California Real Estate
Broker Final Exam
Questions And Correct
Answers (Verified
Answers) Plus
Rationales 2025/2026
Q&A | Instant
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1. A real estate broker in California is primarily licensed by:
A. Local county government
B. California Department of Real Estate (DRE)
C. Federal Housing Administration
D. California Board of Realtors
,The DRE regulates and issues licenses to real estate brokers
in California.
2. The primary purpose of the Real Estate Law is to:
A. Increase property taxes
B. Protect the public in real estate transactions
C. Protect only brokers
D. Regulate mortgage interest rates
The law is designed to protect consumers, not agents.
3. A broker must retain transaction records for at least:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
California requires brokers to keep records for 3 years.
4. Which action requires a real estate license?
A. Renting your own property
B. Selling your own home
C. Negotiating a property sale for another person
D. Buying property for yourself
Representing others in real estate requires a license.
, 5. A fiduciary duty includes:
A. Advertising properties
B. Loyalty and full disclosure to the client
C. Increasing commission
D. Protecting only the broker
Agents must act in the client’s best interest.
6. Which is NOT a fiduciary duty?
A. Obedience
B. Disclosure
C. Self-promotion
D. Accounting
Self-promotion is not part of fiduciary duties.
7. A listing agreement is:
A. A loan contract
B. A contract between seller and broker
C. A lease agreement
D. A purchase agreement
It authorizes the broker to sell property.
8. The most common type of listing agreement is:
A. Net listing
B. Open listing
Broker Final Exam
Questions And Correct
Answers (Verified
Answers) Plus
Rationales 2025/2026
Q&A | Instant
Download Pdf
1. A real estate broker in California is primarily licensed by:
A. Local county government
B. California Department of Real Estate (DRE)
C. Federal Housing Administration
D. California Board of Realtors
,The DRE regulates and issues licenses to real estate brokers
in California.
2. The primary purpose of the Real Estate Law is to:
A. Increase property taxes
B. Protect the public in real estate transactions
C. Protect only brokers
D. Regulate mortgage interest rates
The law is designed to protect consumers, not agents.
3. A broker must retain transaction records for at least:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
California requires brokers to keep records for 3 years.
4. Which action requires a real estate license?
A. Renting your own property
B. Selling your own home
C. Negotiating a property sale for another person
D. Buying property for yourself
Representing others in real estate requires a license.
, 5. A fiduciary duty includes:
A. Advertising properties
B. Loyalty and full disclosure to the client
C. Increasing commission
D. Protecting only the broker
Agents must act in the client’s best interest.
6. Which is NOT a fiduciary duty?
A. Obedience
B. Disclosure
C. Self-promotion
D. Accounting
Self-promotion is not part of fiduciary duties.
7. A listing agreement is:
A. A loan contract
B. A contract between seller and broker
C. A lease agreement
D. A purchase agreement
It authorizes the broker to sell property.
8. The most common type of listing agreement is:
A. Net listing
B. Open listing
