real estate principles EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

REAL ESTATE EXAM @x @x




Exam Solution @x




Test 1 Real Estate Principles Multiple Choice 2026 A+
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GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIE @x @x @x @x @x




D ANSWERS (B4C29)
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QUESTION 1 @x




The—-----oversees, regulates, administers, and enforces the real estate law. @x @x @x @x @x @x @x @x




ANSWER

California Department of Real Estate (DRE/CalBRE).
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QUESTION 2 @x




To be eligible for an agent license, the applicant needs to complete mandatory educat
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ion, pass the qualifying exam and:
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ANSWER

Make the application on the proper for prescribed by the CRE/CalBRE .
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QUESTION 3 @x




Brokers and agents are required to complete a minimum of —---
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of continuing education (CE) every four years to renew a license issued by the Califor
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nia Department of Real Estate (DRE/CalBRE).
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ANSWER

45-Hours



QUESTION 4 @x




A fictitious business name license, also known as a—----
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, will be granted to a broker who has complied with the filing requirements.
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ANSWER

,DBA (doing business as)
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QUESTION 5 @x




A—---------
is the sale or lease of the operations and goodwill of an existing business enterprise
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or Opportunity.
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ANSWER

Business Opportunity. @x




QUESTION 6 @x




The —-------- @x



compensates individuals who have obtained a judgment against a licensee and are un
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able to recover the judgment from the licensee.
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ANSWER

Real Estate Recovery Fund.
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QUESTION 7 @x




Agency in real estate related transactions includes relationships between brokers and
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their
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ANSWER

Both A and B. @x @x @x




QUESTION 8 @x




The Agency Law Disclosure needs to be attached to which of the following documents
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and signed by all parties in targeted transactions?
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ANSWER

A purchase agreement.
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QUESTION 9 @x




A (n) -------
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@xexists when an agent has a positive or negative bias toward an opposing party in a t
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ransaction which might hinder their ability to fully represent the needs of their clien
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t

, ANSWER

Conflict of interest. @x @x




QUESTION 10 @x




A broker who simultaneously represents the best interests of opposing parties in a tr
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ansaction is known as a : @x @x @x @x @x




ANSWER

Dual Agent. @x




QUESTION 11 @x




When a dual agency is established in a one-to-
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four unit residential sales transaction, the broker may not:
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ANSWER

Pass on confidential pricing information to the opposing parties.
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QUESTION 12 @x




____________are funds belonging to others which a broker and their agents handle when
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acting in a transaction.
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ANSWER

Trust Funds @x




QUESTION 13 @x




While the federal Civil Rights Act provides general protection against all prohibited d
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iscriminatory activity, the—-------- @x @x



protections are specifically limited to dwellings, including rental housing.
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ANSWER

Federal Fair Housing Act (FFHA)
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QUESTION 14 @x




The restriction of a person seeking to buy or rent housing in a manner that perpetua
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tes segregated housing patterns is referred to as :
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ANSWER