CE SHOP - CA REAL ESTATE COURSE - PRACTICE 45 HOUR CA
COURSE EXAM STUDY SET WITH COMPLETE SOLUTIONS 100%
VERIFIED!!
When a seller counters the buyers' original offer, what options do buyers have? - (ANSWER)They can
accept, counter, or reject the offer.
If a seller asks a buyer to waive the inspection contingency, how could the transaction process transpire
and still protect the buyer? - (ANSWER)Buyer has inspection, buyer makes offer, seller accepts offer
Which of the following is a danger of office exclusives? - (ANSWER)Reduced market exposure
Which of these offers would be the most appealing to a seller? - (ANSWER)The best offer is the one a
seller determines is best for his unique needs and motivations
A buyer is reluctant to ask for repairs and risks the seller accepting a different offer. In what type of
market is this concern most valid? - (ANSWER)Hot
Which of the following are common with cold markets? - (ANSWER)No or low offers
Seller repairs, lengthy closing dates, and seller-paid closing costs are terms buyers may ask for in a
____________ market. - (ANSWER)cold
In what type of market are sellers typically in a power position? - (ANSWER)hot
Which of these standard forms is used to document an agreement between a seller and a listing broker
to cease marketing a property? - (ANSWER)Cancellation of Listing
If a contract is signed under duress or undue influence, what essential element of a contract is missing? -
(ANSWER)Consent
If two parties enter into a contractual agreement with each other to perform an illegal act, which of the
following statements is true of the contract? - (ANSWER)It is void because it is not for a lawful purpose.
,CE SHOP - CA REAL ESTATE COURSE - PRACTICE 45 HOUR CA
COURSE EXAM STUDY SET WITH COMPLETE SOLUTIONS 100%
VERIFIED!!
Which of the following requires that contracts transferring ownership of real property be in writing to be
enforceable? - (ANSWER)Statute of frauds
Which of the following advance fees is legal? - (ANSWER)Lisa, a licensee, receives approval for her
advance fee agreement from California DRE and is paid through her broker.
Amy is explaining the broker and seller's duties section of a listing agreement to a new client. Which of
these would be an accurate statement to make? - (ANSWER)The seller and the broker agree to exercise
reasonable effort and cooperation in the sale of the property.
Caryn is a listing agent for Bret and has just provided him with an offer on his property. Bret informs
Caryn that the home is in foreclosure. What do we know about this situation? - (ANSWER)Bret should
have disclosed this to Caryn per the listing agreement.
Which of these agreements needs to be signed before all of the others? - (ANSWER)Agency disclosure
Which of the following distressed property types is covered by the Residential Listing Agreement? -
(ANSWER)Short sale and REO
Which of these advance fee agreements is legal in California? - (ANSWER)A broker and seller agree to an
advance fee for marketing a time-share property and the agreement was approved by the Department
of Real Estate.
Andy has decided to drop the price on his townhome. His listing agreement states the list price as
$650,000. How can he account for the price drop? - (ANSWER)Complete a Modification of Terms form
before changing it on the MLS
Advance fee agreements in California need to be approved by which regulatory body? -
(ANSWER)Department of Real Estate
, CE SHOP - CA REAL ESTATE COURSE - PRACTICE 45 HOUR CA
COURSE EXAM STUDY SET WITH COMPLETE SOLUTIONS 100%
VERIFIED!!
Which type of a buyer representation agreement allows a buyer to enter into agreements with multiple
brokers and pay only the broker who found the property that was ultimately purchased by the buyer? -
(ANSWER)Non-exclusive buyer representation agreement
A buyer representation agreement that states the buyer will only work with one agent is ______ buyer
representation agreement. - (ANSWER)An exclusive
Which type of buyer representation agreement published by C.A.R. does not include a broker
compensation section? - (ANSWER)BRNN
One of the buyer representation agreements published by C.A.R. is the BRNE. What does the 'NE' stand
for? - (ANSWER)Non-exclusive
The Fair Housing Act prohibits which of the following? - (ANSWER)An advertisement that states families
with children need not apply.
An agent tells her clients that the property they're about to view is located in a predominantly Chinese
area. Which protected class would this discriminate against? - (ANSWER)National origin
Valerie represents a client who is gay. While negotiating a deal on the client's behalf, Valerie should
______. - (ANSWER)Do the best she can, regardless of her client's sexual orientation
The Fair Housing Act prohibits which of the following in a rental transaction? - (ANSWER)Refusing to rent
a home to a family because they are white
Since the 1988 amendments to the Fair Housing Act, the ______ has taken on greater responsibilities in
the enforcing of fair housing laws - (ANSWER)Department of Housing and Urban Development (HUD)
In the 1880's many state legislatures passed segregation laws, referred to as ______ laws, in opposition
to the federal statutes regarding equality. - (ANSWER)Jim Crow
COURSE EXAM STUDY SET WITH COMPLETE SOLUTIONS 100%
VERIFIED!!
