California Real Estate Principles - Questions and Answers Rated A
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California Real Estate Principles - Question
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California Real Estate Principles - Question
California Real Estate Principles - Questions and Answers Rated A
(1) 1. The Real Estate Law is included in the: - a. Licensing Code - ️ b. Business and Professions Code - c. Health and Safety Code - d. Corporations Code
(1) 2. The Real Estate Commissioner is accountable to the: - a...
California Real Estate Principles - Questions and Answers Rated A
(1) 1. The Real Estate Law is included in the:
- a. Licensing Code
- ✔️ b. Business and Professions Code
- c. Health and Safety Code
- d. Corporations Code
(1) 2. The Real Estate Commissioner is accountable to the:
- a. California Bureau of Real Estate
- ✔️ b. governor
- c. Real Estate Advisory Commission
- d. legislature
(1) 3. Salesperson Sam owns 25% of Rollo Realty, Inc., while broker Barbara Rollo owns the rest. This
ownership division is:
- ✔️ a. acceptable
- b. mandated
- c. discouraged
- d. prohibited
(1) 4. Salesperson Sam, as part owner of Rollo Realty, Inc., often reviews sales associates' work in the
broker's absence. This behavior is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
,(1) 5. A partnership real estate business can have multiple office locations if:
- ✔️ a. a broker partner obtains an additional license for each location
- b. all partners are real estate licensees
- c. there is a designated broker-officer
- d. there is at least one partner at each location
(1) 6. The sale or transfer of goods typically sold in the course of business in California is regulated by
the:
- a. Business Opportunity Code
- b. Commercial Transfer Law
- ✔️ c. Uniform Commercial Code
- d. Real Estate Law
(1) 7. Todd, not a real estate licensee but an officer for Ajax Corporation, negotiated a property
purchase and received a commission. Todd:
- a. did not need a real estate license for the deal
- ✔️ b. should have had a real estate license
- c. is exempt from licensing requirements
- d. None of these
(1) 8. If a real estate license is not renewed before expiration, the licensee:
- a. is allowed to complete transactions in progress
- b. is allowed to finish substantially complete transactions
- ✔️ c. must cease all real estate activities
- d. may act under another agent's license for up to 60 days
(1) 9. A real estate licensee can offer a mobile home for sale that is:
- a. in a manufacturing plant, ready for delivery
- b. transportable under a vehicle code exemption
,- c. presold
- ✔️ d. in a location where it can legally remain for one year
(1) 10. The Browns, wanting broker Bob to persuade the Smiths to accept their offer, send Bob an
expensive food basket. Bob does not disclose this to the Smiths. This action is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
(1) 11. Broker Bob regularly places earnest money deposits in his personal account for safekeeping. This
practice is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
(1) 12. Broker Luis has an exclusive listing that will terminate "when the parties agree." This practice is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
(1) 13. When broker Bob exercises his option to purchase Whiteacre, he provides the owner with a
written statement of his expected profits. The seller agrees to proceed. This conduct is:
- ✔️ a. acceptable
- b. mandated
- c. discouraged
- d. prohibited
, (1) 14. Maya, as broker-officer of XYZ Realty, Inc., has not reprimanded aggressive sales tactics despite
her disapproval due to the company's success. Her conduct is:
- a. acceptable
- b. mandated
- ✔️ c. discouraged
- d. prohibited
(1) 15. Broker Bob hires Igor, who has no real estate license, to show properties while Bob negotiates.
This practice is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
(1) 16. Salesperson Sally agrees to postpone a closing day on behalf of the owners without their consent.
Her conduct is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
(1) 17. Salesperson Sam chooses not to disclose a murder that occurred in the Anderson house during a
showing. His conduct is:
- a. acceptable
- b. mandated
- c. discouraged
- ✔️ d. prohibited
(1) 18. Broker Luis neglects to return calls from his clients, preferring to focus on sales. This practice is:
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