California Real Estate Test 1

Question 1

Requirements for licensing as a real estate salesperson include all, except:

Accepted Answer

Answer

being eighteen years or older.

Answer

being honest and truthful.

Answer

getting fingerprinted.

Question 2

A real estate broker’s advertisements need to include:

Accepted Answer

the name of the broker and license number

Answer

a statement that the advertiser is a broker or agent.

Answer

the address of the broker.

Answer

the number of years the broker has been licensed.

Question 3

An unlicensed assistant may

Accepted Answer

. prepare a comparative market analysis (CMA) for a client

Answer

show property to prospective buyers

Answer

encourage a prospective client to use the broker’s services

Answer

discuss the terms or conditions of a possible sale.

Question 4

Roland, a broker, arranges a sale and opens escrow. Before escrow closes, his license is revoked by the California Bureau of Real Estate (CalBRE). What happens to Roland’s commission?

Accepted Answer

Roland gets his commission

Answer

Roland’s commission goes to the Real Estate Education Research and Recovery Fund

Answer

The seller does not have to pay any commission.

Answer

The commission is split between the buyer and seller.

Question 5

Real estate licenses are issued for:

Accepted Answer

four years.

Answer

one year

Answer

two years

Answer

life

Question 6

Robert, a developer who is unlicensed, hires Yvonne, a broker, to sell his properties. While Yvonne is out of town, Robert shows property, quotes prices and makes sales. Have Robert or Yvonne violated the Real Estate Law?

Accepted Answer

Neither Robert nor Yvonne has done anything wrong.

Answer

Yvonne has violated the Real Estate Law and can be fined $500.

Answer

Robert has violated the Real Estate Law and can be fined $500.

Answer

Both Robert and Yvonne have violated the Real Estate Law

Question 7

Which of the following is true?

Accepted Answer

Both a. and b

Answer

Every real estate broker needs to maintain a definite place of business in California.

Answer

An advertisement must include the licensee’s name and license number.

Answer

Neither a. nor b

Question 8

A salesperson’s commission is paid by

Accepted Answer

the broker.

Answer

the seller.

Answer

escrow

Answer

the buyer.

Question 9

The __________ prohibits an employer from discriminating against a person with a disability seeking employment based on their disability.

Accepted Answer

Americans with Disabilities Act (ADA)

Answer

Civil Rights Act of 1964

Answer

Civil Rights Acts of 1866 and 1870

Answer

Unruh Law

Question 10

Salesperson Sally advertised in a newspaper that anyone who bought a home through her services would receive a free home appliance valued up to $500. Such an advertisement is:

Accepted Answer

legal, provided full disclosure is made to all interested parties

Answer

illegal under any conditions

Answer

legal, provided the chance to win is disclosed.

Answer

illegal, since the value exceeds $300