30-Hour Enhanced Real Estate Pre-
Licensing Course Exam A -Solved
A licensee is free to establish his/her own rules and policies that are inconsistent with
the those of the brokerage?
A. True
B. False - ANSWER-B. False
A method used to describe real property is the:
A. MLS Sheet
B. Street Address
C. Assessor's Parcel Number
D. Appraiser's Property Identification - ANSWER-C. Assessor's Parcel Number
A salesperson has just listed a home for their friend Ann. What is the following
relationship with the Ann?
A. Ann is the listing brokers customer and not the salespersons
B. Ann is the salespersons customer
C. Ann is the customer
D. Ann is the client of the broker - ANSWER-D. Ann is the client of the broker
Accounting or accountability is defined as:
A. An agent is required to use an accounting system (such as QuickBooks or Intuit) to
track all money in which they send or receive
B. The agent may receive money, property or other things of value and the agent must
account to the client for these items
C. An agent must take a seven-week accounting course in which they learn to file taxes,
budget, and pre-approve their clients
D.An agent must account to the other party about their client's financial status,
investments, and incomes - ANSWER-B. The agent may receive money, property or
other things of value and the agent must account to the client for these items
All the following are common areas of risk EXCEPT:
A. It may be lost due to breach
B. It is always refundable
C. It may be wired to escrow upon acceptance
D. It is funded by the buyer - ANSWER-B. It is always refundable
An agent of the seller relationship is when:
A. The buyer's agent is friends with the seller
B. The agent represents both the buyers and the sellers
C. The seller is the client, and the broker is the agent
D. The agent only represents sellers - ANSWER-C. The seller is the client, and the
broker is the agent
, An exclusive brokerage agreement must:
A. Be in writing
B. Include a specific termination date
C. Use clear and understandable terms
D. All the above - ANSWER-D. All the above
An open listing is:
A. When the seller agrees to pay a commission to any broker who procures a ready,
willing, and able buyer.
B. When the seller agrees to have interested buyers view their property at any time,
without prior notice.
C. When the seller is open to any price or any terms in order to sell their home.
D. When the agent is open to representing the buyer as well as the seller. - ANSWER-
A. When the seller agrees to pay a commission to any broker who procures a ready,
willing, and able buyer.
Care is defined as:
A. The agent is required to put forth best efforts on behalf of the client and always take
great care in representing the client's interests
B. The agent is required to care for their clients' feelings and personal matters whether it
pertains to the sale/purchase of a home or not
C. The agent is required to help care for the property and the residence during the
escrow period
D. The agent is required to care for all parties involved by disclosing information to each
party including the financial condition of the buyers/sellers, the willingness to pay more
or less than list price, and the details of the clients move and timetable - ANSWER-A.
The agent is required to put forth best efforts on behalf of the client and always take
great care in representing the client's interests
Common exclusions in errors and omissions policies are:
A. Fraudulent or criminal acts
B. Discrimination
C. Bodily injury claims
D.Pollutants, mold, fungi, or micr - ANSWER-B. Discrimination WRONG
Dual agency is defined when:
A. Two agents from the same brokerage are representing one party (either the buyer or
the seller)
B. A single agent is representing both parties
C. A situation where one broker represents both the buyer and the seller
D. When the broker owns more than one brokerage - ANSWER-B. A single agent is
representing both parties
First year licensees are required to take ____ amount of post licensing education
courses.
Licensing Course Exam A -Solved
A licensee is free to establish his/her own rules and policies that are inconsistent with
the those of the brokerage?
A. True
B. False - ANSWER-B. False
A method used to describe real property is the:
A. MLS Sheet
B. Street Address
C. Assessor's Parcel Number
D. Appraiser's Property Identification - ANSWER-C. Assessor's Parcel Number
A salesperson has just listed a home for their friend Ann. What is the following
relationship with the Ann?
A. Ann is the listing brokers customer and not the salespersons
B. Ann is the salespersons customer
C. Ann is the customer
D. Ann is the client of the broker - ANSWER-D. Ann is the client of the broker
Accounting or accountability is defined as:
A. An agent is required to use an accounting system (such as QuickBooks or Intuit) to
track all money in which they send or receive
B. The agent may receive money, property or other things of value and the agent must
account to the client for these items
C. An agent must take a seven-week accounting course in which they learn to file taxes,
budget, and pre-approve their clients
D.An agent must account to the other party about their client's financial status,
investments, and incomes - ANSWER-B. The agent may receive money, property or
other things of value and the agent must account to the client for these items
All the following are common areas of risk EXCEPT:
A. It may be lost due to breach
B. It is always refundable
C. It may be wired to escrow upon acceptance
D. It is funded by the buyer - ANSWER-B. It is always refundable
An agent of the seller relationship is when:
A. The buyer's agent is friends with the seller
B. The agent represents both the buyers and the sellers
C. The seller is the client, and the broker is the agent
D. The agent only represents sellers - ANSWER-C. The seller is the client, and the
broker is the agent
, An exclusive brokerage agreement must:
A. Be in writing
B. Include a specific termination date
C. Use clear and understandable terms
D. All the above - ANSWER-D. All the above
An open listing is:
A. When the seller agrees to pay a commission to any broker who procures a ready,
willing, and able buyer.
B. When the seller agrees to have interested buyers view their property at any time,
without prior notice.
C. When the seller is open to any price or any terms in order to sell their home.
D. When the agent is open to representing the buyer as well as the seller. - ANSWER-
A. When the seller agrees to pay a commission to any broker who procures a ready,
willing, and able buyer.
Care is defined as:
A. The agent is required to put forth best efforts on behalf of the client and always take
great care in representing the client's interests
B. The agent is required to care for their clients' feelings and personal matters whether it
pertains to the sale/purchase of a home or not
C. The agent is required to help care for the property and the residence during the
escrow period
D. The agent is required to care for all parties involved by disclosing information to each
party including the financial condition of the buyers/sellers, the willingness to pay more
or less than list price, and the details of the clients move and timetable - ANSWER-A.
The agent is required to put forth best efforts on behalf of the client and always take
great care in representing the client's interests
Common exclusions in errors and omissions policies are:
A. Fraudulent or criminal acts
B. Discrimination
C. Bodily injury claims
D.Pollutants, mold, fungi, or micr - ANSWER-B. Discrimination WRONG
Dual agency is defined when:
A. Two agents from the same brokerage are representing one party (either the buyer or
the seller)
B. A single agent is representing both parties
C. A situation where one broker represents both the buyer and the seller
D. When the broker owns more than one brokerage - ANSWER-B. A single agent is
representing both parties
First year licensees are required to take ____ amount of post licensing education
courses.
