Final Examination
Name Date:
1. A candidate for a real estate salesperson’s license must complete a total of
a. two college-level courses.
b. three college-level courses.
c. four college-level courses.
d. eight college-level courses.
2. No compensation of any form may be received by a real estate broker without the
knowledge of the broker’s
a. customer.
b. principal.
c. subagent.
d. office administrator.
3. It is unlawful for a real estate licensee to induce a prospective buyer to make an
offer to purchase on a home by
a. deliberately underestimating probable closing costs.
b. showing the home to the buyer more than once.
c. helping the seller stage the home for sale.
d. conducting an open house at which coffee and cookies are offered.
4. A PRLS license is valid for
a. one year.
b. 18 months.
c. two years.
d. four years.
5. Broker Bob has taken an exclusive authorization and right to sell agreement on
Howard’s vacant lot. Sally, a salesperson in Bob’s office, has obtained a written
offer for the property from her sister, who made a $2,500 good faith deposit in the
form of a promissory note. Broker Bob should
a. present the offer as written, making certain that the relationship between
Sally and her sister is disclosed.
b. refuse to present the offer since the deposit is in the form of a promissory
note and does not identify the buyer.
c. request that Sally rewrite the offer and obtain a cash deposit from her
sister.
d. hold the offer until another buyer not related to the agent makes an offer
with a cash deposit, and then present both offers.
6. The special fund established by the legislature to help compensate victims of real
estate licensee fraud is the
a. Special Fund.
b. Broker Trust Fund.
c. Commissioner’s Fund.
d. Recovery Account.
1
, 7. The major impetus to Spanish settlement of California was the establishment of
the
a. railroad.
b. common law.
c. missions.
d. homestead.
8. Following the treaty of Guadalupe Hidalgo, California became a possession of
a. the United States.
b. Spain.
c. Mexico.
d. England.
9. The right of the state to divert water from a lake for public use is known as
a. abandonment.
b. appropriation.
c. prescription.
d. inundation.
10. When real property is sold, transferred, or conveyed, appurtenances to the land
a. are terminated.
b. remain with the seller.
c. pass with the land.
d. are returned to the original grantor.
11. Real property is usually transferred by a
a. will.
b. deed.
c. purchase agreement.
d. bill of sale.
12. In a township, the section north of section 10 is section
a. 1.
b. 3.
c. 2.
d. 4.
13. Ownership in severalty is
a. concurrent ownership by more than one person.
b. separate ownership by one person.
c. a combination of joint tenancy and community property.
d. tenancy in partnership.
2
Name Date:
1. A candidate for a real estate salesperson’s license must complete a total of
a. two college-level courses.
b. three college-level courses.
c. four college-level courses.
d. eight college-level courses.
2. No compensation of any form may be received by a real estate broker without the
knowledge of the broker’s
a. customer.
b. principal.
c. subagent.
d. office administrator.
3. It is unlawful for a real estate licensee to induce a prospective buyer to make an
offer to purchase on a home by
a. deliberately underestimating probable closing costs.
b. showing the home to the buyer more than once.
c. helping the seller stage the home for sale.
d. conducting an open house at which coffee and cookies are offered.
4. A PRLS license is valid for
a. one year.
b. 18 months.
c. two years.
d. four years.
5. Broker Bob has taken an exclusive authorization and right to sell agreement on
Howard’s vacant lot. Sally, a salesperson in Bob’s office, has obtained a written
offer for the property from her sister, who made a $2,500 good faith deposit in the
form of a promissory note. Broker Bob should
a. present the offer as written, making certain that the relationship between
Sally and her sister is disclosed.
b. refuse to present the offer since the deposit is in the form of a promissory
note and does not identify the buyer.
c. request that Sally rewrite the offer and obtain a cash deposit from her
sister.
d. hold the offer until another buyer not related to the agent makes an offer
with a cash deposit, and then present both offers.
6. The special fund established by the legislature to help compensate victims of real
estate licensee fraud is the
a. Special Fund.
b. Broker Trust Fund.
c. Commissioner’s Fund.
d. Recovery Account.
1
, 7. The major impetus to Spanish settlement of California was the establishment of
the
a. railroad.
b. common law.
c. missions.
d. homestead.
8. Following the treaty of Guadalupe Hidalgo, California became a possession of
a. the United States.
b. Spain.
c. Mexico.
d. England.
9. The right of the state to divert water from a lake for public use is known as
a. abandonment.
b. appropriation.
c. prescription.
d. inundation.
10. When real property is sold, transferred, or conveyed, appurtenances to the land
a. are terminated.
b. remain with the seller.
c. pass with the land.
d. are returned to the original grantor.
11. Real property is usually transferred by a
a. will.
b. deed.
c. purchase agreement.
d. bill of sale.
12. In a township, the section north of section 10 is section
a. 1.
b. 3.
c. 2.
d. 4.
13. Ownership in severalty is
a. concurrent ownership by more than one person.
b. separate ownership by one person.
c. a combination of joint tenancy and community property.
d. tenancy in partnership.
2
