CA Real Estate Principles Test Aceable Agent
Questions And Complete Answers
The sale or transfer of goods ordinarily held for sale in the course of business is governed in CA
by what? The 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?
Yes
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. False: The
former licensee must cease all real estate activities until it is renewed
A real estate licensee can offer a mobile home for sale that is in what type of location? A
location where it can legally remain for one year
A couple desperately wants to move to Pine Bend, and they like the seller's house, which is listed
with a broker. The couple tells the broker they will "make it worth his while" if he can persuade
the sellers to accept their offer, and they send an expensive food basket to the broker as a sign of
, CA Real Estate Principles Test Aceable Agent
Questions And Complete Answers
their good faith. The broker neglects to mention this to the sellers. This practice is:
Prohibited
A broker routinely places earnest money deposits in his personal account for overnight
safekeeping. This practice is: Prohibited
A broker has an exclusive listing agreement with a property owner. The listing will terminate
"when the parties agree" this practice is: Prohibited
When a broker exercised his option to buy Whiteacre, he presented to the owner of Whitacre a
written statement of his expected profit in the transaction. The seller agreed in writing to proceed
with the sale. This conduct is Mandated
The broker-office of XYZ Realty, Inc, does not like overly aggressive sales tactics of XYZ's
sales people but has not reprimanded them because business is so good. The broker's conduct is
Discouraged
Questions And Complete Answers
The sale or transfer of goods ordinarily held for sale in the course of business is governed in CA
by what? The 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?
Yes
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. False: The
former licensee must cease all real estate activities until it is renewed
A real estate licensee can offer a mobile home for sale that is in what type of location? A
location where it can legally remain for one year
A couple desperately wants to move to Pine Bend, and they like the seller's house, which is listed
with a broker. The couple tells the broker they will "make it worth his while" if he can persuade
the sellers to accept their offer, and they send an expensive food basket to the broker as a sign of
, CA Real Estate Principles Test Aceable Agent
Questions And Complete Answers
their good faith. The broker neglects to mention this to the sellers. This practice is:
Prohibited
A broker routinely places earnest money deposits in his personal account for overnight
safekeeping. This practice is: Prohibited
A broker has an exclusive listing agreement with a property owner. The listing will terminate
"when the parties agree" this practice is: Prohibited
When a broker exercised his option to buy Whiteacre, he presented to the owner of Whitacre a
written statement of his expected profit in the transaction. The seller agreed in writing to proceed
with the sale. This conduct is Mandated
The broker-office of XYZ Realty, Inc, does not like overly aggressive sales tactics of XYZ's
sales people but has not reprimanded them because business is so good. The broker's conduct is
Discouraged
