California Real Estate Principles -
b b b b
bQuestions & CorrectAnswers | Latest Update |Al
b b b b b b b b
ready Graded A+ b b
(1) 1.bThebRealbEstatebLawbisbfoundbinbthe
a. LicensingbCode
b. BusinessbandbProfessionsbCode
c. HealthbandbSafetybCode
d. CorporationsbCode
➹➹➹:bBusinessbandbProfessionsbCode
(1) 2.bThebRealbEstatebCommissionerbreportsbtobthe
a. CaliforniabBureaubofbRealbEstate
b. governor
c. RealbEstatebAdvisorybCommission
d. legislature
➹➹➹:bgovernor
(1) 3.bSalespersonbSambownsb25%bofbtheboutstandingbsharesbofbRollobRealty,bInc.,bandb
brokerbBarbarabRollobownsbthebremainingbshares.bThisbdivisionbofbownershipbis?
1b|bPbabgbe
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:bacceptable
(1) 4.bSalespersonbSambisbpartbownerbofbRollobRealty,bInc.bInbthebbroker'sbabsence,bSambf
requentlybreviewsbthebworkbofbsalesbassociates.bThisbis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:bprohibited
(1) 5.bAbrealbestatebbusinessbthatbisbabpartnershipbcanbhavebmorebthanbonebofficebl
ocation,bprovided
a. abbrokerbpartnerbobtainsbanbadditionalblicensebforbeachblocation
b. allbpartnersbarebrealbestateblicensees
c. therebisbabdesignatedbbroker-officer
d. therebisbatbleastbonebpartnerbatbeachblocation
2b|bPbabgbe
,➹➹➹:babbrokerbpartnerbobtainsbanbadditionalblicensebforbeachblocation
(1) 6.bThebsaleborbtransferbofbgoodsbordinarilybheldbforbsalebinbthebcoursebofbbusinessbisbg
overnedbinbCaliforniabbybthe?
a. BusinessbOpportunitybCode
b. CommercialbTransferbLaw
c. UniformbCommercialbCode
d. RealbEstatebLaw
➹➹➹:bUniformbCommercialbCode
(1) 7.bTodd,banbofficerbofbAjaxbCorporationbandbnotbabrealbestateblicensee,bsuccessfullyb
negotiatedbthebpurchasebofbthebSmithbWidgetbPlantbonbbehalfbofbAjax.bToddbreceivedbabc
ommissionbonbthebsalebinbadditionbtobhisbnormalbsalary.bTodd
a. didbnotbneedbabrealbestateblicensebforbthebdeal
b. shouldbhavebhadbabrealbestateblicense
c. isbexemptbfromblicensingbrequirements
d. Nonebofbthese
➹➹➹:bshouldbhavebhadbabrealbestateblicense
(1) 8.bIfbabrealbestateblicensebisbNOTbrenewedbbeforebitbexpires,btheblicensee?
3b|bPbabgbe
, a. isballowedbtobcompletebtransactionsbinbprogress
b. isballowedbtobfinishbtransactionsbthatbarebsubstantiallybcomplete
c. mustbceaseballbrealbestatebactivities
d. maybactbunderbauthoritybofbanotherbagent'sblicensebforbabperiodbnotbtobexceedb60bdays
➹➹➹:bmustbceaseballbrealbestatebactivities
(1) 9.bAbrealbestateblicenseebcanbofferbabmobilebhomebforbsalebthatbis?
a. inbabmanufacturingbplant,breadybforbdelivery
b. transportablebunderbanbexemptionbfrombthebvehiclebcode
c. presold
d. inbablocationbwherebitbcanblegallybremainbforbonebyear
➹➹➹:binbablocationbwherebitbcanblegallybremainbforbonebyear
(1) 10.bThebBrownsbdesperatelybwantbtobmovebtobPinebBend,bandbtheyblikebthebSmithbHo
use,bwhichbisblistedbbybbrokerbBob.bThebBrownsbtellbBobbtheybwillbmakebitbworthbhisbwhile
ifbhebcanbpersuadebthebSmith'sbtobacceptbthebBrownbofferbonbtheirbhouse,bandbthebBrown
b
sbsendbanbexpensivebfoodbbasketbtobBobbasbabsignbofbtheirbgoodbfaith.bBobbneglectsbtobm
entionbthisbtobthebSmiths.bThisbpracticebis
a. acceptable
b. mandated
c. discouraged
4b|bPbabgbe
b b b b
bQuestions & CorrectAnswers | Latest Update |Al
b b b b b b b b
ready Graded A+ b b
(1) 1.bThebRealbEstatebLawbisbfoundbinbthe
a. LicensingbCode
b. BusinessbandbProfessionsbCode
c. HealthbandbSafetybCode
d. CorporationsbCode
➹➹➹:bBusinessbandbProfessionsbCode
(1) 2.bThebRealbEstatebCommissionerbreportsbtobthe
a. CaliforniabBureaubofbRealbEstate
b. governor
c. RealbEstatebAdvisorybCommission
d. legislature
➹➹➹:bgovernor
(1) 3.bSalespersonbSambownsb25%bofbtheboutstandingbsharesbofbRollobRealty,bInc.,bandb
brokerbBarbarabRollobownsbthebremainingbshares.bThisbdivisionbofbownershipbis?
