Question 1

Which of the following needs a real estate license?

Accepted Answer

A)  a person selling their own home 
B)  a person managing their own rental 
C)  a full service property manager 
D)  none of the above need a real estate license 
A)  a person selling their own home 
B)  a person managing their own rental 
C)  a full service property manager 
D)  none of the above need a real estate license C

Question 2

A passing score on the real estate broker's examination is:

Accepted Answer

A)  55% 
B)  60% 
C)  70% 
D)  75% 
A)  55% 
B)  60% 
C)  70% 
D)  75% D

Question 3

Which of the following is correct?

Accepted Answer

A)  a real estate salesperson and a broker may form a partnership to run a real estate brokerage business 
B)  the fine for paying a commission to an unlicensed person is $5,000 
C)  appraisers need a real estate license 
D)  the Real Estate Commissioner is appointed by the legislature 
A)  a real estate salesperson and a broker may form a partnership to run a real estate brokerage business 
B)  the fine for paying a commission to an unlicensed person is $5,000 
C)  appraisers need a real estate license 
D)  the Real Estate Commissioner is appointed by the legislature A

Question 4

In California, the majority of the laws that regulate the real estate industry originate from:

Accepted Answer

A)  Commissioner's Code of Ethics 
B)  legislation passed by the California Legislature 
C)  the Treaty of Guadalupe Hidalgo 
D)  the Business and Professions Code 
A)  Commissioner's Code of Ethics 
B)  legislation passed by the California Legislature 
C)  the Treaty of Guadalupe Hidalgo 
D)  the Business and Professions Code

Question 5

A one story house with a low pitched roof and sprawling floor plan is

Accepted Answer

A)  California bungalow 
B)  Monterey 
C)  Cape Cod 
D)  California Ranch 
A)  California bungalow 
B)  Monterey 
C)  Cape Cod 
D)  California Ranch

Question 6

The California Association of Realtors is a professional real estate organization. The major purposes of this association include:

Accepted Answer

A)  promotion of high standards among members 
B)  safeguarding the real estate-buying public 
C)  fostering of legislation for the benefit and protection of California real estate 
D)  all of the above 
A)  promotion of high standards among members 
B)  safeguarding the real estate-buying public 
C)  fostering of legislation for the benefit and protection of California real estate 
D)  all of the above

Question 7

A real estate broker's license enables a person to handle the sale of:

Accepted Answer

A)  registered mobile homes 
B)  business opportunities 
C)  trust deeds 
D)  all of these 
A)  registered mobile homes 
B)  business opportunities 
C)  trust deeds 
D)  all of these

Question 8

In order to get a real estate broker's license, an applicant must fulfill which of the following requirements?

Accepted Answer

A)  complete 8 statutory courses designated by law 
B)  pass a 150-question examination 
C)  live in the State of California 
D)  get at least a grade of 70% on the exam 
A)  complete 8 statutory courses designated by law 
B)  pass a 150-question examination 
C)  live in the State of California 
D)  get at least a grade of 70% on the exam

Question 9

To obtain a real estate sales license, an applicant must pass approved college-level courses in:

Accepted Answer

A)  business ethics 
B)  psychology 
C)  real estate principles, practice, and one other DRE approved course 
D)  sales skills 
A)  business ethics 
B)  psychology 
C)  real estate principles, practice, and one other DRE approved course 
D)  sales skills

Question 10

A statement that shows the financial position of a business as of a certain date is called:

Accepted Answer

A)  profit and loss 
B)  Schedule E 
C)  balance sheet 
D)  Schedule C 
A)  profit and loss 
B)  Schedule E 
C)  balance sheet 
D)  Schedule C

Question 11

The trade name Realtist designates a member of the:

Accepted Answer

A)  National Association of Realtors 
B)  Consolidated Brokers of America 
C)  National Association of Real Estate Professionals 
D)  National Association of Real Estate Brokers 
A)  National Association of Realtors 
B)  Consolidated Brokers of America 
C)  National Association of Real Estate Professionals 
D)  National Association of Real Estate Brokers

Question 12

Once an individual has been licensed by the Department of Real Estate, which of the following is considered a violation of law and/or regulation and may result in suspension or revocation of the license?

Accepted Answer

A)  false promise 
B)  commingling of funds 
C)  secret profits 
D)  all of the above 
A)  false promise 
B)  commingling of funds 
C)  secret profits 
D)  all of the above

Question 13

The fine for an unlicensed person who receives an illegal commission is:

Accepted Answer

A)  $100 
B)  $1,000 
C)  $20,000 
D)  $50,000 
A)  $100 
B)  $1,000 
C)  $20,000 
D)  $50,000

Question 14

A real estate licensee can sell used mobile homes provided the mobile homes have been registered with the:

Accepted Answer

A)  Department of Housing and Community Development 
B)  Federal Housing Administration 
C)  Department of Veterans Affairs 
D)  Department of Real Estate 
A)  Department of Housing and Community Development 
B)  Federal Housing Administration 
C)  Department of Veterans Affairs 
D)  Department of Real Estate

Question 15

Under certain conditions, a corporation can be licensed as a real estate broker. Which of the following is one of those conditions?

