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. Puffery

B. Misrepresentation

C. An aphorism

D. A fact

Question #2

What types of misrepresentation exist?

A. Positive and unintentional

B. Blatant and hidden

C. Blatant and unintentional

D. Intentional and accidental

Question #3

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

A. He must be harmed.

B. He must not be harmed.

C. He must believe the statement to be false.

D. He must research all claims.

Question #4

What's the difference between commingling and conversion?

A. Only commingling is illegal.

B. They're essentially the same thing.

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

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