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. Cancellation of Listing

B. Modification of Terms

C. Termination of Buyer Agency

D. Seller Instruction to Exclude from the MLS

Question #2

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

A. Fair Housing Act

B. Statute of frauds

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

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

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

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