CA Real Estate Principles Test Aceable Agent Question and answer already passed 2023
22 views 2 purchases
Course
CA Real Estate Principles Aceable Agent Quest
Institution
CA Real Estate Principles Aceable Agent Quest
CA Real Estate Principles Test Aceable Agent Question and answer already passed 2023In what code is the Real Estate Law found?
Business and Professions Code
Who does the Real Estate Commissioner Report to?
The governor
A salesperson owns 25% of the outstanding shares of Rollo Realit...
CA Real Estate Principles Test Aceable Agent Question and answer already passed 2023
In what code is the Real Estate Law found? - correct answer Business and Professions Code
Who does the Real Estate Commissioner Report to? - correct answer The governor
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the broker owns the remaining shares. Is the division ownership acceptable or unacceptable? - correct answer Acceptable
A salesperson is part owner of Rollo Realty Inc. In the broker's absence, the salesperson frequently reviews the work of sales associates. This is: - correct answer Prohibited
A real estate business that is a partnership can have more than once office location, provided what? - correct answer A broker partner obtains an additional license for each location
The sale or transfer of goods ordinarily held for sale in the course of business is governed in CA by what? - correct answer The Uniform Commercial Code
An officer of Ajax Corporation who is not a real estate license, successfully negotiated the purchase of Smith Widget of behalf of Ajax. The officer received a commission on the sale in addition to his normal salary. Should the officer of Ajax have had a real estate license? - correct answer Yes
True or False: If a real estate license is NOT renewed before it expired, the licensee may act under authority of another agent's license for a period not exceeding 60 days. - correct answer False: The former licensee must cease all real estate activities until it is renewed
A real estate licensee can offer a mobile home for sale that is in what type of location? - correct answer A location where it can legally remain for one year
A couple desperately wants to move to Pine Bend, and they like the seller's house, which is listed with a broker. The couple tells the broker they will "make it worth his while" if he can persuade the sellers to accept their offer, and they send an expensive food basket to the broker as a sign of their good faith. The broker neglects to mention this to the sellers. This practice is: - correct answer Prohibited
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $22.99. You're not tied to anything after your purchase.
