CA State Exam Book Practice
Questions And Answers
Which of the following would NOT be considered a capable party
under California law?
A. An incarcerated person
B. A sixteen-year-old
C. A person who has been appointed a conservator because of
intellectual disabilities
D. All if the above -
correct answer ✅D. All of the above
Under California law, in order to be considered a capable party to a
contract, a person needs to be all the following: of sound mind, in
possession of their civil rights (a person who was incarcerated
would not qualify), and at least eighteen years of age.
A written employment contract between a client and a licensed real
estate broker is known as a/an:
A. Deed-in-lieu of foreclosure
B. Listing agreement
C. Retail agreement
D. Notice of sale -
correct answer ✅B. Listing Agreement
,CA State Exam Book Practice
Questions And Answers
When a real estate broker agrees to represent a client who is
buying or selling property, their written employment contract is
known as a listing agreement.
A contract in which both parties have performed the duties that
they promised to do is referred to as a/an:
A. Voided contract
B. Unilateral contract
C. Time-essence provision
D. Executed contract -
correct answer ✅D. Executed contract
A contract that has been agreed upon and fulfilled is known as an
executed contract.
When a broker receives the sole right to represent a homeowner
who is listing his property for sale, it is known as a/an:
A. Exclusive listing
B. Open listing
C. Revocation
,CA State Exam Book Practice
Questions And Answers
D. Rescission -
correct answer ✅A. Exclusive listing
A listing in which a broker receives the sole right to represent the
seller and sell the property. If another agent locates a buyer, the
two agents will split the commission.
Megan listed her farm with a realtor and signed an exclusive agency
agreement. The agent did not find a buyer for the farm, but Megan
ultimately found a buyer herself. What does this mean for the
realtor?
A. The agent receives half of the agreed upon commission
B. The agent receives on-fourth of the agree upon commission
C. The agent does not receive a commission
D. The agent receives the full commission -
correct answer ✅C. The agent does not receive a commission
In an exclusive agency agreement, the broker does not earn a fee
when the client, acting independently of the client's broker and any
other broker, sells the listed property or locates a buyer.
, CA State Exam Book Practice
Questions And Answers
What are the steps involved in forming mutual consent?
A. The first party makes an offer to the second party
B. The second party accepts the offer without qualifications
C. The second party communicated their acceptance to the first
party
D. All of the above -
correct answer ✅D. All of the above
In real estate transactions, mutual consent is formed in three steps.
These are: the first party makes an offer to the second party, such
as a buyer offering to purchase a seller's property; the second party
accepts the offer without qualification; and the second party
communicates their acceptance to the first party.
Sasha Negotiates a purchase agreement with a seller to buy the
seller's house, but shortly before they are to close, the seller
changes her mind and decides to keep the house. Sasha takes the
seller to court and gets an order of special performance, which
means:
A. The court orders the house to be given to Sasha at no cost
B. " " that the house be sold at auction
C. " " the seller to sell the house to Sasha
Questions And Answers
Which of the following would NOT be considered a capable party
under California law?
A. An incarcerated person
B. A sixteen-year-old
C. A person who has been appointed a conservator because of
intellectual disabilities
D. All if the above -
correct answer ✅D. All of the above
Under California law, in order to be considered a capable party to a
contract, a person needs to be all the following: of sound mind, in
possession of their civil rights (a person who was incarcerated
would not qualify), and at least eighteen years of age.
A written employment contract between a client and a licensed real
estate broker is known as a/an:
A. Deed-in-lieu of foreclosure
B. Listing agreement
C. Retail agreement
D. Notice of sale -
correct answer ✅B. Listing Agreement
,CA State Exam Book Practice
Questions And Answers
When a real estate broker agrees to represent a client who is
buying or selling property, their written employment contract is
known as a listing agreement.
A contract in which both parties have performed the duties that
they promised to do is referred to as a/an:
A. Voided contract
B. Unilateral contract
C. Time-essence provision
D. Executed contract -
correct answer ✅D. Executed contract
A contract that has been agreed upon and fulfilled is known as an
executed contract.
When a broker receives the sole right to represent a homeowner
who is listing his property for sale, it is known as a/an:
A. Exclusive listing
B. Open listing
C. Revocation
,CA State Exam Book Practice
Questions And Answers
D. Rescission -
correct answer ✅A. Exclusive listing
A listing in which a broker receives the sole right to represent the
seller and sell the property. If another agent locates a buyer, the
two agents will split the commission.
Megan listed her farm with a realtor and signed an exclusive agency
agreement. The agent did not find a buyer for the farm, but Megan
ultimately found a buyer herself. What does this mean for the
realtor?
A. The agent receives half of the agreed upon commission
B. The agent receives on-fourth of the agree upon commission
C. The agent does not receive a commission
D. The agent receives the full commission -
correct answer ✅C. The agent does not receive a commission
In an exclusive agency agreement, the broker does not earn a fee
when the client, acting independently of the client's broker and any
other broker, sells the listed property or locates a buyer.
, CA State Exam Book Practice
Questions And Answers
What are the steps involved in forming mutual consent?
A. The first party makes an offer to the second party
B. The second party accepts the offer without qualifications
C. The second party communicated their acceptance to the first
party
D. All of the above -
correct answer ✅D. All of the above
In real estate transactions, mutual consent is formed in three steps.
These are: the first party makes an offer to the second party, such
as a buyer offering to purchase a seller's property; the second party
accepts the offer without qualification; and the second party
communicates their acceptance to the first party.
Sasha Negotiates a purchase agreement with a seller to buy the
seller's house, but shortly before they are to close, the seller
changes her mind and decides to keep the house. Sasha takes the
seller to court and gets an order of special performance, which
means:
A. The court orders the house to be given to Sasha at no cost
B. " " that the house be sold at auction
C. " " the seller to sell the house to Sasha
