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 a broker license
B.   Must have at least a salesperson license
C.   Doesn't need a real estate 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.   Placing a for sale sign on a property
B.   Showing the property to prospective buyers
C.   Providing factual information about the property
D.   Preparing marketing materials for 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 purchase a new property for Katie at an auction.
B.   He can receive compensation from Katie for locating a new house.
C.   He can negotiate the sale of her old house.
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 team of two individuals who each hold a real estate license.
C.   A brokerage owned by at least two people
D.   A brokerage owned by a single person
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.   Salesperson
C.   Associate broker
D.   Broker of record
Question #6
River is an unlicensed assistant at a brokerage. Which of the following tasks is she permitted to perform for her broker?
A.   Negotiate on a client's behalf.
B.   Suggest a sale price for a client's listing
C.   Host an open house.
D.   Assemble closing documents.
Question #7
What are common ownership structures for real estate brokerages?
A.   Partnerships only
B.   Sole proprietorships, partnerships, and corporations
C.   Sole proprietorships and 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 2005 on a permanent foundation
B.   A structure transported in three units and built in 1975 on a permanent foundation
C.   A structure transported in two units and built in 2005 on a permanent chassis
D.   A structure transported in two units and built in 1975 on a permanent chassis

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