CA Real Estate Principles Course » 2021 » Section 2 Unit 2 Exam

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Question #1
Amanda helps her neighbor sell his home by assisting with negotiations. She receives no compensation for her assistance. Based on this one transaction, Amanda ______.
A.   Doesn't need a real estate license
B.   Must have a broker license
C.   Must have at least a salesperson license
D.   Must have at least an associate broker license
Question #2
Adam is an unlicensed assistant working with Sarah, a licensed salesperson. The following tasks are on their plates. Which of these actions can only Sarah performed?
A.   Providing factual information about the property
B.   Preparing marketing materials for the property
C.   Placing a for sale sign on a property
D.   Showing the property to prospective buyers
Question #3
Tom is an unlicensed individual helping his sister, Katie, find a new house, in return for a trip to Europe. Which of the following activities can Tom legally perform?
A.   He can purchase a new property for Katie at an auction.
B.   He can search real estate sites and resources to find available homes in the area.
C.   He can receive compensation from Katie for locating a new house.
D.   He can negotiate the sale of her old house.
Question #4
Which of the following statements best describes a real estate partnership?
A.   A team of two individuals who each hold a real estate license.
B.   A brokerage owned by at least two people
C.   A brokerage owned by a single person
D.   An entity owned by one or more parties
Question #5
Amy acts like a salesperson and is supervised by a broker, but she holds her broker’s license. What is her job title?
A.   Broker of record
B.   Salesperson
C.   Confused
D.   Associate broker
Question #6
River is an unlicensed assistant at a brokerage. Which of the following tasks is she permitted to perform for her broker?
A.   Assemble closing documents.
B.   Negotiate on a client's behalf.
C.   Suggest a sale price for a client's listing
D.   Host an open house.
Question #7
What are common ownership structures for real estate brokerages?
A.   Sole proprietorships and partnerships only
B.   Partnerships only
C.   Sole proprietorships only
D.   Sole proprietorships, partnerships, and corporations
Question #8
Which of the following properties is considered a mobile home?
A.   A structure transported in two units and built in 1975 on a permanent chassis
B.   A structure transported in two units and built in 2005 on a permanent foundation
C.   A structure transported in three units and built in 1975 on a permanent foundation
D.   A structure transported in two units and built in 2005 on a permanent chassis

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