1 Exampromax - Stuvia US 2025/2026
Aceable Agent: Real Estate Principles: Review
Questions Questions and Answers (100%
Correct Answers) Already Graded A+
The Real Estate Law is found in
A. The Licensing Code
B. The Business and Professions Code
C. The Health and Safety Code
D. The Corporations Code
Ans: B. Business and Professions Code
© 2025 Assignment Expert
The Real Estate Commissioner reports to
Exampromax - Stuvia US
a. the California Bureau of Real Estate.
b. the governor.
c. the Department of Housing and Urban Development.
d. the legislature.
Ans: B. the governor
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and
the broker owns the remaining shares. The division of ownership is
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.
Ans: A. Acceptable
A salesperson is part owner of Rollo Realty Inc. In the broker's absence, the
salesperson frequently reviews the work of sales associates. This is
a. acceptable.
b. mandated.
c. discouraged.
, 2 Exampromax - Stuvia US 2025/2026
d. prohibited.
Ans: D. Prohibited
A real estate business that is a partnership can have more than one office
location, provided
a. a broker partner obtains an additional license for each location.
b. all partners are real estate licensees.
c. there is a designated broker-officer.
d. there is at least one partner at each location.
Ans: A. A broker partner obtains an additional license for each location.
© 2025 Assignment Expert
The sale or transfer of goods ordinarily held for sale in the course of
business is governed in California by
Exampromax - Stuvia US
a. the Business Opportunity Code.
b. the Commercial Transfer Law.
c. the Uniform Commercial Code.
d. the Real Estate Law.
Ans: C. The Uniform Commercial Code
An officer of Ajax Corporation, who is not a real estate license, successfully
negotiated the purchase of the Smith Widget Plant on behalf of Ajax. The
officer received a commission on the sale in addition to his normal salary.
The officer of Ajax Corporation.
a. did not need a real estate license for the deal.
b. should have had a real estate license.
c. is exempt from licensing requirements.
d. None of these
Ans: B. Should have had a real estate license.
If a real estate license is NOT renewed before it expires, the licensee
a. is allowed to complete transactions in progress.
b. is allowed to finish transactions that are substantially complete.
, 3 Exampromax - Stuvia US 2025/2026
c. must cease all real estate activities.
d. may act under authority of another agent's license for a period not to
exceed 60 days.
Ans: C. Must cease all real estate activities
A real estate licensee can offer a mobile home for sale that is
a. in a manufacturing plant, ready for delivery.
b. transportable under an exemption from the Vehicle Code.
c. presold.
d. in a location where it can legally remain for one year.
Ans: D. In a location where it can legally remain for one year.
© 2025 Assignment Expert
Exampromax - Stuvia US
A couple desperately wants to move to Pine Bend, and they like the seller's
house, which is listed with a broker. The couple tells the broker they will
"make it worth his while" if he can persuade the sellers to accept their offer,
and they send an expensive food basket to the broker as a sign of their good
faith. The broker neglects to mention this to the sellers. This practice is
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.
Ans: D. Prohibited.
A broker routinely places earnest money deposits in his personal account
for overnight safekeeping. This practice is
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.
Ans: D. Prohibited
, 4 Exampromax - Stuvia US 2025/2026
A broker has an exclusive listing agreement with a property owner. The
listing will terminate "when the parties agree." This practice is
A. acceptable
B. mandated
C. Discouraged
D. Prohibited
Ans: D. Prohibited
When a broker exercised his option to buy Whiteacre, he presented to the
owner of Whiteacre a written statement of his expected profit in the
transaction. The seller agreed in writing to proceed with the sale. This
conduct is
© 2025 Assignment Expert
A. Acceptable
Exampromax - Stuvia US
B. Mandated
C. Discouraged
D. Prohibited
Ans: B. Mandated
The broker-office of XYZ Realty, Inc., does not like the overly aggressive
sales tactics of XYZ's salespeople but has not reprimanded them because
business is so good. The broker's conduct is
A. Acceptable
B. Mandated
C. Discouraged
D. Prohibited
Ans: C. Discouraged
A broker wants to help out his neighbor's son, who recently acquired a B.A.
in history from Back East University. The broker hires the graduate to show
property to prospective buyers. Because the new employee has no real estate
license, the broker handles all of the negotiating. This practice is
A. acceptable
B. mandated
Aceable Agent: Real Estate Principles: Review
Questions Questions and Answers (100%
Correct Answers) Already Graded A+
The Real Estate Law is found in
A. The Licensing Code
B. The Business and Professions Code
C. The Health and Safety Code
D. The Corporations Code
Ans: B. Business and Professions Code
© 2025 Assignment Expert
The Real Estate Commissioner reports to
Exampromax - Stuvia US
a. the California Bureau of Real Estate.
b. the governor.
c. the Department of Housing and Urban Development.
d. the legislature.
