Real Estate Principles: Online Exam (First Tuesday) QUESTIONS AND ANSWERS 100% CORRECT!
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Course
Real Estate Principles: Online
Institution
Real Estate Principles: Online
1. The _____ oversees, regulates, administers and enforces the real estate law. - ANSWER b) Department of Real Estate (DRE)
2. To be eligible for an agent license, the applicant needs to complete mandatory education, pass the qualifying exam and _____ : - ANSWER d) make the application on the p...
, Real Estate Principles: Online Exam (First
Tuesday) QUESTIONS AND ANSWERS
100% CORRECT!
1. The _____ oversees, regulates, administers and enforces the real estate law. -
ANSWER b) Department of Real Estate (DRE)
2. To be eligible for an agent license, the applicant needs to complete mandatory
education, pass the qualifying exam and _____ : - ANSWER d) make the application on
the proper form prescribed by the DRE.
3. Brokers and agents are required complete a minimum of _____ of continuing
education (CE) every four years to renew a license issued by the Department of Real
Estate (DRE). - ANSWER b) 45-Hours
4. A fictitious business name license, also known as a _____ will be qranted to a broker
who has complied with the filing requirements. - ANSWER b) DBA (Doing Business As)
5. A _____ is the sale or lease of the operations and goodwill of an existing business
enterprise or opportunity. - ANSWER a) business opportunity
6. The _____ compensates individuals who have obtained a judgment against a
licensee and are unable to recover the judgment from the licensee. - ANSWER d) Real
Estate Recovery Fund
7. Agency in real estate related transactions includes relationships between brokers
and their: - ANSWER c) Both a and b
8. The Agency Law Disclosure needs to be attached to which of the following
documents and signed by all parties in targeted transactions? - ANSWER d. All of the
above.
(A purchase contract, Seller's listing agreement, A Lease Agreement for a term
exceeding one year)
9. A(n) _____ exists when an agent has a positive or negative bias toward an opposing
party in a transaction which might hinder their ability to fully represent the needs of their
client. - ANSWER a) conflict of interest
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