When a seller counters the buyers' original offer, what options do buyers have? - (ANSWER)They can
accept, counter, or reject the offer.
If a seller asks a buyer to waive the inspection contingency, how could the transaction process transpire
and still protect the buyer? - (ANSWER)Buyer has inspection, buyer makes offer, seller accepts offer
Which of the following is a danger of office exclusives? - (ANSWER)Reduced market exposure
Which of these offers would be the most appealing to a seller? - (ANSWER)The best offer is the one a
seller determines is best for his unique needs and motivations
A buyer is reluctant to ask for repairs and risks the seller accepting a different offer. In what type of
market is this concern most valid? - (ANSWER)Hot
Which of the following are common with cold markets? - (ANSWER)No or low offers
Seller repairs, lengthy closing dates, and seller-paid closing costs are terms buyers may ask for in a
____________ market. - (ANSWER)cold
In what type of market are sellers typically in a power position? - (ANSWER)hot
Which of these standard forms is used to document an agreement between a seller and a listing broker
to cease marketing a property? - (ANSWER)Cancellation of Listing
If a contract is signed under duress or undue influence, what essential element of a contract is missing? -
(ANSWER)Consent
If two parties enter into a contractual agreement with each other to perform an illegal act, which of the
following statements is true of the contract? - (ANSWER)It is void because it is not for a lawful purpose.
,CE SHOP - CA REAL ESTATE COURSE - PRACTICE 45 HOUR CA
COURSE EXAM STUDY SET WITH COMPLETE SOLUTIONS 100%
VERIFIED!!
Which of the following requires that contracts transferring ownership of real property be in writing to be
enforceable? - (ANSWER)Statute of frauds
Which of the following advance fees is legal? - (ANSWER)Lisa, a licensee, receives approval for her
advance fee agreement from California DRE and is paid through her broker.
Amy is explaining the broker and seller's duties section of a listing agreement to a new client. Which of
these would be an accurate statement to make? - (ANSWER)The seller and the broker agree to exercise
reasonable effort and cooperation in the sale of the property.
Caryn is a listing agent for Bret and has just provided him with an offer on his property. Bret informs
Caryn that the home is in foreclosure. What do we know about this situation? - (ANSWER)Bret should
have disclosed this to Caryn per the listing agreement.
Which of these agreements needs to be signed before all of the others? - (ANSWER)Agency disclosure
Which of the following distressed property types is covered by the Residential Listing Agreement? -
(ANSWER)Short sale and REO
Which of these advance fee agreements is legal in California? - (ANSWER)A broker and seller agree to an
advance fee for marketing a time-share property and the agreement was approved by the Department
of Real Estate.
Andy has decided to drop the price on his townhome. His listing agreement states the list price as
$650,000. How can he account for the price drop? - (ANSWER)Complete a Modification of Terms form
before changing it on the MLS
Advance fee agreements in California need to be approved by which regulatory body? -
(ANSWER)Department of Real Estate
, CE SHOP - CA REAL ESTATE COURSE - PRACTICE 45 HOUR CA
COURSE EXAM STUDY SET WITH COMPLETE SOLUTIONS 100%
VERIFIED!!
Which type of a buyer representation agreement allows a buyer to enter into agreements with multiple
brokers and pay only the broker who found the property that was ultimately purchased by the buyer? -
(ANSWER)Non-exclusive buyer representation agreement
A buyer representation agreement that states the buyer will only work with one agent is ______ buyer
representation agreement. - (ANSWER)An exclusive
Which type of buyer representation agreement published by C.A.R. does not include a broker
compensation section? - (ANSWER)BRNN
One of the buyer representation agreements published by C.A.R. is the BRNE. What does the 'NE' stand
for? - (ANSWER)Non-exclusive
The Fair Housing Act prohibits which of the following? - (ANSWER)An advertisement that states families
with children need not apply.
An agent tells her clients that the property they're about to view is located in a predominantly Chinese
area. Which protected class would this discriminate against? - (ANSWER)National origin
Valerie represents a client who is gay. While negotiating a deal on the client's behalf, Valerie should
______. - (ANSWER)Do the best she can, regardless of her client's sexual orientation
The Fair Housing Act prohibits which of the following in a rental transaction? - (ANSWER)Refusing to rent
a home to a family because they are white
Since the 1988 amendments to the Fair Housing Act, the ______ has taken on greater responsibilities in
the enforcing of fair housing laws - (ANSWER)Department of Housing and Urban Development (HUD)
In the 1880's many state legislatures passed segregation laws, referred to as ______ laws, in opposition
to the federal statutes regarding equality. - (ANSWER)Jim Crow