Ans: B. the governor
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and
the broker owns the remaining shares. The division of ownership is
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.
Ans: A. Acceptable
A salesperson is part owner of Rollo Realty Inc. In the broker's absence, the
salesperson frequently reviews the work of sales associates. This is
a. acceptable.
b. mandated.
c. discouraged.
, 2 Exampromax - Stuvia US 2025/2026
d. prohibited.
Ans: D. Prohibited
A real estate business that is a partnership can have more than one office
location, provided
a. a broker partner obtains an additional license for each location.
b. all partners are real estate licensees.
c. there is a designated broker-officer.
d. there is at least one partner at each location.
Ans: A. A broker partner obtains an additional license for each location.
© 2025 Assignment Expert
The sale or transfer of goods ordinarily held for sale in the course of
business is governed in California by
Exampromax - Stuvia US
a. the Business Opportunity Code.
b. the Commercial Transfer Law.
c. the Uniform Commercial Code.
d. the Real Estate Law.
Ans: C. The Uniform Commercial Code
An officer of Ajax Corporation, who is not a real estate license, successfully
negotiated the purchase of the Smith Widget Plant on behalf of Ajax. The
officer received a commission on the sale in addition to his normal salary.
The officer of Ajax Corporation.
a. did not need a real estate license for the deal.
b. should have had a real estate license.
c. is exempt from licensing requirements.
d. None of these
Ans: B. Should have had a real estate license.
If a real estate license is NOT renewed before it expires, the licensee
a. is allowed to complete transactions in progress.
b. is allowed to finish transactions that are substantially complete.
, 3 Exampromax - Stuvia US 2025/2026
c. must cease all real estate activities.
d. may act under authority of another agent's license for a period not to
exceed 60 days.
Ans: C. Must cease all real estate activities
A real estate licensee can offer a mobile home for sale that is
a. in a manufacturing plant, ready for delivery.
b. transportable under an exemption from the Vehicle Code.
c. presold.
d. in a location where it can legally remain for one year.
Ans: D. In a location where it can legally remain for one year.
© 2025 Assignment Expert
Exampromax - Stuvia US
A couple desperately wants to move to Pine Bend, and they like the seller's
house, which is listed with a broker. The couple tells the broker they will
"make it worth his while" if he can persuade the sellers to accept their offer,
and they send an expensive food basket to the broker as a sign of their good
faith. The broker neglects to mention this to the sellers. This practice is
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.
Ans: D. Prohibited.
A broker routinely places earnest money deposits in his personal account
for overnight safekeeping. This practice is
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.
Ans: D. Prohibited
, 4 Exampromax - Stuvia US 2025/2026
A broker has an exclusive listing agreement with a property owner. The
listing will terminate "when the parties agree." This practice is
A. acceptable
B. mandated
C. Discouraged
D. Prohibited
Ans: D. Prohibited
When a broker exercised his option to buy Whiteacre, he presented to the
owner of Whiteacre a written statement of his expected profit in the
transaction. The seller agreed in writing to proceed with the sale. This
conduct is
© 2025 Assignment Expert
A. Acceptable
Exampromax - Stuvia US
B. Mandated
C. Discouraged
D. Prohibited
Ans: B. Mandated
The broker-office of XYZ Realty, Inc., does not like the overly aggressive
sales tactics of XYZ's salespeople but has not reprimanded them because
business is so good. The broker's conduct is
A. Acceptable
B. Mandated
C. Discouraged
D. Prohibited
Ans: C. Discouraged
A broker wants to help out his neighbor's son, who recently acquired a B.A.
in history from Back East University. The broker hires the graduate to show
property to prospective buyers. Because the new employee has no real estate
license, the broker handles all of the negotiating. This practice is
A. acceptable
B. mandated
