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.   Listing fees vary by listing price.
B.   Self-promotion isn't allowed.
C.   Expired and withdrawn listings may not be included on the MLS.
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.   Lowering the price after getting the seller's permission to do so
D.   Hiring a professional photographer to make a run-down property look as good as possible
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.   No one will see the list price on the MLS
C.   The MLS makes it easier to sell her property quickly
D.   It makes a private sale easier
Question #4
The MLS offers several advantages to sellers. What's one of these advantages?
A.   Increased market exposure
B.   Increased security
C.   Increased privacy
D.   Lower brokerage fees

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