California Real Estate Principles Study Guide
Questions With Correct Answers.
Members of the National Association of Real Estate Brokers are called: - Correct Answer-
REALTISTS
A real estate broker's license enables a person to handle the sale of: - Correct Answer---
Registered mobile homes
--Business opportunities
--Trust deed
A statement that shows the financial position of a business as of a certain date is called: -
Correct Answer-A balance sheet
A candidate for the real estate broker's examination must: - Correct Answer-Have
completed eight college-level real estate courses
Commission rates for real estate agents are established by: - Correct Answer-
Negotiations
A passing score on the real estate salesperson's examination is: - Correct Answer-70%
The Real Estate Commissioner's Regulations apply to: - Correct Answer-All California
real estate licenses
The fine for an unlicensed person who receives an illegal commission is: - Correct
Answer-$20,000
In California, the majority of the laws that regulate the real estate industry originate from: -
Correct Answer-The Business and Professions code
The trade name REALTIST - Correct Answer-National Association of Real Estate Brokers
, The Real Estate commissioner has the right to issue regulations for the interpretation of
Real Estate Law - Correct Answer---These regulations have the same force and effect as
Real Estate Law
--These regulations become part of the California Administrative Code
To obtain a real estate sales license, an applicant must pass approved college-level
courses in: - Correct Answer-Real estate principles, practice, and one other DRE-
approved course
The maximum time allowed an applicant to take the salesperson's examination is: -
Correct Answer-Three hours
A passing score on the real estate broker's examination is: - Correct Answer-75%
Which of the following is not considered to be part of the bundle of rights? The right to: -
Correct Answer-Pay taxes
Which of the following is considered land and, therefore, is real estate? - Correct Answer-
Reasonable airspace above the land
The right of the owner of land bordering on a river to use the river water in a reasonable
manner is called: - Correct Answer-riparian rights
Wall-to-wall carpeting in a single-family dwelling is usually considered to be: - Correct
Answer-a fixture
Which of the following is considered appurtenant to the land and upon sale or other
transfer stays with the land and is not taken by the former owner? - Correct Answer---
Stock in a mutual water company
--An easement
All other things being equal, in a dispute between a buyer and a seller over a fixture, the
courts tend to favor: - Correct Answer-The buyer
In what year was California granted statehood? - Correct Answer-1850
The main feature of personal property is: - Correct Answer-It's mobility
Questions With Correct Answers.
Members of the National Association of Real Estate Brokers are called: - Correct Answer-
REALTISTS
A real estate broker's license enables a person to handle the sale of: - Correct Answer---
Registered mobile homes
--Business opportunities
--Trust deed
A statement that shows the financial position of a business as of a certain date is called: -
Correct Answer-A balance sheet
A candidate for the real estate broker's examination must: - Correct Answer-Have
completed eight college-level real estate courses
Commission rates for real estate agents are established by: - Correct Answer-
Negotiations
A passing score on the real estate salesperson's examination is: - Correct Answer-70%
The Real Estate Commissioner's Regulations apply to: - Correct Answer-All California
real estate licenses
The fine for an unlicensed person who receives an illegal commission is: - Correct
Answer-$20,000
In California, the majority of the laws that regulate the real estate industry originate from: -
Correct Answer-The Business and Professions code
The trade name REALTIST - Correct Answer-National Association of Real Estate Brokers
, The Real Estate commissioner has the right to issue regulations for the interpretation of
Real Estate Law - Correct Answer---These regulations have the same force and effect as
Real Estate Law
--These regulations become part of the California Administrative Code
To obtain a real estate sales license, an applicant must pass approved college-level
courses in: - Correct Answer-Real estate principles, practice, and one other DRE-
approved course
The maximum time allowed an applicant to take the salesperson's examination is: -
Correct Answer-Three hours
A passing score on the real estate broker's examination is: - Correct Answer-75%
Which of the following is not considered to be part of the bundle of rights? The right to: -
Correct Answer-Pay taxes
Which of the following is considered land and, therefore, is real estate? - Correct Answer-
Reasonable airspace above the land
The right of the owner of land bordering on a river to use the river water in a reasonable
manner is called: - Correct Answer-riparian rights
Wall-to-wall carpeting in a single-family dwelling is usually considered to be: - Correct
Answer-a fixture
Which of the following is considered appurtenant to the land and upon sale or other
transfer stays with the land and is not taken by the former owner? - Correct Answer---
Stock in a mutual water company
--An easement
All other things being equal, in a dispute between a buyer and a seller over a fixture, the
courts tend to favor: - Correct Answer-The buyer
In what year was California granted statehood? - Correct Answer-1850
The main feature of personal property is: - Correct Answer-It's mobility
