CA Real Estate Principles Test Aceable Agent 2023/2024
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Course
CA Real Estate Principles
Institution
CA Real Estate Principles
CA Real Estate Principles Test Aceable Agent 2023/2024
In what code is the Real Estate Law found? - ANSWER-Business and Professions Code
Who does the Real Estate Commissioner Report to? - ANSWER-The governor
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the brok...
CA Real Estate Principles Test Aceable
Agent 2023/2024
In what code is the Real Estate Law found? - ANSWER-Business and Professions Code
Who does the Real Estate Commissioner Report to? - 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? - 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: - ANSWER-Prohibited
A real estate business that is a partnership can have more than once office location, provided what? -
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?
- 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? - 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. - 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? - 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
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