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

Question #1

A licensee stating that a property is “guaranteed to increase in value over the next five years” is an example of _______.

A. Misrepresentation

B. A fact

C. Puffery

D. An aphorism

Question #2

What types of misrepresentation exist?

A. Intentional and accidental

B. Blatant and hidden

C. Positive and unintentional

D. Blatant and unintentional

Question #3

In order for misrepresentation to occur, what must happen to the person who relied upon it?

A. He must believe the statement to be false.

B. He must research all claims.

C. He must not be harmed.

D. He must be harmed.

Question #4

What's the difference between commingling and conversion?

A. Commingling is mixing client funds with your own; conversion is using them.

B. Only commingling is illegal.

C. Commingling involves client funds; conversion involves your own funds.

D. They're essentially the same thing.