CH. 16 POP QUIZ (RATED 100%
CORRECT).
An unlicensed person sold several properties for a commission and engaged in false advertising while
selling the properties. Who would prosecute this person?
A.Real Estate Commissioner
B.State Attorney General
C.Local district attorney
D.Administrative hearing officer ANS -C.Local district attorney
A person who manages properties for the general public must be a:
A.responsible party over the age of 25
B.member of a local rental listing service
C.licensed real estate broker
D.certified property manager ANS -C.licensed real estate broker
A corporation obtains a corporate brokerage license. The corporation designates one of its officers, who
is licensed as a real estate broker, to serve as broker under the corporate brokerage license. Any officer
of the corporation who does not have a real estate license may do any of the following, except:
A.authorize payment of commissions to real estate licensees working for compensation
B.obtain listings for the corporation
C.sell corporate property if not receiving additional compensation beyond his salary for that action
D.supervise employees of the corporation ANS -B.obtain listings for the corporation
When a real estate licensee employs a non-licensee, the licensee must be careful to make sure that:
,A.activities requiring a real estate license are performed only by the licensee
B.the employee's activities are limited to those permitted by the Real Estate Guide to Non-licensee
Activities
C.the non-licensee only discusses available properties but does not negotiate with parties
D.the non-licensee accepts only advance fees, rather than commissions ANS -A.activities requiring a real
estate license are performed only by the licensee
A California broker closes a transaction that was initially referred to him by an out-of-state broker. The
out-of-state broker asks for a portion of the commission received from the sale. This type of commission
split is:
A.permissible
B.permissible only if the out-of-state broker is also licensed in California
C.permissible only if the out-of-state broker has an office located in California
D.not permitted under state law ANS -A.permissible
A salesperson's contract states that she is an independent contractor. When she obtains a listing, she is:
A.an agent for the buyer
B.an agent for the owner
C.a dual agent for the owner and the buyer
D.None of the above ANS -D.None of the above
(The salesperson's broker is the agent of the owner. The salesperson, in turn, is an agent of the broker.
The fact that the salesperson is an independent contractor does not affect these agency relationships.)
The Department of Real Estate can issue all of the following licenses, except:
A.a corporate broker license
, B.a mortgage loan originator endorsement
C.a partnership endorsement
D.a salesperson license ANS -C.a partnership endorsement
(The Department can issue real estate licenses to corporations, and can offer MLO endorsements to
brokers who engage in mortgage loan brokerage as well. While there is no partnership license, a
partnership may perform acts for which a broker's license would be required, so long as every partner is
a licensed real estate broker.)
Which of the following is exempt from the real estate licensing requirement when acting for
compensation?
A.A duly authorized attorney in fact
B.A real estate assistant who helps negotiate sales terms
C.A person assisting a family member with a transaction
D.The manager of a property management firm ANS -A.A duly authorized attorney in fact
If an unlicensed assistant is preparing advertising materials regarding loan programs, a broker:
A.should write all the materials herself
B.only needs to provide the correct information to the unlicensed assistant
C.needs to read the materials prepared by the unlicensed assistant prior to their publication
D.needs to read and approve in writing the materials prepared by the unlicensed assistant prior to their
publication ANS -D.needs to read and approve in writing the materials prepared by the unlicensed
assistant prior to their publication
A broker pays his son a weekly salary to help him sell homes in a subdivision. The son works out of a
model home, greeting and answering phone calls from potential buyers. He provides price and financing
information, but never creates or signs any documents. Which of the following is true?
A.Since he is working out of a subdivision, the son is exempt from the real estate license requirement
CORRECT).
An unlicensed person sold several properties for a commission and engaged in false advertising while
selling the properties. Who would prosecute this person?
A.Real Estate Commissioner
B.State Attorney General
C.Local district attorney
D.Administrative hearing officer ANS -C.Local district attorney
A person who manages properties for the general public must be a:
A.responsible party over the age of 25
B.member of a local rental listing service
C.licensed real estate broker
D.certified property manager ANS -C.licensed real estate broker
A corporation obtains a corporate brokerage license. The corporation designates one of its officers, who
is licensed as a real estate broker, to serve as broker under the corporate brokerage license. Any officer
of the corporation who does not have a real estate license may do any of the following, except:
A.authorize payment of commissions to real estate licensees working for compensation
B.obtain listings for the corporation
C.sell corporate property if not receiving additional compensation beyond his salary for that action
D.supervise employees of the corporation ANS -B.obtain listings for the corporation
When a real estate licensee employs a non-licensee, the licensee must be careful to make sure that:
,A.activities requiring a real estate license are performed only by the licensee
B.the employee's activities are limited to those permitted by the Real Estate Guide to Non-licensee
Activities
C.the non-licensee only discusses available properties but does not negotiate with parties
D.the non-licensee accepts only advance fees, rather than commissions ANS -A.activities requiring a real
estate license are performed only by the licensee
A California broker closes a transaction that was initially referred to him by an out-of-state broker. The
out-of-state broker asks for a portion of the commission received from the sale. This type of commission
split is:
A.permissible
B.permissible only if the out-of-state broker is also licensed in California
C.permissible only if the out-of-state broker has an office located in California
D.not permitted under state law ANS -A.permissible
A salesperson's contract states that she is an independent contractor. When she obtains a listing, she is:
A.an agent for the buyer
B.an agent for the owner
C.a dual agent for the owner and the buyer
D.None of the above ANS -D.None of the above
(The salesperson's broker is the agent of the owner. The salesperson, in turn, is an agent of the broker.
The fact that the salesperson is an independent contractor does not affect these agency relationships.)
The Department of Real Estate can issue all of the following licenses, except:
A.a corporate broker license
, B.a mortgage loan originator endorsement
C.a partnership endorsement
D.a salesperson license ANS -C.a partnership endorsement
(The Department can issue real estate licenses to corporations, and can offer MLO endorsements to
brokers who engage in mortgage loan brokerage as well. While there is no partnership license, a
partnership may perform acts for which a broker's license would be required, so long as every partner is
a licensed real estate broker.)
Which of the following is exempt from the real estate licensing requirement when acting for
compensation?
A.A duly authorized attorney in fact
B.A real estate assistant who helps negotiate sales terms
C.A person assisting a family member with a transaction
D.The manager of a property management firm ANS -A.A duly authorized attorney in fact
If an unlicensed assistant is preparing advertising materials regarding loan programs, a broker:
A.should write all the materials herself
B.only needs to provide the correct information to the unlicensed assistant
C.needs to read the materials prepared by the unlicensed assistant prior to their publication
D.needs to read and approve in writing the materials prepared by the unlicensed assistant prior to their
publication ANS -D.needs to read and approve in writing the materials prepared by the unlicensed
assistant prior to their publication
A broker pays his son a weekly salary to help him sell homes in a subdivision. The son works out of a
model home, greeting and answering phone calls from potential buyers. He provides price and financing
information, but never creates or signs any documents. Which of the following is true?
A.Since he is working out of a subdivision, the son is exempt from the real estate license requirement
