California Real Estate Principles -
n n n n
Questions &Correct Answers | Latest Update | A
n n n n n n n n n
lready GradedA+ n n
(1)n1.nThenRealnEstatenLawnisnfoundninnthe
a. LicensingnCode
b. BusinessnandnProfessionsnCode
c. HealthnandnSafetynCode
d. CorporationsnCode
➹➹➹:n Businessn andnProfessionsn Code
(1)n2.nThenRealnEstatenCommissionernreportsntonthe
a. CalifornianBureaunofnRealnEstate
b. governor
c. RealnEstatenAdvisorynCommission
d. legislature
➹➹➹:n governor
(1)n3.nSalespersonnSamnownsn25%nofnthenoutstandingnsharesnofnRollonRealty,nInc.,nandnbrok
ernBarbaranRollonownsnthenremainingnshares.nThisndivisionnofnownershipnis?
1n |n Pnangne
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:n acceptable
(1)n4.nSalespersonnSamnisnpartnownernofnRollonRealty,nInc.nInnthenbroker'snabsence,nSamnfre
quentlynreviewsnthenworknofnsalesnassociates.nThisnis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:n prohibited
(1)n5.nAnrealnestatenbusinessnthatnisnanpartnershipncannhavenmorenthannonenofficenlocation,
provided
n
a. anbrokernpartnernobtainsnannadditionalnlicensenforneachnlocation
b. allnpartnersnarenrealnestatenlicensees
c. therenisnandesignatednbroker-officer
d. therenisnatnleastnonenpartnernatneachnlocation
2n |n Pnangne
,➹➹➹:n an brokern partnern obtainsn ann additionaln licensen forn eachn location
(1)n6.nThensalenorntransfernofngoodsnordinarilynheldnfornsaleninnthencoursenofnbusinessnisng
overnedninnCalifornianbynthe?
a. BusinessnOpportunitynCode
b. CommercialnTransfernLaw
c. UniformnCommercialnCode
d. RealnEstatenLaw
➹➹➹:nUniformnCommercialnCode
(1)n7.nTodd,nannofficernofnAjaxnCorporationnandnnotnanrealnestatenlicensee,nsuccessfullynn
egotiatednthenpurchasenofnthenSmithnWidgetnPlantnonnbehalfnofnAjax.nToddnreceivednanco
mmissionnonnthensaleninnadditionntonhisnnormalnsalary.nTodd
a. didnnotnneednanrealnestatenlicensenfornthendeal
b. shouldnhavenhadnanrealnestatenlicense
c. isnexemptnfromnlicensingnrequirements
d. Nonenofnthese
➹➹➹:n shouldn haven hadn an realnestaten license
(1)n8.nIfnanrealnestatenlicensenisnNOTnrenewednbeforenitnexpires,nthenlicensee?
3n |n Pnangne
, a. isnallowedntoncompletentransactionsninnprogress
b. isnallowedntonfinishntransactionsnthatnarensubstantiallyncomplete
c. mustnceasenallnrealnestatenactivities
d. maynactnundernauthoritynofnanothernagent'snlicensenfornanperiodnnotntonexceedn60ndays
➹➹➹:n mustn ceasen alln realn estaten activities
(1)n9.nAnrealnestatenlicenseencannoffernanmobilenhomenfornsalenthatnis?
a. innanmanufacturingnplant,nreadynforndelivery
b. transportablenundernannexemptionnfromnthenvehiclencode
c. presold
d. innanlocationnwherenitncannlegallynremainnfornonenyear
➹➹➹:n inn an locationn wheren itn cann legallyn remainn forn onen year
(1)n10.nThenBrownsndesperatelynwantntonmoventonPinenBend,nandntheynlikenthenSmithnHou
se,nwhichnisnlistednbynbrokernBob.nThenBrownsntellnBobntheynwillnmakenitnworthnhisnwhilenifn
hencannpersuadenthenSmith'sntonacceptnthenBrownnoffernonntheirnhouse,nandnthenBrownsns
endnannexpensivenfoodnbasketntonBobnasnansignnofntheirngoodnfaith.nBobnneglectsntonmenti
onnthisntonthenSmiths.nThisnpracticenis
a. acceptable
b. mandated
c. discouraged
4n |n Pnangne
n n n n
Questions &Correct Answers | Latest Update | A
n n n n n n n n n
lready GradedA+ n n
(1)n1.nThenRealnEstatenLawnisnfoundninnthe
a. LicensingnCode
b. BusinessnandnProfessionsnCode
c. HealthnandnSafetynCode
d. CorporationsnCode
➹➹➹:n Businessn andnProfessionsn Code
(1)n2.nThenRealnEstatenCommissionernreportsntonthe
a. CalifornianBureaunofnRealnEstate
b. governor
c. RealnEstatenAdvisorynCommission
d. legislature
➹➹➹:n governor
(1)n3.nSalespersonnSamnownsn25%nofnthenoutstandingnsharesnofnRollonRealty,nInc.,nandnbrok
ernBarbaranRollonownsnthenremainingnshares.nThisndivisionnofnownershipnis?
