California Real Estate Principles -
d d d d
dQuestions & CorrectAnswers | Latest Update |Al
d d d d d d d d
ready Graded A+ d d
(1) 1.dThedRealdEstatedLawdisdfounddindthe
a. LicensingdCode
b. BusinessdanddProfessionsdCode
c. HealthdanddSafetydCode
d. CorporationsdCode
➹➹➹:dBusinessdanddProfessionsdCode
(1) 2.dThedRealdEstatedCommissionerdreportsdtodthe
a. CaliforniadBureaudofdRealdEstate
b. governor
c. RealdEstatedAdvisorydCommission
d. legislature
➹➹➹:dgovernor
(1) 3.dSalespersondSamdownsd25%dofdthedoutstandingdsharesdofdRollodRealty,dInc.,dandd
brokerdBarbaradRollodownsdthedremainingdshares.dThisddivisiondofdownershipdis?
1d|dPdadgde
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:dacceptable
(1) 4.dSalespersondSamdisdpartdownerdofdRollodRealty,dInc.dIndthedbroker'sdabsence,dSamdf
requentlydreviewsdthedworkdofdsalesdassociates.dThisdis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:dprohibited
(1) 5.dAdrealdestatedbusinessdthatdisdadpartnershipdcandhavedmoredthandonedofficedl
ocation,dprovided
a. adbrokerdpartnerdobtainsdandadditionaldlicensedfordeachdlocation
b. alldpartnersdaredrealdestatedlicensees
c. theredisdaddesignateddbroker-officer
d. theredisdatdleastdonedpartnerdatdeachdlocation
2d|dPdadgde
,➹➹➹:dadbrokerdpartnerdobtainsdandadditionaldlicensedfordeachdlocation
(1) 6.dThedsaledordtransferdofdgoodsdordinarilydhelddfordsaledindthedcoursedofdbusinessdisdg
overneddindCaliforniadbydthe?
a. BusinessdOpportunitydCode
b. CommercialdTransferdLaw
c. UniformdCommercialdCode
d. RealdEstatedLaw
➹➹➹:dUniformdCommercialdCode
(1) 7.dTodd,dandofficerdofdAjaxdCorporationdanddnotdadrealdestatedlicensee,dsuccessfullyd
negotiateddthedpurchasedofdthedSmithdWidgetdPlantdondbehalfdofdAjax.dTodddreceiveddadc
ommissiondondthedsaledindadditiondtodhisdnormaldsalary.dTodd
a. diddnotdneeddadrealdestatedlicensedfordtheddeal
b. shoulddhavedhaddadrealdestatedlicense
c. isdexemptdfromdlicensingdrequirements
d. Nonedofdthese
➹➹➹:dshoulddhavedhaddadrealdestatedlicense
(1) 8.dIfdadrealdestatedlicensedisdNOTdreneweddbeforeditdexpires,dthedlicensee?
3d|dPdadgde
, a. isdalloweddtodcompletedtransactionsdindprogress
b. isdalloweddtodfinishdtransactionsdthatdaredsubstantiallydcomplete
c. mustdceasedalldrealdestatedactivities
d. maydactdunderdauthoritydofdanotherdagent'sdlicensedfordadperioddnotdtodexceedd60ddays
➹➹➹:dmustdceasedalldrealdestatedactivities
(1) 9.dAdrealdestatedlicenseedcandofferdadmobiledhomedfordsaledthatdis?
a. indadmanufacturingdplant,dreadydforddelivery
b. transportabledunderdandexemptiondfromdthedvehicledcode
c. presold
d. indadlocationdwhereditdcandlegallydremaindfordonedyear
➹➹➹:dindadlocationdwhereditdcandlegallydremaindfordonedyear
(1) 10.dThedBrownsddesperatelydwantdtodmovedtodPinedBend,danddtheydlikedthedSmithdHo
use,dwhichdisdlisteddbydbrokerdBob.dThedBrownsdtelldBobdtheydwilldmakeditdworthdhisdwhile
ifdhedcandpersuadedthedSmith'sdtodacceptdthedBrowndofferdondtheirdhouse,danddthedBrown
d
sdsenddandexpensivedfooddbasketdtodBobdasdadsigndofdtheirdgooddfaith.dBobdneglectsdtodm
entiondthisdtodthedSmiths.dThisdpracticedis
a. acceptable
b. mandated
c. discouraged
4d|dPdadgde
d d d d
dQuestions & CorrectAnswers | Latest Update |Al
d d d d d d d d
ready Graded A+ d d
(1) 1.dThedRealdEstatedLawdisdfounddindthe
a. LicensingdCode
b. BusinessdanddProfessionsdCode
c. HealthdanddSafetydCode
d. CorporationsdCode
➹➹➹:dBusinessdanddProfessionsdCode
(1) 2.dThedRealdEstatedCommissionerdreportsdtodthe
a. CaliforniadBureaudofdRealdEstate
b. governor
c. RealdEstatedAdvisorydCommission
d. legislature
➹➹➹:dgovernor
(1) 3.dSalespersondSamdownsd25%dofdthedoutstandingdsharesdofdRollodRealty,dInc.,dandd
brokerdBarbaradRollodownsdthedremainingdshares.dThisddivisiondofdownershipdis?
