Real Estate Principles Chapters 1 – 15 Exam Prep:
Questions With Complete Solutions
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Terms in this set (150)
A real estate salesperson is the employing broker only
supervised by
The employing broker is held accountable for the
the buyer or seller. salesperson's conduct in performing business
the seller. activities.
any licensed broker.
the employing broker only
When a real estate license expires, two years later
licensed activity must cease but the
license may be renewed up to A license that is not renewed before it expires may
be renewed at any time up to two years from the
two years later. expiration date. All licensed activity must cease
four years later. before the license is renewed and a late renewal fee
one year later. will be required.
three years later
Every real estate broker must be Real Estate
licensed by the Bureau of
The Bureau of Real Estate licenses real estate brokers
State. in California.
Housing.
Corporations.
Real Estate.
,Under the Real Estate Law, a real employee
estate salesperson works for a broker
as an For purposes of the Real Estate Law, a salesperson is
Incorrect always considered the employee of the broker.
associate broker.
independent contractor.
employee.
agent.
Which of the following does NOT Selling your own property
require a real estate license?
It is not necessary to have a real estate license to sell
Presenting an offer your own property.
Selling your own property
Taking a listing
Negotiating a lease
Real estate licenses are renewable for four years
a period of
The full term on renewal of a broker's or
four years. salesperson's license is four years.
two years.
three years.
one year.
The applicant for a real estate Three
salesperson's license must complete
how many college-level courses An applicant for a real estate salesperson's license
before taking the licensing must complete three college-level courses before
examination? taking the licensing examination.
Seven
Three
One
Five
,The Real Estate Advisory Commission 10 members.
consists of
There are 10 members of the Real Estate Advisory
6 members. Commission. They are appointed by the Real Estate
10 members. Commissioner, who presides over their meetings.
11 members.
7 members.
The Real Estate Law allows a business by a real estate licensee
opportunity to be sold
A real estate licensee may represent others in the
by a real estate licensee. purchase or sale of a business. Business brokerage is
by a PRLS licensee. a growing area of real estate practice.
with a special endorsement.
by a financial planner.
California's Real Estate Law is found in Business and Professions Code
the
California legislation has been compiled into a series
Business and Professions Code. of books called codes. The Real Estate Law is
Government Code. Division 4 of the Business and Professions Code. Part
Civil Code. 1 covers licensing and Part 2 covers transactions.
Financial Code.
There are three principal baselines northern California.
and meridians in California. The
intersection of the Humboldt Baseline The Humboldt Baseline and Meridian were
and Meridian is in established on Mt. Pierre in Humboldt County in
1853. The other two baseline and meridians were
a state other than California. established a few years earlier.
southern California.
central California.
northern California.
, Personal property is usually bill of sale
transferred by a
Ownership of real property is usually transferred by
bill of sale. an instrument called a deed. Personal property is
purchase contract. usually transferred by a bill of sale.
deed.
will.
Something that is used with the land an appurtenance
for its benefit, such as a roadway or a
waterway, is known as An appurtenance to land is anything used with the
land for the benefit of its owners, such as a roadway,
an encumbrance. an easement, right of way, or condominium parking
a fixture. space.
an appurtenance.
personal property.
The rectangular survey system is also U.S. government survey system
known as the
The rectangular survey system is also called the
Torrens system. section and township system, or the U.S. government
lot, block, and tract system. survey system, and is used by the United States
U.S. government survey system. Surveyor General to survey public lands.
metes and bounds system.
The term real estate means the same real property
thing as
In California, the term real property is synonymous
ownership. with the term real estate.
personal property.
real property.
intangible personal property.
Real property includes all of these
land. The California Civil Code definition of real property
fixtures. includes land, fixtures, anything incidental or
appurtenances to land. appurtenant to land, and anything immovable by law.
all of these.
Questions With Complete Solutions
Save Groups
Terms in this set (150)
A real estate salesperson is the employing broker only
supervised by
The employing broker is held accountable for the
the buyer or seller. salesperson's conduct in performing business
the seller. activities.
any licensed broker.
the employing broker only
When a real estate license expires, two years later
licensed activity must cease but the
license may be renewed up to A license that is not renewed before it expires may
be renewed at any time up to two years from the
two years later. expiration date. All licensed activity must cease
four years later. before the license is renewed and a late renewal fee
one year later. will be required.
three years later
Every real estate broker must be Real Estate
licensed by the Bureau of
The Bureau of Real Estate licenses real estate brokers
State. in California.
Housing.
Corporations.
Real Estate.
,Under the Real Estate Law, a real employee
estate salesperson works for a broker
as an For purposes of the Real Estate Law, a salesperson is
Incorrect always considered the employee of the broker.
associate broker.
independent contractor.
employee.
agent.
Which of the following does NOT Selling your own property
require a real estate license?
It is not necessary to have a real estate license to sell
Presenting an offer your own property.
Selling your own property
Taking a listing
Negotiating a lease
Real estate licenses are renewable for four years
a period of
The full term on renewal of a broker's or
four years. salesperson's license is four years.
two years.
three years.
one year.
The applicant for a real estate Three
salesperson's license must complete
how many college-level courses An applicant for a real estate salesperson's license
before taking the licensing must complete three college-level courses before
examination? taking the licensing examination.
Seven
Three
One
Five
,The Real Estate Advisory Commission 10 members.
consists of
There are 10 members of the Real Estate Advisory
6 members. Commission. They are appointed by the Real Estate
10 members. Commissioner, who presides over their meetings.
11 members.
7 members.
The Real Estate Law allows a business by a real estate licensee
opportunity to be sold
A real estate licensee may represent others in the
by a real estate licensee. purchase or sale of a business. Business brokerage is
by a PRLS licensee. a growing area of real estate practice.
with a special endorsement.
by a financial planner.
California's Real Estate Law is found in Business and Professions Code
the
California legislation has been compiled into a series
Business and Professions Code. of books called codes. The Real Estate Law is
Government Code. Division 4 of the Business and Professions Code. Part
Civil Code. 1 covers licensing and Part 2 covers transactions.
Financial Code.
There are three principal baselines northern California.
and meridians in California. The
intersection of the Humboldt Baseline The Humboldt Baseline and Meridian were
and Meridian is in established on Mt. Pierre in Humboldt County in
1853. The other two baseline and meridians were
a state other than California. established a few years earlier.
southern California.
central California.
northern California.
, Personal property is usually bill of sale
transferred by a
Ownership of real property is usually transferred by
bill of sale. an instrument called a deed. Personal property is
purchase contract. usually transferred by a bill of sale.
deed.
will.
Something that is used with the land an appurtenance
for its benefit, such as a roadway or a
waterway, is known as An appurtenance to land is anything used with the
land for the benefit of its owners, such as a roadway,
an encumbrance. an easement, right of way, or condominium parking
a fixture. space.
an appurtenance.
personal property.
The rectangular survey system is also U.S. government survey system
known as the
The rectangular survey system is also called the
Torrens system. section and township system, or the U.S. government
lot, block, and tract system. survey system, and is used by the United States
U.S. government survey system. Surveyor General to survey public lands.
metes and bounds system.
The term real estate means the same real property
thing as
In California, the term real property is synonymous
ownership. with the term real estate.
personal property.
real property.
intangible personal property.
Real property includes all of these
land. The California Civil Code definition of real property
fixtures. includes land, fixtures, anything incidental or
appurtenances to land. appurtenant to land, and anything immovable by law.
all of these.