1n |n Pnangne
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:n acceptable
(1)n4.nSalespersonnSamnisnpartnownernofnRollonRealty,nInc.nInnthenbroker'snabsence,nSamnfre
quentlynreviewsnthenworknofnsalesnassociates.nThisnis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:n prohibited
(1)n5.nAnrealnestatenbusinessnthatnisnanpartnershipncannhavenmorenthannonenofficenlocation,
provided
n
a. anbrokernpartnernobtainsnannadditionalnlicensenforneachnlocation
b. allnpartnersnarenrealnestatenlicensees
c. therenisnandesignatednbroker-officer
d. therenisnatnleastnonenpartnernatneachnlocation
2n |n Pnangne
,➹➹➹:n an brokern partnern obtainsn ann additionaln licensen forn eachn location
(1)n6.nThensalenorntransfernofngoodsnordinarilynheldnfornsaleninnthencoursenofnbusinessnisng
overnedninnCalifornianbynthe?
a. BusinessnOpportunitynCode
b. CommercialnTransfernLaw
c. UniformnCommercialnCode
d. RealnEstatenLaw
➹➹➹:nUniformnCommercialnCode
(1)n7.nTodd,nannofficernofnAjaxnCorporationnandnnotnanrealnestatenlicensee,nsuccessfullynn
egotiatednthenpurchasenofnthenSmithnWidgetnPlantnonnbehalfnofnAjax.nToddnreceivednanco
mmissionnonnthensaleninnadditionntonhisnnormalnsalary.nTodd
a. didnnotnneednanrealnestatenlicensenfornthendeal
b. shouldnhavenhadnanrealnestatenlicense
c. isnexemptnfromnlicensingnrequirements
d. Nonenofnthese
➹➹➹:n shouldn haven hadn an realnestaten license
(1)n8.nIfnanrealnestatenlicensenisnNOTnrenewednbeforenitnexpires,nthenlicensee?
3n |n Pnangne
, a. isnallowedntoncompletentransactionsninnprogress
b. isnallowedntonfinishntransactionsnthatnarensubstantiallyncomplete
c. mustnceasenallnrealnestatenactivities
d. maynactnundernauthoritynofnanothernagent'snlicensenfornanperiodnnotntonexceedn60ndays
➹➹➹:n mustn ceasen alln realn estaten activities
(1)n9.nAnrealnestatenlicenseencannoffernanmobilenhomenfornsalenthatnis?
a. innanmanufacturingnplant,nreadynforndelivery
b. transportablenundernannexemptionnfromnthenvehiclencode
c. presold
d. innanlocationnwherenitncannlegallynremainnfornonenyear
➹➹➹:n inn an locationn wheren itn cann legallyn remainn forn onen year
(1)n10.nThenBrownsndesperatelynwantntonmoventonPinenBend,nandntheynlikenthenSmithnHou
se,nwhichnisnlistednbynbrokernBob.nThenBrownsntellnBobntheynwillnmakenitnworthnhisnwhilenifn
hencannpersuadenthenSmith'sntonacceptnthenBrownnoffernonntheirnhouse,nandnthenBrownsns
endnannexpensivenfoodnbasketntonBobnasnansignnofntheirngoodnfaith.nBobnneglectsntonmenti
onnthisntonthenSmiths.nThisnpracticenis
a. acceptable
b. mandated
c. discouraged
4n |n Pnangne
