Aceable Agent Questions with CORRECT
Answers (Grade A+)
Question:
The Real Estate Law is found in B. Business and Professions Code | The Licensing Code | The
Business and Professions Code | The Health and Safety Code | The Corporations Code
Answer:
The Real Estate Commissioner B. the governor reports to | the California Bureau of Real
Estate. | the governor. | the Department of Housing and Urban Development. | the legislature.
Question:
acceptable.
Answer:
mandated.
Question:
discouraged.
Answer:
prohibited.
Question:
A. Acceptable
Answer:
acceptable.
Question:
mandated.
Answer:
,discouraged.
Question:
prohibited.
Answer:
D. Prohibited
Question:
A real estate business that is a
Answer:
partnership can have more than one office location, provided
Question:
a broker partner obtains an
Answer:
additional license for each location.
Question:
all partners are real estate licensees.
Answer:
there is a designated broker-officer.
Question:
there is at least one partner at each location.
Answer:
A. A broker partner obtains an additional license for each location.
, Question:
The sale or transfer of goods C. The Uniform Commercial Code ordinarily held for sale in the
course | of business is governed in California by | the Business Opportunity Code. | the
Commercial Transfer Law. | the Uniform Commercial Code. | the Real Estate Law.
Answer:
An officer of Ajax Corporation, who B. Should have had a real estate license. 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. | did not need a real estate license for the deal. | should have had a real
estate license. | is exempt from licensing requirements. | None of these
Question:
If a real estate license is NOT C. Must cease all real estate activities renewed before it
expires, the | licensee | is allowed to complete transactions in progress. | is allowed to finish
transactions that are substantially complete. | must cease all real estate activities. | may act
under authority of another agent's license for a period not to exceed 60 days.
Answer:
A real estate licensee can offer a D. In a location where it can legally remain for one mobile
home for sale that is year. | in a manufacturing plant, ready for delivery. | transportable
under an exemption from the Vehicle Code. | presold. | in a location where it can legally
remain for one year.
A couple desperately wants to move to Pine Bend, and they like the
accept their offer, and they send an expensive food basket to the broker as a sign of their
good faith. The
acceptable.
mandated.
discouraged.
prohibited.
D. Prohibited.
A broker routinely places earnest money deposits in his personal
account for overnight safekeeping.
This practice is
acceptable.
mandated.
discouraged.
prohibited.
D. Prohibited
A broker has an exclusive listing agreement with a property owner. The listing will terminate
"when the parties agree." This practice is
Answers (Grade A+)
Question:
The Real Estate Law is found in B. Business and Professions Code | The Licensing Code | The
Business and Professions Code | The Health and Safety Code | The Corporations Code
Answer:
The Real Estate Commissioner B. the governor reports to | the California Bureau of Real
Estate. | the governor. | the Department of Housing and Urban Development. | the legislature.
Question:
acceptable.
Answer:
mandated.
Question:
discouraged.
Answer:
prohibited.
Question:
A. Acceptable
Answer:
acceptable.
Question:
mandated.
Answer:
,discouraged.
Question:
prohibited.
Answer:
D. Prohibited
Question:
A real estate business that is a
Answer:
partnership can have more than one office location, provided
Question:
a broker partner obtains an
Answer:
additional license for each location.
Question:
all partners are real estate licensees.
Answer:
there is a designated broker-officer.
Question:
there is at least one partner at each location.
Answer:
A. A broker partner obtains an additional license for each location.
, Question:
The sale or transfer of goods C. The Uniform Commercial Code ordinarily held for sale in the
course | of business is governed in California by | the Business Opportunity Code. | the
Commercial Transfer Law. | the Uniform Commercial Code. | the Real Estate Law.
Answer:
An officer of Ajax Corporation, who B. Should have had a real estate license. 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. | did not need a real estate license for the deal. | should have had a real
estate license. | is exempt from licensing requirements. | None of these
Question:
If a real estate license is NOT C. Must cease all real estate activities renewed before it
expires, the | licensee | is allowed to complete transactions in progress. | is allowed to finish
transactions that are substantially complete. | must cease all real estate activities. | may act
under authority of another agent's license for a period not to exceed 60 days.
Answer:
A real estate licensee can offer a D. In a location where it can legally remain for one mobile
home for sale that is year. | in a manufacturing plant, ready for delivery. | transportable
under an exemption from the Vehicle Code. | presold. | in a location where it can legally
remain for one year.
A couple desperately wants to move to Pine Bend, and they like the
accept their offer, and they send an expensive food basket to the broker as a sign of their
good faith. The
acceptable.
mandated.
discouraged.
prohibited.
D. Prohibited.
A broker routinely places earnest money deposits in his personal
account for overnight safekeeping.
This practice is
acceptable.
mandated.
discouraged.
prohibited.
D. Prohibited
A broker has an exclusive listing agreement with a property owner. The listing will terminate
"when the parties agree." This practice is
