CA Real Estate Principles Test Aceable Agent Exam Questios with 100% Correct Answers

CA Real Estate Principles Test Aceable Agent Exam Questios with 100% Correct Answers In what code is the Real Estate Law found? - answerBusiness and Professions Code Who does the Real Estate Commissioner Report to? - answerThe governor A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the broker owns the remaining shares. Is the division ownership acceptable or unacceptable? - answerAcceptable A salesperson is part owner of Rollo Realty Inc. In the broker's absence, the salesperson frequently reviews the work of sales associates. This is: - answerProhibited A real estate business that is a partnership can have more than once office location, provided what? - answerA broker partner obtains an additional license for each location The sale or transfer of goods ordinarily held for sale in the course of business is governed in CA by what? - answerThe Uniform Commercial Code An officer of Ajax Corporation who is 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 estate license? - answerYes True or False: If a real estate license is NOT renewed before it expired, the licensee may act under authority of another agent's license for a period not exceeding 60 days. - answerFalse: The former licensee must cease all real estate activities until it is renewed