The CE Shop » Sales License » 45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021

Question #1

Which of these standard forms is used to document an agreement between a seller and a listing broker to cease marketing a property?

A. Seller Instruction to Exclude from the MLS

B. Cancellation of Listing

C. Termination of Buyer Agency

D. Modification of Terms

Question #2

Which of the following requires that contracts transferring ownership of real property be in writing to be enforceable?

A. Statute of frauds

B. Fair Housing Act

C. Code of ethics

D. Statute of limitations

Question #3

Consent is not present when _______.

A. The contract is signed under duress or undue influence

B. The contract is for an unlawful purpose

C. The contract is signed by a minor

D. The contract is not in writing

Question #4

Which of these statements accurately describes the purpose of a Buyer Non-agency Agreement?

A. Establishes a non-exclusive listing agreement between a seller and a broker.

B. Establishes an open listing agreement between a seller and a broker.

C. Protects the listing broker from implied agency by notifying the seller that the listing broker is not the seller's agent.

D. Protects the listing broker from implied agency by notifying the buyer that the listing broker is not the buyer's agent.