ACEABLE AGENT REAL ESTATE PRINCIPLES
COMPREHENSIVE SCRIPT 2026 QUESTIONS
AND SOLUTIONS
◉ The homestead exemption for a single person is at least
a. $175,000.
b. $100,000.
c. $75,000.
d. $50,000. Answer: C. $75,000
◉ The homestead exemption for a homeowner who is a member of a
family unit is at least
a. $175,000.
b. $150,000.
c. $125,000.
d. $100,000.. Answer: D. $100,000
◉ Generally an agent works for
a. the principal.
b. the third person.
c. the subagent.
,d. the California Bureau of Real Estate.. Answer: A. principal
◉ a minor
a. may be a licensed real estate agent.
b. is anyone younger than 21 years of age.
c. may be a licensed real estate salesperson.
d. is anyone younger than 18 years of age.. Answer: D. Is anyone
younger than 18 years old
◉ Someone appointed to carry out a particular transaction is a:
a. a general agent.
b. a special agent.
c. a secret agent.
d. a subagent.. Answer: B. special agent
◉ An independent contractor is distinguished by
a. responsibility for Social Security and other payments.
b. no flexibility in setting work hours.
c. little control over work methods.
d. no legal obligation to employer.. Answer: a. responsibility for
Social Security and other payments
,◉ The California Real Estate Law treats a real estate salesperson as
a. an independent contractor of the broker.
b. an employee of the broker.
c. a sole proprietor.
d. a partner of the broker.. Answer: b. employee of the broker
◉ A salesperson is a brokers
a. principal.
b. agent.
c. subagent.
d. third person.. Answer: B. Agent
◉ An agency agreement to perform an act that requires a writing
a. must itself be in writing.
b. may be oral or written.
c. cannot be an express agreement.
d. violates the statute of frauds.. Answer: a. must itself be in writing
◉ To be enforceable, all real estate sales contracts
a. may be oral or written.
b. must be in writing.
c. must comply with the equal equities rule.
, d. must be completed within 90 days of origination.. Answer: B. Must
be in writing
◉ As a contract, a real estate agency agreement
a. can have any objective.
b. needs only to be made by parties with the capacity to contract.
c. does not need to be supported by
consideration.
d. must meet the requirements for a valid contract.. Answer: D. must
meet the requirements for a valid contract
◉ Real Estate commission rates
A. are established by the California Bureau of Real Estate.
B. should be no lower than 2%.
C. should be no higher than 10%.
D. are not fixed by law.. Answer: D. are not fixed by law
◉ All real estate agency agreements must
a. expire in 90 days.
b. be in writing.
c. be signed before a buyer is solicited.
COMPREHENSIVE SCRIPT 2026 QUESTIONS
AND SOLUTIONS
◉ The homestead exemption for a single person is at least
a. $175,000.
b. $100,000.
c. $75,000.
d. $50,000. Answer: C. $75,000
◉ The homestead exemption for a homeowner who is a member of a
family unit is at least
a. $175,000.
b. $150,000.
c. $125,000.
d. $100,000.. Answer: D. $100,000
◉ Generally an agent works for
a. the principal.
b. the third person.
c. the subagent.
,d. the California Bureau of Real Estate.. Answer: A. principal
◉ a minor
a. may be a licensed real estate agent.
b. is anyone younger than 21 years of age.
c. may be a licensed real estate salesperson.
d. is anyone younger than 18 years of age.. Answer: D. Is anyone
younger than 18 years old
◉ Someone appointed to carry out a particular transaction is a:
a. a general agent.
b. a special agent.
c. a secret agent.
d. a subagent.. Answer: B. special agent
◉ An independent contractor is distinguished by
a. responsibility for Social Security and other payments.
b. no flexibility in setting work hours.
c. little control over work methods.
d. no legal obligation to employer.. Answer: a. responsibility for
Social Security and other payments
,◉ The California Real Estate Law treats a real estate salesperson as
a. an independent contractor of the broker.
b. an employee of the broker.
c. a sole proprietor.
d. a partner of the broker.. Answer: b. employee of the broker
◉ A salesperson is a brokers
a. principal.
b. agent.
c. subagent.
d. third person.. Answer: B. Agent
◉ An agency agreement to perform an act that requires a writing
a. must itself be in writing.
b. may be oral or written.
c. cannot be an express agreement.
d. violates the statute of frauds.. Answer: a. must itself be in writing
◉ To be enforceable, all real estate sales contracts
a. may be oral or written.
b. must be in writing.
c. must comply with the equal equities rule.
, d. must be completed within 90 days of origination.. Answer: B. Must
be in writing
◉ As a contract, a real estate agency agreement
a. can have any objective.
b. needs only to be made by parties with the capacity to contract.
c. does not need to be supported by
consideration.
d. must meet the requirements for a valid contract.. Answer: D. must
meet the requirements for a valid contract
◉ Real Estate commission rates
A. are established by the California Bureau of Real Estate.
B. should be no lower than 2%.
C. should be no higher than 10%.
D. are not fixed by law.. Answer: D. are not fixed by law
◉ All real estate agency agreements must
a. expire in 90 days.
b. be in writing.
c. be signed before a buyer is solicited.
