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BBK99E1 Practical Final Exam LATEST VERSION
WITH COMPLETE 500 QUESTIONS AND CORRECT
ANSWERS JUST RELEASED THIS YEAR
Question: Although 16-year-old Tameka's goal is to be a licensed real estate salesperson in the
State of California, she is currently living in Canada. Her long-term goal is to be a successful
salesperson, manager, and to own a brokerage. She has been studying the Real Estate Principles
Course for next week's exam. However, if she passes, she cannot apply for her 4 year
salesperson's license. Why?
Tameka cannot apply for a 4-year salesperson because she has not completed three
college-level real estate courses.
Tameka is only sixteen and a licensee must be eighteen years old.
Tameka cannot provide proof of legal presence in the United States.
Both A and B - CORRECT ANSWER✔✔D
Question: Anthony is adding a new deck to his home. He has obtained all the necessary
building permits to construct his new deck. Anthony's neighbor, Steve, informed him he has to
have a California State Contractor's License to even work on his own property. Anthony says
that Steve is wrong. Who is right in this situation?
Anthony is correct, anyone who does the business of a contractor must be licensed.
Steve is correct, any major work conducted on real property must be done by a licensed state
contractor.
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SUCCESS!
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Anthony is correct. Anyone who does the business of a contractor must be licensed.
Unless, the property owner is planning to sell
the finished real estate project, he does not
need a license to work on his own property.
None of the Above. - CORRECT ANSWER✔✔C
Question: Janice has given her broker an earnest money deposit check with written
instructions to hold the check until the seller has accepted her offer. Her broker follows
instructions and informs the seller, through a telephone conversation with the seller's agent
after the initial offer was presented, the buyer's check is being held awaiting offer acceptance.
Did Janice's broker handle this situation correctly?
No, the broker must inform the seller in writing the buyer's check is being held until acceptance
of the offer.
Yes, the broker informed the seller of the stipulation on the negotiation of the check until offer
acceptance.
No, the broker must inform the seller of the buyer's check being held at the exact time the
actual offer is presented.
Both A and C - CORRECT ANSWER✔✔D
Q;Calvin is buying his first home. He has been saving and saving for years. The home he is
buying has a price of $300,000 and Calvin has a down payment of $75,000. Calvin's loan is
considered:
Highly Secured
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, Page 3 of 23
Low Risk
Simple Interest
Highly Leveraged - CORRECT ANSWER✔✔B
Question: Adeeb has listed his condo with Maria's broker and she is his listing agent. The listing
agreement is signed and the day to begin showing his property is nearing. Adeeb decides the
day before the open house to raise his asking price by $20,000. Maria disagrees with the
decision but goes along with Adeeb's wishes. How must Maria take care of this contractual
change in price?
Maria must change the listing price on a price change or extension form.
Maria may make the change on the original contract due to the fact the condo has not been
professionally shown by licensees.
The listing price change does not need to be changed on the contract. The price that will be
paid for the condo does not have to be the listing price; therefore, it is just a guide, not set in
stone.
None of the Above. - CORRECT ANSWER✔✔A
Question: Katie and Rich own a rental home they have put up FSBO. They've noticed the same
woman has accompanied several potential buyers viewing the home. Katie and Rich discover
she is a broker that has been "showing" the home on the sly without their permission. Instead
of fighting this aggressive salesperson, the couple just go along. In which manner was agency
created?
Ostensible Agency
Ratification
3
SUCCESS!
BBK99E1 Practical Final Exam LATEST VERSION
WITH COMPLETE 500 QUESTIONS AND CORRECT
ANSWERS JUST RELEASED THIS YEAR
Question: Although 16-year-old Tameka's goal is to be a licensed real estate salesperson in the
State of California, she is currently living in Canada. Her long-term goal is to be a successful
salesperson, manager, and to own a brokerage. She has been studying the Real Estate Principles
Course for next week's exam. However, if she passes, she cannot apply for her 4 year
salesperson's license. Why?
Tameka cannot apply for a 4-year salesperson because she has not completed three
college-level real estate courses.
Tameka is only sixteen and a licensee must be eighteen years old.
Tameka cannot provide proof of legal presence in the United States.
Both A and B - CORRECT ANSWER✔✔D
Question: Anthony is adding a new deck to his home. He has obtained all the necessary
building permits to construct his new deck. Anthony's neighbor, Steve, informed him he has to
have a California State Contractor's License to even work on his own property. Anthony says
that Steve is wrong. Who is right in this situation?
Anthony is correct, anyone who does the business of a contractor must be licensed.
Steve is correct, any major work conducted on real property must be done by a licensed state
contractor.
1
SUCCESS!
,Page 2 of 23
Anthony is correct. Anyone who does the business of a contractor must be licensed.
Unless, the property owner is planning to sell
the finished real estate project, he does not
need a license to work on his own property.
None of the Above. - CORRECT ANSWER✔✔C
Question: Janice has given her broker an earnest money deposit check with written
instructions to hold the check until the seller has accepted her offer. Her broker follows
instructions and informs the seller, through a telephone conversation with the seller's agent
after the initial offer was presented, the buyer's check is being held awaiting offer acceptance.
Did Janice's broker handle this situation correctly?
No, the broker must inform the seller in writing the buyer's check is being held until acceptance
of the offer.
Yes, the broker informed the seller of the stipulation on the negotiation of the check until offer
acceptance.
No, the broker must inform the seller of the buyer's check being held at the exact time the
actual offer is presented.
Both A and C - CORRECT ANSWER✔✔D
Q;Calvin is buying his first home. He has been saving and saving for years. The home he is
buying has a price of $300,000 and Calvin has a down payment of $75,000. Calvin's loan is
considered:
Highly Secured
2
SUCCESS!
, Page 3 of 23
Low Risk
Simple Interest
Highly Leveraged - CORRECT ANSWER✔✔B
Question: Adeeb has listed his condo with Maria's broker and she is his listing agent. The listing
agreement is signed and the day to begin showing his property is nearing. Adeeb decides the
day before the open house to raise his asking price by $20,000. Maria disagrees with the
decision but goes along with Adeeb's wishes. How must Maria take care of this contractual
change in price?
Maria must change the listing price on a price change or extension form.
Maria may make the change on the original contract due to the fact the condo has not been
professionally shown by licensees.
The listing price change does not need to be changed on the contract. The price that will be
paid for the condo does not have to be the listing price; therefore, it is just a guide, not set in
stone.
None of the Above. - CORRECT ANSWER✔✔A
Question: Katie and Rich own a rental home they have put up FSBO. They've noticed the same
woman has accompanied several potential buyers viewing the home. Katie and Rich discover
she is a broker that has been "showing" the home on the sly without their permission. Instead
of fighting this aggressive salesperson, the couple just go along. In which manner was agency
created?
Ostensible Agency
Ratification
3
SUCCESS!
