Exam Questions and Correct
Answers | New Update
How is an individual selected to act as Real Estate Commissioner? -
ANSWER ✔✔The individual is appointed by the governor
What does the Real Estate Advisory Commission do? - ANSWER
✔✔Discusses real estate policy and makes recommendations to the
Commissioner
What is the California Bureau of Real Estate (CalBRE) responsible for? -
ANSWER ✔✔Regulating the real estate industry
,Where can California real estate law be found? - ANSWER ✔✔In the
Business and Professions Code
Which real estate brokerage ownership types require a separate
license? - ANSWER ✔✔Corporations only
Which of these parties must obtain a real estate license before
performing real estate activities? - ANSWER ✔✔Persons
representing buyers or sellers who will receive compensation for their
services
Which of the following statements best describes a sole proprietor? -
ANSWER ✔✔A brokerage owned by a single person
You've been studying real estate for a while and are a few weeks from
taking the exam and getting your real estate license. Which activities are
you able to do? - ANSWER ✔✔Negotiate and buy your own property.
Adam is an unlicensed assistant working with Sarah, a licensed
salesperson. The following tasks are on their plates. Which of these
actions can only Sarah performed? - ANSWER ✔✔Showing the
property to prospective buyers
, Which real estate brokerage ownership types may do business under a
fictitious name? - ANSWER ✔✔Sole proprietorships, partnerships,
and corporations
Amy acts like a salesperson and is supervised by a broker, but she holds
her broker's license. What is her job title? - ANSWER ✔✔Associate
broker
What are common ownership structures for real estate brokerages? -
ANSWER ✔✔Sole proprietorships, partnerships, and corporations
What must be true for a partnership to conduct real estate activities? -
ANSWER ✔✔At least one partner must hold a broker license
You decide to help negotiate the sale price of a buddy's place even
though you don't yet have a license. After the sale he pays you $50 in
appreciation for your efforts. Why would this be considered an illegal
activity? - ANSWER ✔✔Because you cannot accept any amount of
compensation for negotiating the sale price of a home that is not your
own without a license.
How many hours of continuing education must a licensee complete in
order to renew their real estate license? - ANSWER ✔✔45 hours
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