Real Aspects of Real Estate: Chapter 15.
Licensing and Regulations #2 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 1. Making a substantial misrepresentation by knowingly
or negligently making a false statement of fact or failing to disclose a material fact.
2. Making any false promise designed to persuade, induce, or influence someone to do or not to
do something.
3. Engaging in a continued and flagrant cause of misrepresentation of false promise.
4. Acting for more than one party in a transaction without the knowledge and written consent of
all parties - undisclosed dual agent.
5. Commingling personal money and/or property with the money or property being held on
behalf of a client.
6. Failing to specify a definite termination date on an exclusive listing or any other agreement
which requires such a date.
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 7. Accepting a secret profit or undisclosed compensation
on a real estate transaction.
8. Combining a listing with the option to purchase without disclosing the licensee's potential
profits and obtaining the owner's written consent for the amount of profit.
9. Acting in any matter that constitutes fraudulent or dishonest dealing.
10. Obtaining the signature of a prospective purchaser of a business opportunity without first
obtaining the written authorization of the owner.
11. Failing to disburse funds in accordance with the commitment to make a mortgage loan that is
accepted by the applicant when the real estate broker represents to the applicant that the broker is
either the lender or authorized by the lender to issue the commitment.
12. Intentionally delaying the closing of a mortgage loan for the sole purpose of increasing
interest, costs, fees, or charges payable by the borrower.
, The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 13. Failing to comply with a law that requires a real
property transfer disclosure statement in certain real estate transactions.
14. Procuring or attempting to procure a real estate license, license renewal, a reinstatement by
fraud, misrepresentation, or deceit, or by making a material misstatement of fact in an
application.
15. Entering a plea of guilty or nolo contendere to, or being found guilty of a convinced of a
felony, or a crime substantially related to the qualifications, functions, or duties of a real estate
licensee and the time for appeal has passed.
16. Knowingly aiding in the publication or circulation of a material false statement or
representation regarding the licensee's education, credentials, or business, or concerning a
business opportunity, land or subdivision.
17. Willfully disregarding or violating the real estate law.
18. Willfully using the term "REALTOR" or a trade name or insignia of membership in a real
estate organization to which the licensee does not belong.
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 19. Having a real estate license denied, revoked, or
suspended in another state for something that would be grounds for denial, revocation, or
suspension in California.
20. Demonstrating negligence or incompetence in performing an act for which a license is
required.
21. As a broker, failing to exercise reasonable supervision over the activities of affiliated
salespersons.
22. Using government employment to access and violate the confidentiality of government
records.
23. Engaging in any other conduct that constitutes fraud or dishonest dealing.
24. Violating any term of a restricted license.
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 25. Inducing the listing or sale of residential property
Licensing and Regulations #2 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 1. Making a substantial misrepresentation by knowingly
or negligently making a false statement of fact or failing to disclose a material fact.
2. Making any false promise designed to persuade, induce, or influence someone to do or not to
do something.
3. Engaging in a continued and flagrant cause of misrepresentation of false promise.
4. Acting for more than one party in a transaction without the knowledge and written consent of
all parties - undisclosed dual agent.
5. Commingling personal money and/or property with the money or property being held on
behalf of a client.
6. Failing to specify a definite termination date on an exclusive listing or any other agreement
which requires such a date.
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 7. Accepting a secret profit or undisclosed compensation
on a real estate transaction.
8. Combining a listing with the option to purchase without disclosing the licensee's potential
profits and obtaining the owner's written consent for the amount of profit.
9. Acting in any matter that constitutes fraudulent or dishonest dealing.
10. Obtaining the signature of a prospective purchaser of a business opportunity without first
obtaining the written authorization of the owner.
11. Failing to disburse funds in accordance with the commitment to make a mortgage loan that is
accepted by the applicant when the real estate broker represents to the applicant that the broker is
either the lender or authorized by the lender to issue the commitment.
12. Intentionally delaying the closing of a mortgage loan for the sole purpose of increasing
interest, costs, fees, or charges payable by the borrower.
, The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 13. Failing to comply with a law that requires a real
property transfer disclosure statement in certain real estate transactions.
14. Procuring or attempting to procure a real estate license, license renewal, a reinstatement by
fraud, misrepresentation, or deceit, or by making a material misstatement of fact in an
application.
15. Entering a plea of guilty or nolo contendere to, or being found guilty of a convinced of a
felony, or a crime substantially related to the qualifications, functions, or duties of a real estate
licensee and the time for appeal has passed.
16. Knowingly aiding in the publication or circulation of a material false statement or
representation regarding the licensee's education, credentials, or business, or concerning a
business opportunity, land or subdivision.
17. Willfully disregarding or violating the real estate law.
18. Willfully using the term "REALTOR" or a trade name or insignia of membership in a real
estate organization to which the licensee does not belong.
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 19. Having a real estate license denied, revoked, or
suspended in another state for something that would be grounds for denial, revocation, or
suspension in California.
20. Demonstrating negligence or incompetence in performing an act for which a license is
required.
21. As a broker, failing to exercise reasonable supervision over the activities of affiliated
salespersons.
22. Using government employment to access and violate the confidentiality of government
records.
23. Engaging in any other conduct that constitutes fraud or dishonest dealing.
24. Violating any term of a restricted license.
The Commissioner may temporarily suspend or permanently revoke a real estate license at any
time where the licensee has been guilty of the following actions while performing real estate
tasks: - CORRECT ANSWER - 25. Inducing the listing or sale of residential property
