CE SHOP REAL ESTATE COURSE -
PRACTICE COURSE (SB1495
COMPLIANT) CA EXAM QUESTIONS
WITH CORRECT ANSWERS
Which of the following is true about performing an Internet search on your name? -
Answer-It can help you monitor your online reputation.
How can privacy tools available on most social networking sites protect your personal
safety? - Answer-They can allow you to control what pictures and information other
people see.
Many lawsuits have been filed against companies that fail to protect the security of
what? - Answer-Confidential client data
Calli is a new licensee. If she wants to succeed in real estate, she should ______. -
Answer-Work hard and stick with it.
You should try to have a face-to-face meeting with each person in your sphere at least
how often? - Answer-Quarterly
Why are most new real estate licensees hesitant to market to their friends and family? -
Answer-They don't want to seem pushy.
Rather than spend money on lead generation programs, new real estate licensees
should focus on which of the following marketing techniques? - Answer-Sphere
marketing
Malcom decided to join a team within his first brokerage. He will likely _______. -
Answer-Receive a commission check sooner than if he'd been on his own
If a new licensee is worried about making commission soon, what is one strategy that
could help? - Answer-Join a team.
What is one disadvantage of joining a team? - Answer-You may not learn all aspects of
real estate due to specialization.
What is one advantage of joining a real estate team within a brokerage? - Answer-Doing
so allows you to specialize.
agency coupled with interest - Answer-A situation in which the agent has a financial
stake in the transaction beyond the anticipated commission
, Ex. Jose's listing agreement with his seller clients involved agency coupled with interest
because he had loaned them $2,000 to forestall their foreclosure and expected to be
paid back after the sale went through.
Cheri, a licensee, refuses to negotiate for either party in her dual agency transaction.
What might happen to Cheri? - Answer-Nothing; this is perfectly legal.
At what point must an agency disclosure be given? - Answer-As soon as the
relationship becomes more than casual
Brenda, a consumer, meets Charlie, a licensee. Which of the following actions could
Brenda take that would meet the definition of "more than casual" relating to agency
disclosure? - Answer-Asking for advice in negotiating with another party
What happens if a consumer who refused to sign an agency disclosure later decides to
use that same licensee as their agent? - Answer-A new agency disclosure must be
signed
If an agent lists a home for his sister and it sells, can the agent accept his commission
directly from his sister? - Answer-No, the commission must go through the agent's
broker.
You work for XYZ Realty under the supervision of broker Luke. Your buddy in the next
county gave you a referral fee. The check came to your office in your name. You
deposit it. Is this okay? - Answer-No, because all compensation must come through
your broker.
Bradley provided his clients with a dual agency disclosure. He obtained his clients'
signatures and provided copies to his clients. What step did he miss? - Answer-He did
not make sure his clients understood the form before signing it.
Jim from Greater SW Realty represents Andy as the buyer of a parcel of land. Roger,
also from Greater SW Realty, has the listing for that land. Is this a dual agency
situation? - Answer-Yes, because both Jim and Roger work for the same broker.
If a listing agent is interested in purchasing her own listing, what must that agent do? -
Answer-Disclose to the seller that the agent is interested in purchasing the property.
Danielle is selling her home and has enlisted Camden as her agent. Shortly after
signing the listing agreement, Camden informs Danielle that he'd like to purchase her
home. What can Danielle do? - Answer-Danielle may cancel the listing agreement and
seek representation from another agent.
Imagine that you're an active real estate licensee as well as an architect, and you'd like
to partner with a builder who's just beginning a development. Which of these creates
PRACTICE COURSE (SB1495
COMPLIANT) CA EXAM QUESTIONS
WITH CORRECT ANSWERS
Which of the following is true about performing an Internet search on your name? -
Answer-It can help you monitor your online reputation.
How can privacy tools available on most social networking sites protect your personal
safety? - Answer-They can allow you to control what pictures and information other
people see.
Many lawsuits have been filed against companies that fail to protect the security of
what? - Answer-Confidential client data
Calli is a new licensee. If she wants to succeed in real estate, she should ______. -
Answer-Work hard and stick with it.
You should try to have a face-to-face meeting with each person in your sphere at least
how often? - Answer-Quarterly
Why are most new real estate licensees hesitant to market to their friends and family? -
Answer-They don't want to seem pushy.
Rather than spend money on lead generation programs, new real estate licensees
should focus on which of the following marketing techniques? - Answer-Sphere
marketing
Malcom decided to join a team within his first brokerage. He will likely _______. -
Answer-Receive a commission check sooner than if he'd been on his own
If a new licensee is worried about making commission soon, what is one strategy that
could help? - Answer-Join a team.
What is one disadvantage of joining a team? - Answer-You may not learn all aspects of
real estate due to specialization.
What is one advantage of joining a real estate team within a brokerage? - Answer-Doing
so allows you to specialize.
agency coupled with interest - Answer-A situation in which the agent has a financial
stake in the transaction beyond the anticipated commission
, Ex. Jose's listing agreement with his seller clients involved agency coupled with interest
because he had loaned them $2,000 to forestall their foreclosure and expected to be
paid back after the sale went through.
Cheri, a licensee, refuses to negotiate for either party in her dual agency transaction.
What might happen to Cheri? - Answer-Nothing; this is perfectly legal.
At what point must an agency disclosure be given? - Answer-As soon as the
relationship becomes more than casual
Brenda, a consumer, meets Charlie, a licensee. Which of the following actions could
Brenda take that would meet the definition of "more than casual" relating to agency
disclosure? - Answer-Asking for advice in negotiating with another party
What happens if a consumer who refused to sign an agency disclosure later decides to
use that same licensee as their agent? - Answer-A new agency disclosure must be
signed
If an agent lists a home for his sister and it sells, can the agent accept his commission
directly from his sister? - Answer-No, the commission must go through the agent's
broker.
You work for XYZ Realty under the supervision of broker Luke. Your buddy in the next
county gave you a referral fee. The check came to your office in your name. You
deposit it. Is this okay? - Answer-No, because all compensation must come through
your broker.
Bradley provided his clients with a dual agency disclosure. He obtained his clients'
signatures and provided copies to his clients. What step did he miss? - Answer-He did
not make sure his clients understood the form before signing it.
Jim from Greater SW Realty represents Andy as the buyer of a parcel of land. Roger,
also from Greater SW Realty, has the listing for that land. Is this a dual agency
situation? - Answer-Yes, because both Jim and Roger work for the same broker.
If a listing agent is interested in purchasing her own listing, what must that agent do? -
Answer-Disclose to the seller that the agent is interested in purchasing the property.
Danielle is selling her home and has enlisted Camden as her agent. Shortly after
signing the listing agreement, Camden informs Danielle that he'd like to purchase her
home. What can Danielle do? - Answer-Danielle may cancel the listing agreement and
seek representation from another agent.
Imagine that you're an active real estate licensee as well as an architect, and you'd like
to partner with a builder who's just beginning a development. Which of these creates
