California Real Estate Principles -
g g g g
Questions & CorrectAnswers | Latest Update |Al
g g g g g g g g g
ready Graded A+ g g
(1) 1.gThegRealgEstategLawgisgfoundgingthe
a. LicensinggCode
b. BusinessgandgProfessionsgCode
c. HealthgandgSafetygCode
d. CorporationsgCode
➹➹➹:gBusinessgandgProfessionsgCode
(1) 2.gThegRealgEstategCommissionergreportsgtogthe
a. CaliforniagBureaugofgRealgEstate
b. governor
c. RealgEstategAdvisorygCommission
d. legislature
➹➹➹:ggovernor
(1) 3.gSalespersongSamgownsg25%gofgthegoutstandinggsharesgofgRollogRealty,gInc.,gan
dgbrokergBarbaragRollogownsgthegremaininggshares.gThisgdivisiongofgownershipgis?
1g|gPgaggge
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:gacceptable
(1) 4.gSalespersongSamgisgpartgownergofgRollogRealty,gInc.gIngthegbroker'sgabsence,gSa
mgfrequentlygreviewsgthegworkgofgsalesgassociates.gThisgis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:gprohibited
(1) 5.gAgrealgestategbusinessgthatgisgagpartnershipgcanghavegmoregthangonegoffic
eglocation,gprovided
a. agbrokergpartnergobtainsgangadditionalglicensegforgeachglocation
b. allgpartnersgaregrealgestateglicensees
c. theregisgagdesignatedgbroker-officer
d. theregisgatgleastgonegpartnergatgeachglocation
2g|gPgaggge
,➹➹➹:gagbrokergpartnergobtainsgangadditionalglicensegforgeachglocation
(1) 6.gThegsalegorgtransfergofggoodsgordinarilygheldgforgsalegingthegcoursegofgbusinessg
isggovernedgingCaliforniagbygthe?
a. BusinessgOpportunitygCode
b. CommercialgTransfergLaw
c. UniformgCommercialgCode
d. RealgEstategLaw
➹➹➹:gUniformgCommercialgCode
(1) 7.gTodd,gangofficergofgAjaxgCorporationgandgnotgagrealgestateglicensee,gsuccessfull
ygnegotiatedgthegpurchasegofgthegSmithgWidgetgPlantgongbehalfgofgAjax.gToddgreceive
dgagcommissiongongthegsalegingadditiongtoghisgnormalgsalary.gTodd
a. didgnotgneedgagrealgestateglicensegforgthegdeal
b. shouldghaveghadgagrealgestateglicense
c. isgexemptgfromglicensinggrequirements
d. Nonegofgthese
➹➹➹:gshouldghaveghadgagrealgestateglicense
(1) 8.gIfgagrealgestateglicensegisgNOTgrenewedgbeforegitgexpires,gtheglicensee?
3g|gPgaggge
, a. isgallowedgtogcompletegtransactionsgingprogress
b. isgallowedgtogfinishgtransactionsgthatgaregsubstantiallygcomplete
c. mustgceasegallgrealgestategactivities
d. maygactgundergauthoritygofganothergagent'sglicensegforgagperiodgnotgtogexceedg60gdays
➹➹➹:gmustgceasegallgrealgestategactivities
(1) 9.gAgrealgestateglicenseegcangoffergagmobileghomegforgsalegthatgis?
a. ingagmanufacturinggplant,greadygforgdelivery
b. transportablegundergangexemptiongfromgthegvehiclegcode
c. presold
d. ingaglocationgwheregitgcanglegallygremaingforgonegyear
➹➹➹:gingaglocationgwheregitgcanglegallygremaingforgonegyear
(1) 10.gThegBrownsgdesperatelygwantgtogmovegtogPinegBend,gandgtheyglikegthegSmithg
House,gwhichgisglistedgbygbrokergBob.gThegBrownsgtellgBobgtheygwillgmakegitgworthghi
sgwhilegifghegcangpersuadegthegSmith'sgtogacceptgthegBrowngoffergongtheirghouse,gandg
thegBrownsgsendgangexpensivegfoodgbasketgtogBobgasgagsigngofgtheirggoodgfaith.gBob
neglectsgtogmentiongthisgtogthegSmiths.gThisgpracticegis
g
a. acceptable
b. mandated
c. discouraged
4g|gPgaggge
g g g g
Questions & CorrectAnswers | Latest Update |Al
g g g g g g g g g
ready Graded A+ g g
(1) 1.gThegRealgEstategLawgisgfoundgingthe
a. LicensinggCode
b. BusinessgandgProfessionsgCode
c. HealthgandgSafetygCode
d. CorporationsgCode
➹➹➹:gBusinessgandgProfessionsgCode
(1) 2.gThegRealgEstategCommissionergreportsgtogthe
a. CaliforniagBureaugofgRealgEstate
b. governor
c. RealgEstategAdvisorygCommission
d. legislature
➹➹➹:ggovernor
(1) 3.gSalespersongSamgownsg25%gofgthegoutstandinggsharesgofgRollogRealty,gInc.,gan
dgbrokergBarbaragRollogownsgthegremaininggshares.gThisgdivisiongofgownershipgis?
