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.   Must have at least a salesperson license
B.   Must have at least an associate broker license
C.   Must have a broker license
D.   Doesn't need a real estate 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.   Preparing marketing materials for the property
B.   Showing the property to prospective buyers
C.   Placing a for sale sign on a property
D.   Providing factual information about the property
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 receive compensation from Katie for locating a new house.
B.   He can negotiate the sale of her old house.
C.   He can purchase a new property for Katie at an auction.
D.   He can search real estate sites and resources to find available homes in the area.
Question #4
Which of the following statements best describes a real estate partnership?
A.   An entity owned by one or more parties
B.   A brokerage owned by a single person
C.   A brokerage owned by at least two people
D.   A team of two individuals who each hold a real estate license.
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.   Confused
B.   Broker of record
C.   Salesperson
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.   Host an open house.
B.   Suggest a sale price for a client's listing
C.   Negotiate on a client's behalf.
D.   Assemble closing documents.
Question #7
What are common ownership structures for real estate brokerages?
A.   Sole proprietorships and partnerships only
B.   Sole proprietorships, partnerships, and corporations
C.   Partnerships only
D.   Sole proprietorships only
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 two units and built in 2005 on a permanent chassis
D.   A structure transported in three units and built in 1975 on a permanent foundation

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