45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 3 Unit 1 Exam

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Question #1
Jim from Greater SW Realty represents Andy as the buyer of a parcel of land. Roger, also from Greater SW Realty, has the listing for that land. Is this a dual agency situation?
A.   No, because land is not subject to dual agency requirements.
B.   Yes, because any time more than one party is involved in a transaction, it is dual agency.
C.   Yes, because both Jim and Roger work for the same broker.
D.   No, because each party has their own representation.
Question #2
Which of the following situations would qualify as “more than casual,” and therefore require an agency disclosure form to be signed?
A.   When a listing agent shows an unrepresented buyer their own listing
B.   When a listing agent shows a visitor around at an open house
C.   When a licensee shows a couple who is expecting their first child around an open house
D.   When a 'for sale by owner' seller asks a licensee whether the licensee believes the house is overpriced
Question #3
What happens if a consumer who refused to sign an agency disclosure later decides to use that same licensee as their agent?
A.   An amendment noting the change in agency status must be signed
B.   A new agency disclosure must be signed
C.   Nothing, as long as the consumer was presented with the form the first time
D.   The old agency disclosure must be discarded
Question #4
You work for XYZ Realty under the supervision of broker Luke. Your buddy in the next county gave you a referral fee. The check came to your office in your name. You deposit it. Is this okay?
A.   Yes, if the check is endorsed by your broker, as well.
B.   No, because agents can only be paid directly if they're paid in cash.
C.   No, because all compensation must come through your broker.
D.   Yes, provided your broker knows about the check.
Question #5
Risa is a licensee. She told Kim, her seller client, about Ranger’s willingness to pay more for her house—something Ranger did not want Kim to know. Did Risa violate her duties?
A.   Yes, if Ranger is also a client
B.   No, because a licensee's duty to a seller is greater than that to a buyer
C.   Yes, because Ranger did not want the seller to know
D.   No, because licensees may share confidential information with their clients, no matter the source
Question #6
Bradley provided his clients with a dual agency disclosure. He obtained his clients' signatures and provided copies to his clients. What step did he miss?
A.   He did not make sure his clients understood the form before signing it.
B.   He did not receive his broker's permission.
C.   No steps; if he obtained signatures, he has done his job.
D.   He did not offer to also mail his clients a certified copy.
Question #7
Kamut met with Amy, a buyer, and showed her his new listing. If Amy is unrepresented, did Kamut err by not providing Amy with an agency disclosure?
A.   Only if Amy asked for advice or offered confidential information
B.   Yes, because he showed her property
C.   Yes, because any time you meet with a buyer, you must provide agency disclosure
D.   No, because he is the listing agent
Question #8
Connie is a new licensee and has just entered into an agency relationship after obtaining a signed agency disclosure from her new client. What must Connie do now?
A.   Record the document with the county
B.   Give a copy to her client and retain the form for three years
C.   Have the form notarized and provide a copy to her client
D.   Shred the document, as it contains financial information

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