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. Termination of Buyer Agency

C. Modification of Terms

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. Code of ethics

B. Statute of frauds

C. Statute of limitations

D. Fair Housing Act

Question #3

Consent is not present when _______.

A. The contract is for an unlawful purpose

B. The contract is signed by a minor

C. The contract is signed under duress or undue influence

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

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

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