1d|dPdadgde
,a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:dacceptable
(1) 4.dSalespersondSamdisdpartdownerdofdRollodRealty,dInc.dIndthedbroker'sdabsence,dSamdf
requentlydreviewsdthedworkdofdsalesdassociates.dThisdis?
a. acceptable
b. mandated
c. discouraged
d. prohibited
➹➹➹:dprohibited
(1) 5.dAdrealdestatedbusinessdthatdisdadpartnershipdcandhavedmoredthandonedofficedl
ocation,dprovided
a. adbrokerdpartnerdobtainsdandadditionaldlicensedfordeachdlocation
b. alldpartnersdaredrealdestatedlicensees
c. theredisdaddesignateddbroker-officer
d. theredisdatdleastdonedpartnerdatdeachdlocation
2d|dPdadgde
,➹➹➹:dadbrokerdpartnerdobtainsdandadditionaldlicensedfordeachdlocation
(1) 6.dThedsaledordtransferdofdgoodsdordinarilydhelddfordsaledindthedcoursedofdbusinessdisdg
overneddindCaliforniadbydthe?
a. BusinessdOpportunitydCode
b. CommercialdTransferdLaw
c. UniformdCommercialdCode
d. RealdEstatedLaw
➹➹➹:dUniformdCommercialdCode
(1) 7.dTodd,dandofficerdofdAjaxdCorporationdanddnotdadrealdestatedlicensee,dsuccessfullyd
negotiateddthedpurchasedofdthedSmithdWidgetdPlantdondbehalfdofdAjax.dTodddreceiveddadc
ommissiondondthedsaledindadditiondtodhisdnormaldsalary.dTodd
a. diddnotdneeddadrealdestatedlicensedfordtheddeal
b. shoulddhavedhaddadrealdestatedlicense
c. isdexemptdfromdlicensingdrequirements
d. Nonedofdthese
➹➹➹:dshoulddhavedhaddadrealdestatedlicense
(1) 8.dIfdadrealdestatedlicensedisdNOTdreneweddbeforeditdexpires,dthedlicensee?
3d|dPdadgde
, a. isdalloweddtodcompletedtransactionsdindprogress
b. isdalloweddtodfinishdtransactionsdthatdaredsubstantiallydcomplete
c. mustdceasedalldrealdestatedactivities
d. maydactdunderdauthoritydofdanotherdagent'sdlicensedfordadperioddnotdtodexceedd60ddays
➹➹➹:dmustdceasedalldrealdestatedactivities
(1) 9.dAdrealdestatedlicenseedcandofferdadmobiledhomedfordsaledthatdis?
a. indadmanufacturingdplant,dreadydforddelivery
b. transportabledunderdandexemptiondfromdthedvehicledcode
c. presold
d. indadlocationdwhereditdcandlegallydremaindfordonedyear
➹➹➹:dindadlocationdwhereditdcandlegallydremaindfordonedyear
(1) 10.dThedBrownsddesperatelydwantdtodmovedtodPinedBend,danddtheydlikedthedSmithdHo
use,dwhichdisdlisteddbydbrokerdBob.dThedBrownsdtelldBobdtheydwilldmakeditdworthdhisdwhile
ifdhedcandpersuadedthedSmith'sdtodacceptdthedBrowndofferdondtheirdhouse,danddthedBrown
d
sdsenddandexpensivedfooddbasketdtodBobdasdadsigndofdtheirdgooddfaith.dBobdneglectsdtodm
entiondthisdtodthedSmiths.dThisdpracticedis
a. acceptable
b. mandated
c. discouraged
4d|dPdadgde
