ACEABLE AGENT EXAM 2026 COMPLETE
QUESTIONS WITH COMPLETE
SOLUTIONS
◉ The Real Estate Commissioner reports to
| | | | |
a. the California Bureau of Real Estate.
| | | | |
b. the governor. |
c. the Department of Housing and Urban Development.
| | | | | |
d. the legislature.Answer: B. the governor
| | | | |
◉ Asalesperson 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. Answer: 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.
d. prohibited.Answer: D. Prohibited | | |
◉ Areal 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.Answer:A.Abroker
| | | | | | | | | | | |
partner obtains an additional license for each location.
| | | | | | | |
◉ The sale or transfer of goods ordinarily held for sale in the course of
| | | | | | | | | | | | |
business is governed in California by
| | | | | |
a. the Business Opportunity Code.
| | |
b. the Commercial Transfer Law.
| | |
c. the Uniform Commercial Code.
| | |
d. theReal Estate Law.Answer: 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.Answer: 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.
| | | | | | | |
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. Answer: C. Must cease all real estate activities
| | | | | | | | | | |
◉ Areal 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 theVehicle Code. | | | | | | |
c. presold.
d. in a location where it can legally remain for one year.Answer: D. In a
| | | | | | | | | | | | | |
location where it can legally remain for one year.
| | | | | | | | |
◉ 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.Answer: D. Prohibited. | | |
◉ Abroker routinely places earnest money deposits in his personal
| | | | | | | | |
account for overnight safekeeping. This practice is
| | | | | | |
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.Answer: D. Prohibited | | |
◉ Abroker 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.Answer: 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
| |
QUESTIONS WITH COMPLETE
SOLUTIONS
◉ The Real Estate Commissioner reports to
| | | | |
a. the California Bureau of Real Estate.
| | | | |
b. the governor. |
c. the Department of Housing and Urban Development.
| | | | | |
d. the legislature.Answer: B. the governor
| | | | |
◉ Asalesperson 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. Answer: 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.
d. prohibited.Answer: D. Prohibited | | |
◉ Areal 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.Answer:A.Abroker
| | | | | | | | | | | |
partner obtains an additional license for each location.
| | | | | | | |
◉ The sale or transfer of goods ordinarily held for sale in the course of
| | | | | | | | | | | | |
business is governed in California by
| | | | | |
a. the Business Opportunity Code.
| | |
b. the Commercial Transfer Law.
| | |
c. the Uniform Commercial Code.
| | |
d. theReal Estate Law.Answer: 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.Answer: 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.
| | | | | | | |
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. Answer: C. Must cease all real estate activities
| | | | | | | | | | |
◉ Areal 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 theVehicle Code. | | | | | | |
c. presold.
d. in a location where it can legally remain for one year.Answer: D. In a
| | | | | | | | | | | | | |
location where it can legally remain for one year.
| | | | | | | | |
◉ 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.Answer: D. Prohibited. | | |
◉ Abroker routinely places earnest money deposits in his personal
| | | | | | | | |
account for overnight safekeeping. This practice is
| | | | | | |
a. acceptable.
b. mandated.
c. discouraged.
d. prohibited.Answer: D. Prohibited | | |
◉ Abroker 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.Answer: 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
| |