Accepted Answer

A)  the corporation must have an office in California 
B)  declared dividends are used to pay sales commissions 
C)  chairman of the board must have a real estate salesperson's license 
D)  a principal officer of the corporation must be licensed as a broker 
A)  the corporation must have an office in California 
B)  declared dividends are used to pay sales commissions 
C)  chairman of the board must have a real estate salesperson's license 
D)  a principal officer of the corporation must be licensed as a broker

Question 16

In order to protect a building from seepage of water to the inside, around chimneys, and in the valley of the roof, builders use what is known as:

Accepted Answer

A)  flashing 
B)  matting 
C)  drain pipe 
D)  curbing 
A)  flashing 
B)  matting 
C)  drain pipe 
D)  curbing

Question 17

Which of the following regarding mobile homes is true?

Accepted Answer

A)  interest rates on loans are usually lower than on conventional homes 
B)  they usually depreciate more rapidly than a conventional home 
C)  they cannot be financed using FHA, VA, or Cal-Vet programs 
D)  in most cities, they are allowed to be placed in any residential area 
A)  interest rates on loans are usually lower than on conventional homes 
B)  they usually depreciate more rapidly than a conventional home 
C)  they cannot be financed using FHA, VA, or Cal-Vet programs 
D)  in most cities, they are allowed to be placed in any residential area

Question 18

A passing score on the real estate salesperson's examination is:

Accepted Answer

A)  50% 
B)  70% 
C)  75% 
D)  80% 
A)  50% 
B)  70% 
C)  75% 
D)  80%

Question 19

In a business opportunity sale, the payment for continued patronage is called:

Accepted Answer

A)  bulk sale 
B)  goodwill 
C)  blue sky 
D)  net worth 
A)  bulk sale 
B)  goodwill 
C)  blue sky 
D)  net worth

Question 20

One advantage a two-story home has over a one-story home is:

Accepted Answer

A)  usually less cost per square foot to build 
B)  ease of access to the roof 
C)  convenient floor plan for disabled people 
D)  easier to maintain 
A)  usually less cost per square foot to build 
B)  ease of access to the roof 
C)  convenient floor plan for disabled people 
D)  easier to maintain

Which of the following needs a real estate license?

A passing score on the real estate broker's examination is:

Which of the following is correct?

In California, the majority of the laws that regulate the real estate industry originate from:

A one story house with a low pitched roof and sprawling floor plan is

The California Association of Realtors is a professional real estate organization. The major purposes of this association include:

A real estate broker's license enables a person to handle the sale of:

In order to get a real estate broker's license, an applicant must fulfill which of the following requirements?

To obtain a real estate sales license, an applicant must pass approved college-level courses in:

A statement that shows the financial position of a business as of a certain date is called:

The trade name Realtist designates a member of the:

Once an individual has been licensed by the Department of Real Estate, which of the following is considered a violation of law and/or regulation and may result in suspension or revocation of the license?

The fine for an unlicensed person who receives an illegal commission is:

A real estate licensee can sell used mobile homes provided the mobile homes have been registered with the:

Under certain conditions, a corporation can be licensed as a real estate broker. Which of the following is one of those conditions?

In order to protect a building from seepage of water to the inside, around chimneys, and in the valley of the roof, builders use what is known as:

Which of the following regarding mobile homes is true?

A passing score on the real estate salesperson's examination is:

In a business opportunity sale, the payment for continued patronage is called:

One advantage a two-story home has over a one-story home is:

Introduction to Real Estate

Part I: Legal Description, Method of Acquiring Title , and Deeds

Encumbrances, Liens, and Homesteads

Real Estate Agency

Real Estate Contracts and Mandated Disclosures

Practical Real Estate Mathematics

Introduction to Real Estate Finance

Part I: Real Estate Lenders

Real Estate Appraisal

The Role of Escrow and Title Insurance Companies

Landlord and Tenant Relations

Land-Use Planning, Subdivisions, Fair Housing, and Other Public Controls

Introduction to Taxation

Single-Family Homes and Mobile Homes

Filters

Exam 15: A Career in Real Estate

Which of the following needs a real estate license?

A passing score on the real estate broker's examination is:

Which of the following is correct?

In California, the majority of the laws that regulate the real estate industry originate from:

A one story house with a low pitched roof and sprawling floor plan is

The California Association of Realtors is a professional real estate organization. The major purposes of this association include:

A real estate broker's license enables a person to handle the sale of:

In order to get a real estate broker's license, an applicant must fulfill which of the following requirements?

To obtain a real estate sales license, an applicant must pass approved college-level courses in:

A statement that shows the financial position of a business as of a certain date is called:

The trade name Realtist designates a member of the:

Once an individual has been licensed by the Department of Real Estate, which of the following is considered a violation of law and/or regulation and may result in suspension or revocation of the license?

The fine for an unlicensed person who receives an illegal commission is:

A real estate licensee can sell used mobile homes provided the mobile homes have been registered with the:

Under certain conditions, a corporation can be licensed as a real estate broker. Which of the following is one of those conditions?

In order to protect a building from seepage of water to the inside, around chimneys, and in the valley of the roof, builders use what is known as:

Which of the following regarding mobile homes is true?

A passing score on the real estate salesperson's examination is:

In a business opportunity sale, the payment for continued patronage is called:

One advantage a two-story home has over a one-story home is:

Introduction to Real Estate

Part I: Legal Description, Method of Acquiring Title , and Deeds

Encumbrances, Liens, and Homesteads

Real Estate Agency

Real Estate Contracts and Mandated Disclosures

Practical Real Estate Mathematics

Introduction to Real Estate Finance

Part I: Real Estate Lenders

Real Estate Appraisal

The Role of Escrow and Title Insurance Companies

Landlord and Tenant Relations

Land-Use Planning, Subdivisions, Fair Housing, and Other Public Controls

Introduction to Taxation

Single-Family Homes and Mobile Homes

Filters