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Rockwell TEST Midterm ALL QUESTIONS AND VERIFIED SOLUTIONS LATEST UPDATE THIS YEAR

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Rockwell TEST Midterm ALL QUESTIONS
AND VERIFIED SOLUTIONS LATEST
UPDATE THIS YEAR




QUESTION: Which of these factors would tend to lower overall property values most in a single-

family residential neighborhood?




a. Construction of smaller and less valuable homes




b. Homogeneity in socioeconomic levels




c. Small changes in zoning laws




d. Purchase of existing homes by first-time buyers - ANSWER-a. Construction of smaller and less

valuable homes




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Explanation: The introduction of less valuable homes into a neighborhood tends to lower the

value of the more expensive homes.




QUESTION: One of the legal obligations of a seller's agent is providing a copy of the seller's

transfer disclosure statement to:




a. the county recorder




b. the listing brokerage and all its agents




c. the multiple listing service




d. the buyer - ANSWER-d. the buyer




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Explanation: The seller's agent is responsible for providing a copy of the transfer disclosure

statement to a buyer.




QUESTION: Which California law prohibits discrimination by business establishments in

general?




a. Fair Employment and Housing Act


b. Housing Financial Discrimination Act


c. Unruh Civil Rights Act


d. Real estate license law - ANSWER-c. Unruh Civil Rights Act




Explanation: The Unruh Civil Rights Act prohibits discrimination by business establishments,

including real estate brokerages.




QUESTION: Which of the following actions by a broker would be illegal under the federal Fair

Housing Act?




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a. Imposing a rule that if African-American clients ask to see "some less expensive houses,"

agents should show them houses in predominantly black neighborhoods




b. Matching up potential buyers with salespersons based on race




c. Neither A nor B; both actions are legal




d. Both A and B; both actions are illegal - ANSWER-d. Both A and B; both actions are illegal




Explanation: The Fair Housing Act prohibits discrimination based on race (or other

characteristics protected under the act) in the provision of services related to the sale or rental

of housing, so both of these actions would be illegal under the act.




Q; For which of the following acts might a broker be subject to disciplinary action?




a. Failing to include a termination date in an exclusive listing agreement




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