1g|gPgaggge
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:gacceptable
(1) 4.gSalespersongSamgisgpartgownergofgRollogRealty,gInc.gIngthegbroker'sgabsence,gSa
mgfrequentlygreviewsgthegworkgofgsalesgassociates.gThisgis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:gprohibited
(1) 5.gAgrealgestategbusinessgthatgisgagpartnershipgcanghavegmoregthangonegoffic
eglocation,gprovided
a. agbrokergpartnergobtainsgangadditionalglicensegforgeachglocation
b. allgpartnersgaregrealgestateglicensees
c. theregisgagdesignatedgbroker-officer
d. theregisgatgleastgonegpartnergatgeachglocation
2g|gPgaggge
,➹➹➹:gagbrokergpartnergobtainsgangadditionalglicensegforgeachglocation
(1) 6.gThegsalegorgtransfergofggoodsgordinarilygheldgforgsalegingthegcoursegofgbusinessg
isggovernedgingCaliforniagbygthe?
a. BusinessgOpportunitygCode
b. CommercialgTransfergLaw
c. UniformgCommercialgCode
d. RealgEstategLaw
➹➹➹:gUniformgCommercialgCode
(1) 7.gTodd,gangofficergofgAjaxgCorporationgandgnotgagrealgestateglicensee,gsuccessfull
ygnegotiatedgthegpurchasegofgthegSmithgWidgetgPlantgongbehalfgofgAjax.gToddgreceive
dgagcommissiongongthegsalegingadditiongtoghisgnormalgsalary.gTodd
a. didgnotgneedgagrealgestateglicensegforgthegdeal
b. shouldghaveghadgagrealgestateglicense
c. isgexemptgfromglicensinggrequirements
d. Nonegofgthese
➹➹➹:gshouldghaveghadgagrealgestateglicense
(1) 8.gIfgagrealgestateglicensegisgNOTgrenewedgbeforegitgexpires,gtheglicensee?
3g|gPgaggge
, a. isgallowedgtogcompletegtransactionsgingprogress
b. isgallowedgtogfinishgtransactionsgthatgaregsubstantiallygcomplete
c. mustgceasegallgrealgestategactivities
d. maygactgundergauthoritygofganothergagent'sglicensegforgagperiodgnotgtogexceedg60gdays
➹➹➹:gmustgceasegallgrealgestategactivities
(1) 9.gAgrealgestateglicenseegcangoffergagmobileghomegforgsalegthatgis?
a. ingagmanufacturinggplant,greadygforgdelivery
b. transportablegundergangexemptiongfromgthegvehiclegcode
c. presold
d. ingaglocationgwheregitgcanglegallygremaingforgonegyear
➹➹➹:gingaglocationgwheregitgcanglegallygremaingforgonegyear
(1) 10.gThegBrownsgdesperatelygwantgtogmovegtogPinegBend,gandgtheyglikegthegSmithg
House,gwhichgisglistedgbygbrokergBob.gThegBrownsgtellgBobgtheygwillgmakegitgworthghi
sgwhilegifghegcangpersuadegthegSmith'sgtogacceptgthegBrowngoffergongtheirghouse,gandg
thegBrownsgsendgangexpensivegfoodgbasketgtogBobgasgagsigngofgtheirggoodgfaith.gBob
neglectsgtogmentiongthisgtogthegSmiths.gThisgpracticegis
g
a. acceptable
b. mandated
c. discouraged
4g|gPgaggge
