile home for sale that is: - ANSWER In a location
where it can legally remain for 1 year
For an agent to accept gifts/bribes to sway seller to chose them is (without informing
seller), this practice is: - ANSWER Prohibited
Broker to place earnest money in his/her personal account for overnight safekeeping is:
- ANSWER Prohibited
, Broker -officer does not like aggressive sales persons, but does not reprimand them
due to profits. This conduct is: - ANSWER Discouraged
A broker who uses an unlicensed person to show houses (though broker does
paperwork) is: - ANSWER Prohibited
A broker/agent can push closing date of sale if seller is away and unavailable to
approve (which they most likely would not mind) is: - ANSWER Prohibited
Keeping a murder from potential buyers is: - ANSWER Prohibited
Busy Brokers who don't return phone calls from their principles (due to being busy in
the field making sales) is: - ANSWER Discouraged
Broker Bob is given an offer of $50K by Kim to buy Property X. He gives the
homeowners an offer of $85 for himself only. This conduct is: - ANSWER Prohibited
List your house with me (a new broker) and I'll give you $500 at closing. This practice
is: - ANSWER Acceptable
Real property is NOT: - ANSWER moveable
The sale of real property generally is governed by the laws of: - ANSWER the state
where the real property is located
The sale of personal property generally is governed by the laws of: - ANSWER the
state where the owner of the property resides
Real property governed vs personal property governed - ANSWER Real - property
location / personal - where owner resides
In California, the Uniform Commercial Code governs sales transactions involving: -
ANSWER bulk sales of goods
For real estate to be conveyed, there must be an accurate: - ANSWER description
A subdivision map is: - ANSWER a good reference for a legal description
The most useful method of describing a subdivision parcel is probably the: - ANSWER
lot and parcel system
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