Legal Aspects of Real Estate - Unit 8 UPDATED ACTUAL Exam Questions and CORRECT Answers

Legal Aspects of Real Estate - Unit 8
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Business & Professions Code - CORRECT ANSWER - Portion of codified California law
covering real estate professionals


Real Estate Law - CORRECT ANSWER - Law that affects the licensing and conduct of
real estate brokers and salespeople


Real Estate Commissioner - CORRECT ANSWER - Head of the Department of Real
Estate


payment of child support - CORRECT ANSWER - If not paid by an obligor, his or her
license will be suspended


Recovery Account - CORRECT ANSWER - Account to pay otherwise uncollectible court
judgments against licensees who have committed fraud or misrepresentation in a real estate
transaction


real estate broker - CORRECT ANSWER - Person with a real estate license who can
employ someone who holds a salesperson or a broker license


agent - CORRECT ANSWER - Role of a broker to his or her client



branch office - CORRECT ANSWER - Any business location other than the main office



DBA - CORRECT ANSWER - Acronym for a fictitious business name