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 lives two blocks away.

B. She co-owns the property.

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

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

Question #2

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

A. When meeting a buyer at an open house

B. When meeting a seller at an open house

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

D. When representing a seller and assisting an unrepresented buyer

Question #3

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

A. All parties in the transaction

B. Broker

C. Seller

D. Buyer

Question #4

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

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

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

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

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