California Real Estate Practice - Questions
and Answers
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California Real Estate Exam California Real Estate Exam Multiple... Real Estate Practice Exam Question... Califor
208 terms 510 terms Teacher 90 terms 150 term
Hillary_JohnsonRE Preview adam_salzberg Preview Logan_Cooper289 Preview opp
Terms in this set (150) Hide definitions
(1) 1. The real estate marketplace could BEST be B. stratified (based on price)
described as being
A. homogeneous
B. stratified
C. perfect
D. uninfluenced by emotion
(1) 2. Most real estate agents are primarily engaged in A. residential property
which area of activity
A. residential property
B. raw land and lots
C. commercial property
D. development
,(1) 3. The IRS will treat real estate salespeople as B. The salesperson represents himself as an independent contractor when dealing
independent contractors if 3 criteria are met. Which is not with third parties ( merely representing oneself as an independent contractor
a criteria would be a violation of disclosure requirements and is not considered to be an
IRS criteria)
A. The salesperson's reimbursement is solely based on
sales, not hours worked
B. The salesperson represents himself as an independent
contractor when dealing with third parties
C. There is a written contract stating that the salesperson
will be treated as an independent contractor for tax
purposes
D. The salesperson is licensed as a real estate agent
(1) 4. A broker ordinarily would be liable to salespeople B. workers' compensation (for work related injuries)
for
A. unemployment compensation
B. workers' compensation
C. Social Security contributions
D. none of these
(1) 5. In choosing a broker, a new licensee should be C. offers 100% commission (new licensees should remember training is more
LEAST interested in an office that important than commission split)
A. has a high percentage of successful people
B. has a good library of books, tapes, and videos for
training
C. offers 100% commission
D. is a member of a local multiple listing service
(1) 6. The BEST way to learn is to D. use the ideas you observe or read about (by using ideas, they become yours)
A. listen to what others say
B. read instructional material
C. watch what others do
D. use the ideas you observe or read about
, (1) 7. Which of the following statements is true about role- D. All of these
playing
A. Role-playing situations are limited only by our own
imagination
B. Role-playing can be verbalized or nonverbalized
C. Role-playing exercises can involve more than one
person
D. All of these
(1) 8. Which statement is an example of a specific goal C. I will make 10 calls tomorrow on for-sale-by-owner ads and schedule 3
property showings by Sunday ( exact goals are measurable )
A. I will work harder next week
B. I will improve my listing presentation
C. I will make 10 calls tomorrow on for-sale-by-owner ads
and schedule three property showings by Sunday
D. I will learn by observing successful agents
(1) 9. All of the following will aid you in goal achievement C. that goals should be kept to yourself because they are personal (goals should
EXCEPT be shared so you are accountable for making them. when no one knows the
goals, it is easier to abandon them)
A. that goals should be attainable
B. that goals should be based on what you really want
C. that goals should be kept to yourself because they are
personal
D. that goals should be exact so that you can measure
their attainment
(1) 10. Proper daily planning means that you should D. accomplish all of these
endeavor to
A. reduce "D" Time activities
B. increase "A" Time activities
C. place more emphasis on probabilities than on
possibilities
D. accomplish all of these
(2) 1. Three brokers agreed that they would not let a A. a group boycott
fourth broker show any of their listings. This action would
be regarded as
A. a group boycott
B. price-fixing
C. market allocations
D. a tie-in agreement
(2) 2. Ethics' relationship to law is that B. ethics tend to precede the law
A. if an act is illegal it is also unethical
B. ethics tend to precede the law
C. ethics and the law both set minimum standards for
behavior
D. what is ethical is legal
and Answers
11 studiers today 4.3 (8 reviews)
Students also studied
Flashcard sets Study guides
California Real Estate Exam California Real Estate Exam Multiple... Real Estate Practice Exam Question... Califor
208 terms 510 terms Teacher 90 terms 150 term
Hillary_JohnsonRE Preview adam_salzberg Preview Logan_Cooper289 Preview opp
Terms in this set (150) Hide definitions
(1) 1. The real estate marketplace could BEST be B. stratified (based on price)
described as being
A. homogeneous
B. stratified
C. perfect
D. uninfluenced by emotion
(1) 2. Most real estate agents are primarily engaged in A. residential property
which area of activity
A. residential property
B. raw land and lots
C. commercial property
D. development
,(1) 3. The IRS will treat real estate salespeople as B. The salesperson represents himself as an independent contractor when dealing
independent contractors if 3 criteria are met. Which is not with third parties ( merely representing oneself as an independent contractor
a criteria would be a violation of disclosure requirements and is not considered to be an
IRS criteria)
A. The salesperson's reimbursement is solely based on
sales, not hours worked
B. The salesperson represents himself as an independent
contractor when dealing with third parties
C. There is a written contract stating that the salesperson
will be treated as an independent contractor for tax
purposes
D. The salesperson is licensed as a real estate agent
(1) 4. A broker ordinarily would be liable to salespeople B. workers' compensation (for work related injuries)
for
A. unemployment compensation
B. workers' compensation
C. Social Security contributions
D. none of these
(1) 5. In choosing a broker, a new licensee should be C. offers 100% commission (new licensees should remember training is more
LEAST interested in an office that important than commission split)
A. has a high percentage of successful people
B. has a good library of books, tapes, and videos for
training
C. offers 100% commission
D. is a member of a local multiple listing service
(1) 6. The BEST way to learn is to D. use the ideas you observe or read about (by using ideas, they become yours)
A. listen to what others say
B. read instructional material
C. watch what others do
D. use the ideas you observe or read about
, (1) 7. Which of the following statements is true about role- D. All of these
playing
A. Role-playing situations are limited only by our own
imagination
B. Role-playing can be verbalized or nonverbalized
C. Role-playing exercises can involve more than one
person
D. All of these
(1) 8. Which statement is an example of a specific goal C. I will make 10 calls tomorrow on for-sale-by-owner ads and schedule 3
property showings by Sunday ( exact goals are measurable )
A. I will work harder next week
B. I will improve my listing presentation
C. I will make 10 calls tomorrow on for-sale-by-owner ads
and schedule three property showings by Sunday
D. I will learn by observing successful agents
(1) 9. All of the following will aid you in goal achievement C. that goals should be kept to yourself because they are personal (goals should
EXCEPT be shared so you are accountable for making them. when no one knows the
goals, it is easier to abandon them)
A. that goals should be attainable
B. that goals should be based on what you really want
C. that goals should be kept to yourself because they are
personal
D. that goals should be exact so that you can measure
their attainment
(1) 10. Proper daily planning means that you should D. accomplish all of these
endeavor to
A. reduce "D" Time activities
B. increase "A" Time activities
C. place more emphasis on probabilities than on
possibilities
D. accomplish all of these
(2) 1. Three brokers agreed that they would not let a A. a group boycott
fourth broker show any of their listings. This action would
be regarded as
A. a group boycott
B. price-fixing
C. market allocations
D. a tie-in agreement
(2) 2. Ethics' relationship to law is that B. ethics tend to precede the law
A. if an act is illegal it is also unethical
B. ethics tend to precede the law
C. ethics and the law both set minimum standards for
behavior
D. what is ethical is legal
