45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 5 Unit 2 Exam

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Question #1
Which of the following statements is true about the MLS?
A.   Self-promotion isn't allowed.
B.   Expired and withdrawn listings may not be included on the MLS.
C.   Listing fees vary by listing price.
D.   It's free to members of the National Association of REALTORS®.
Question #2
Which of the following actions would be an MLS violation?
A.   Publishing the broker's website and email address in the public remarks
B.   Emphasizing that the property is adjacent to the public library
C.   Hiring a professional photographer to make a run-down property look as good as possible
D.   Lowering the price after getting the seller's permission to do so
Question #3
Your client, Brenda, doesn't want to be on the MLS because of privacy concerns. You tell her that one advantage to the MLS for her is ______.
A.   You won't have to work as hard
B.   The MLS makes it easier to sell her property quickly
C.   It makes a private sale easier
D.   No one will see the list price on the MLS
Question #4
The MLS offers several advantages to sellers. What's one of these advantages?
A.   Increased privacy
B.   Lower brokerage fees
C.   Increased security
D.   Increased market exposure

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