Real Estate Principles Exam A+ Grade Assured Complete Solutions And Verified Answers

REAL ESTATE EXAM
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Exam Solution
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Real Estate Principles Exam 1 (1 5) 2026 A+ GRADE AS
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SURED COMPLETE SOLUTIONS AND VERIFIED ANSWER
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S (D4350)
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QUESTION 1 ms




A real estate broker's license enables a person to handle:
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ANSWER

all of these
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QUESTION 2 ms




A statement that shows the financial position of a business as of a certain date is calle
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d:
ANSWER

balance sheet ms




QUESTION 3 ms




The Real Estate Commissioner:
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ANSWER

all of the above.
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QUESTION 4 ms




The Real Estate Commissioner's Regulations apply to:
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ANSWER

all California Real Estate licensees
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,QUESTION 5 ms




The maximum fine for an unlicensed person who receives an illegal commission is:
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ANSWER

$20,000



QUESTION 6 ms




The Real Estate Commissioner has the right to issue regulations for the interpretation
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of Real Estate Law. These regulations
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ANSWER

both b and c are correct
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QUESTION 7 ms




Under certain conditions, a corporation can be licensed as a real estate broker. Which
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of the following is one of those conditions?
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ANSWER

A principal officer of the corporation must be a licensed broker
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QUESTION 8 ms




The maximum time allowed an applicant to take the salesperson's examination is:
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ANSWER

three hours and fifteen minutes
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QUESTION 9 ms




The salesperson's exam
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ANSWER

is difficult to pass, with a 50 percent failure rate
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QUESTION 10 ms




Which of the following is correct?
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ANSWER

All of the above are correct
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, QUESTION 11 ms




The Real Estate Law exempts some people from needing a real estate license. Which o
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f the following are not exempt
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ANSWER

Any person who receives compensation (commission) for performance of an act defined within the r
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ealm of a salesperson's licensing
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QUESTION 12 ms




To obtain a broker's license, a person must:
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ANSWER

hold a salesperson's license for two years
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QUESTION 13 ms




Which of the following shows the financial position of a business over a period of tim
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e?
ANSWER

Profit and loss statement
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QUESTION 14 ms




In a business opportunity sale, the payment for continued patronage is called:
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ANSWER

goodwill



QUESTION 15 ms




A passing score on the real estate salesperson's examination is:
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ANSWER

70%



QUESTION 16 ms




A salesperson who wishes to become a real estate broker must have which of the foll
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owing?