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

Question #1

Janice is a licensee with a buyer client who just found a great house. Which of the following is she NOT required to disclose to her client?

A. She knows the house was damaged in a severe fire two years ago.

B. She lives two blocks away.

C. The owner is her brother-in-law.

D. She co-owns the property.

Question #2

Under what circumstances would undisclosed dual agency be most likely to occur?

A. When representing a seller and assisting an unrepresented buyer

B. When meeting a buyer at an open house

C. When representing the buyer and assisting a seller who is represented by another broker

D. When meeting a seller at an open house

Question #3

To whom must a licensee, representing a buyer, disclose agency status?

A. Buyer

B. Broker

C. All parties in the transaction

D. Seller

Question #4

If a listing agent is interested in purchasing her own listing, what must that agent do?

A. Price the property below fair market value so the agent gets a better deal.

B. Price the property above fair market value so the seller gets a better deal.

C. Disclose to the seller that the agent is interested in purchasing the property.

D. Hold any other offers so the seller accepts the listing agent's offer.