45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 7 Unit 2 Exam

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Question #1
In certain cases, antitrust violators may be subject to court-ordered supervision. How long can this supervision last?
A.   One year
B.   One month
C.   One week
D.   10 years
Question #2
A consumer is moving to a new area and uses social media to try to line up a real estate professional to help him find a new home. He asks how much he’ll need to pay his licensee. One firm he contacts tells him that all licensees in the area charge at least 2%. What antitrust violation does this imply?
A.   Group boycotting
B.   Market allocation
C.   A tie-in arrangement
D.   Price fixing
Question #3
How does California inform consumers that commissions are not set by law?
A.   Through a commission disclosure statement
B.   Through language on the agency disclosure form
C.   Commissions are set by law
D.   Through specific language on listing agreements
Question #4
Rachel is subject to court-ordered supervision due to an antitrust violation. This oversight may continue for as long as ______.
A.   Five years
B.   She's licensed
C.   She remains in the state where the violation occurred
D.   10 years
Question #5
Which of these situations represents an illegal tie-in arrangement?
A.   Martha gives her buyer clients a list of home inspectors and encourages them to call several who are both on and not on the list to find one who meets their needs.
B.   Monica agrees to rebate a portion of the commission earned when her buyer client buys a house if the client also lists her current home with Monica.
C.   Grayson tells his seller client, Geneva, that he'll reduce the listing commission if Geneva uses MBS Title Services to close her transaction.
D.   Trina tells her buyer, Martin, that she won't perform any brokerage services for him unless he signs an agency agreement.
Question #6
Marcy is found guilty of price fixing. It's safe to assume that she must have done what?
A.   Charged a fixed commission price her broker asked her to use
B.   Charged a separate co-op fee for different brokerages
C.   Agreed with a competitor to charge a specific amount
D.   Deviated from the standard commission rate
Question #7
A couple of licensees you know from different firms are tired of competing with one another for the same listings. You overhear them saying, “You take the north side of town and I’ll take the south, so we aren’t stepping on each other’s toes.” You stop their conversation to tell them they're committing an antitrust violation. Which one is it?
A.   Market allocation
B.   Tie-in arrangements
C.   Group boycotting
D.   Price fixing
Question #8
An agent is trying to build up business for a friend’s mortgage company. She offers to charge a lower commission rate to clients who use her friend’s mortgage company for their financing. What's this an example of?
A.   Market allocation
B.   Group boycotting
C.   Price fixing
D.   Tie-in arrangement

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