1b|bPbabgbe
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:bacceptable
(1) 4.bSalespersonbSambisbpartbownerbofbRollobRealty,bInc.bInbthebbroker'sbabsence,bSambf
requentlybreviewsbthebworkbofbsalesbassociates.bThisbis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:bprohibited
(1) 5.bAbrealbestatebbusinessbthatbisbabpartnershipbcanbhavebmorebthanbonebofficebl
ocation,bprovided
a. abbrokerbpartnerbobtainsbanbadditionalblicensebforbeachblocation
b. allbpartnersbarebrealbestateblicensees
c. therebisbabdesignatedbbroker-officer
d. therebisbatbleastbonebpartnerbatbeachblocation
2b|bPbabgbe
,➹➹➹:babbrokerbpartnerbobtainsbanbadditionalblicensebforbeachblocation
(1) 6.bThebsaleborbtransferbofbgoodsbordinarilybheldbforbsalebinbthebcoursebofbbusinessbisbg
overnedbinbCaliforniabbybthe?
a. BusinessbOpportunitybCode
b. CommercialbTransferbLaw
c. UniformbCommercialbCode
d. RealbEstatebLaw
➹➹➹:bUniformbCommercialbCode
(1) 7.bTodd,banbofficerbofbAjaxbCorporationbandbnotbabrealbestateblicensee,bsuccessfullyb
negotiatedbthebpurchasebofbthebSmithbWidgetbPlantbonbbehalfbofbAjax.bToddbreceivedbabc
ommissionbonbthebsalebinbadditionbtobhisbnormalbsalary.bTodd
a. didbnotbneedbabrealbestateblicensebforbthebdeal
b. shouldbhavebhadbabrealbestateblicense
c. isbexemptbfromblicensingbrequirements
d. Nonebofbthese
➹➹➹:bshouldbhavebhadbabrealbestateblicense
(1) 8.bIfbabrealbestateblicensebisbNOTbrenewedbbeforebitbexpires,btheblicensee?
3b|bPbabgbe
, a. isballowedbtobcompletebtransactionsbinbprogress
b. isballowedbtobfinishbtransactionsbthatbarebsubstantiallybcomplete
c. mustbceaseballbrealbestatebactivities
d. maybactbunderbauthoritybofbanotherbagent'sblicensebforbabperiodbnotbtobexceedb60bdays
➹➹➹:bmustbceaseballbrealbestatebactivities
(1) 9.bAbrealbestateblicenseebcanbofferbabmobilebhomebforbsalebthatbis?
a. inbabmanufacturingbplant,breadybforbdelivery
b. transportablebunderbanbexemptionbfrombthebvehiclebcode
c. presold
d. inbablocationbwherebitbcanblegallybremainbforbonebyear
➹➹➹:binbablocationbwherebitbcanblegallybremainbforbonebyear
(1) 10.bThebBrownsbdesperatelybwantbtobmovebtobPinebBend,bandbtheyblikebthebSmithbHo
use,bwhichbisblistedbbybbrokerbBob.bThebBrownsbtellbBobbtheybwillbmakebitbworthbhisbwhile
ifbhebcanbpersuadebthebSmith'sbtobacceptbthebBrownbofferbonbtheirbhouse,bandbthebBrown
b
sbsendbanbexpensivebfoodbbasketbtobBobbasbabsignbofbtheirbgoodbfaith.bBobbneglectsbtobm
entionbthisbtobthebSmiths.bThisbpracticebis
a. acceptable
b. mandated
c. discouraged
4b|bPbabgbe
