Aceable Agent Questions with CORRECT Answers (Grade A+)

Aceable Agent Questions with CORRECT
Answers (Grade A+)

Question:
In what code is the Real Estate Law found?

Answer:

Business and Professions Code




Question:
Who does the Real Estate Commissioner Report to?

Answer:

The governor




Question:
A real estate business that is a partnership can have more than | once office location, provided
what?

Answer:

A broker partner obtains an additional license for each location




Question:
The sale or transfer of goods

Answer:

The Uniform Commercial Code
ordinarily held for sale in the course
of business is governed in CA by




Question:
what?

, Answer:




Question:
An officer of Ajax Corporation who is

Answer:

Yes
not a real estate license, successfully
negotiated the purchase of Smith
Widget of behalf of Ajax. The officer
received a commission on the sale in
addition to his normal salary. Should
the officer of Ajax have had a real




Question:
estate license?

Answer:




Question:
True or False: If a real estate license

Answer:

False: The former licensee must cease all real




Question:
is NOT renewed before it expired,

Answer:

estate activities until it is renewed
the licensee may act under authority
of another agent's license for a
period not exceeding 60 days.




Question: