CALIFORNIA HOUSEHOLD MOVERS
ACTUAL TEST PAPER COMPLETE
QUESTIONS AND SOLUTIONS TESTED
ANSWERS
◉ License Types II
Things that a salesperson does
Answer: same thing as a broker but must be licensed by a real estate
broker, knows as "broker of record" at the time of these activities
performed.
◉ License Types II
Associate broker
Answer: Some licensees wish to hold a broker license, which may be
more reflective of their level of experience, but don't want to
shoulder all the responsibilities of a broker. An associate broker, also
called a broker-associate, is a person who holds a real estate broker
license, but is employed by, and works under the supervision of, a
broker of record. Essentially, an associate broker works as a
salesperson, but holds a broker license.
◉ License Types II
,Connect each character description with their license type, which
matches the title they can legally use on their advertisements and
business cards to describe their license status.
Karen has held a license in real estate for eight years. She supervises
Jan. She is responsible for any real estate activities that Jan performs.
Answer: Broker
◉ License Types II
Jan, who is sponsored by Karen, has been offering her services as a
real estate agent for about nine months.
Answer: Salesperson
◉ Identify the Salesperson
In addition to understanding what each license type means in
practice, you'll need to recognize the definitions of these license
types. Which of these best defines a real estate salesperson?
Answer: A person who performs real estate service activities under
a licensed broker's supervision
◉ Spot the associate broker
Which of these best describes an associate broker?
,Answer: A licensed broker who chooses to work under the
supervision and name of another licensed broker
◉ Who is the broker?
Tyler and Mason work at the same real estate brokerage office. Tyler
has worked in the industry for about six months now, under the
supervision of Mason who has been licensed for more than 10 years.
Mason also supervises three other licensees, all who perform real
estate activities under his license. Who is most likely the broker in
this situation?
Answer: Mason
◉ What is a Brokerage?
Once you get your license, you'll work for a real estate brokerage.
Which statement best describes a real estate brokerage?
Answer: A business under which real estate activities are performed.
◉ Brokerage Ownership Types
What are the ownership types for brokerages in California? Select all
that apply.
Answer: corporation
, partnership
sole proprietor
◉ Sole Proprietor
Answer: Owned by a single person (can be licensed or unlicensed)
May have employees or support staff
Must have at least one licensed broker under whom real estate
activities are conducted
◉ Partnership
Answer: Business is owned by two or more parties
At least one partner must be a licensed real estate broker
Each partner who conducts real estate activities must be a licensed
real estate broker
Only one licensed partner represents the business as the broker of
record
ACTUAL TEST PAPER COMPLETE
QUESTIONS AND SOLUTIONS TESTED
ANSWERS
◉ License Types II
Things that a salesperson does
Answer: same thing as a broker but must be licensed by a real estate
broker, knows as "broker of record" at the time of these activities
performed.
◉ License Types II
Associate broker
Answer: Some licensees wish to hold a broker license, which may be
more reflective of their level of experience, but don't want to
shoulder all the responsibilities of a broker. An associate broker, also
called a broker-associate, is a person who holds a real estate broker
license, but is employed by, and works under the supervision of, a
broker of record. Essentially, an associate broker works as a
salesperson, but holds a broker license.
◉ License Types II
,Connect each character description with their license type, which
matches the title they can legally use on their advertisements and
business cards to describe their license status.
Karen has held a license in real estate for eight years. She supervises
Jan. She is responsible for any real estate activities that Jan performs.
Answer: Broker
◉ License Types II
Jan, who is sponsored by Karen, has been offering her services as a
real estate agent for about nine months.
Answer: Salesperson
◉ Identify the Salesperson
In addition to understanding what each license type means in
practice, you'll need to recognize the definitions of these license
types. Which of these best defines a real estate salesperson?
Answer: A person who performs real estate service activities under
a licensed broker's supervision
◉ Spot the associate broker
Which of these best describes an associate broker?
,Answer: A licensed broker who chooses to work under the
supervision and name of another licensed broker
◉ Who is the broker?
Tyler and Mason work at the same real estate brokerage office. Tyler
has worked in the industry for about six months now, under the
supervision of Mason who has been licensed for more than 10 years.
Mason also supervises three other licensees, all who perform real
estate activities under his license. Who is most likely the broker in
this situation?
Answer: Mason
◉ What is a Brokerage?
Once you get your license, you'll work for a real estate brokerage.
Which statement best describes a real estate brokerage?
Answer: A business under which real estate activities are performed.
◉ Brokerage Ownership Types
What are the ownership types for brokerages in California? Select all
that apply.
Answer: corporation
, partnership
sole proprietor
◉ Sole Proprietor
Answer: Owned by a single person (can be licensed or unlicensed)
May have employees or support staff
Must have at least one licensed broker under whom real estate
activities are conducted
◉ Partnership
Answer: Business is owned by two or more parties
At least one partner must be a licensed real estate broker
Each partner who conducts real estate activities must be a licensed
real estate broker
Only one licensed partner represents the business as the broker of
record
