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Exam (elaborations)

CE SHOP REAL ESTATE - PRINCIPLES REAL ESTATE COURSE – CA EXAM QUESTIONS AND ANSWERS

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CE SHOP REAL ESTATE - PRINCIPLES REAL ESTATE COURSE – CA EXAM QUESTIONS AND ANSWERS

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Uploaded on
January 30, 2025
Number of pages
5
Written in
2024/2025
Type
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Questions & answers

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CE SHOP REAL ESTATE - PRINCIPLES
REAL ESTATE COURSE – CA EXAM
QUESTIONS AND ANSWERS
Jackson holds a real estate broker license with an MLO endorsement. How many hours
of continuing education must he complete each year to renew this endorsement? -
Answer-Eight hours

Bradley has a real estate salesperson's license. He's done some traveling recently and
missed the deadline to renew his license. It's now 30 days past the expiration date.
What must he do to renew his license? - Answer-Complete the continuing education
requirements and submit a renewal and late fee.

Sally is a real estate salesperson. How many hours of continuing education must she
complete before the license expiration date in order to renew it for another four years? -
Answer-45 hours

Jackson holds a real estate broker license with an MLO endorsement. How often must
he renew his MLO endorsement? - Answer-Every year

Which of these real estate licensees may be exempt from the continuing education
requirements for license renewal? - Answer-Al is 70 years old and has been licensed in
good standing for 30 consecutive years.

Years ago, Rachel held a real estate license. She took some time off to travel and start
a family. Now she's ready to get back in the saddle. Her license expired three years
ago. What must she do to renew her license and start practicing real estate again? -
Answer-Requalify for a real estate license by completing pre-licensing courses and
passing the state licensing exam.

What is the goal of real estate law? - Answer-Protect and promote public safety, health,
order, and welfare

How many members on the Real Estate Advisory Commission are real estate brokers
licensed in California? - Answer-Six

How is an individual selected to act as Real Estate Commissioner? - Answer-The
individual is appointed by the governor

How many members on the Real Estate Advisory Commission are unlicensed
consumers? - Answer-Four

, Edwina has a California salesperson license. Which of these statements is true? -
Answer-She must associate with a broker in order to perform any real estate activities.

Which of the following tasks is an unlicensed assistant at a California brokerage
permitted to perform? - Answer-Write advertisements for broker approval.

June has worked with buyers and sellers for years. When homeowners default on their
mortgage, June acts as trustee for the deed of trust. Under the deed of trust, June has
the authority to sell the property. Does June have a real estate license? - Answer-No,
trustees selling properties under a deed of trust are exempt from licensure.

Amanda helps her neighbor sell his home by assisting with negotiations. She receives
no compensation for her assistance. Based on this one transaction, Amanda ______. -
Answer-Doesn't need a real estate license

Which real estate brokerage ownership types require a separate license? - Answer-
Corporations only

Which of the following properties is considered a mobile home? - Answer-A structure
transported in two units and built in 1975 on a permanent chassis

What types of real estate licenses are issued in California? - Answer-Broker and
salesperson licenses

Angela is an unlicensed assistant working with Sam, a licensed salesperson. The
following tasks are on their plates. Which of these actions can only Sam perform? -
Answer-Negotiate on the client's behalf

To what type of estate does pur autre vie apply? - Answer-Freehold estate

What form of ownership is inheritable and includes the entire bundle of rights, not
subject to any conditions or qualifications? - Answer-Fee simple absolute

John and Dale are married in San Francisco, and soon purchase a condo. They'll take
title to it by default as ______ according to California law. - Answer-Community property

Which form of real property ownership (for owners other than married couples) means
there's equal ownership shares with undivided possession rights? - Answer-Joint
tenancy

Widget Corporation just bought land on which it plans to build a new manufacturing
facility. How is the land owned? - Answer-It's owned as an estate in severalty.

Non-lawful possession after the expiration of a lease is called ______. - Answer-Estate
at sufferance

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