Real Estate 101 - Real Estate Principles » Fall 2021 » Chapter 15 Quiz

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
Which of the following does NOT require a real estate license for the sale of real property?
A.   Negotiating leases for others
B.   Owner of the property
C.   Buying real estate for others
D.   Selling real estate for others
Question #2
The portion of the Business and Professions Code that refers to licensing and subdivisions is called:
A.   California Real Estate Law.
B.   Commissioner’s Regulations.
C.   Real Estate General Fund.
D.   Real Estate Recovery Law.
Question #3
Who has the power to revoke, restrict, or suspend a real estate license?
A.   CAR
B.   California Legislature
C.   Real Estate Commissioner
D.   NAR
Question #4
What is the maximum length of a real estate license issue of renewal for an applicant on a list of persons who have not complied with a court order to provide child support payments?
A.   200 days
B.   100 days
C.   150 days
D.   175 days
Question #5
The real estate trade association whose members are known as Realtists is the:
A.   National Association of REALTORS®.
B.   California Association of REALTORS ®.
C.   National Association of Real Estate Brokers.
D.   Local Board of REALTORS ®.
Question #6
Any licensee working in the real estate field must be a member of which group?
A.   NAR
B.   CAR
C.   No affiliation is necessary
D.   NAREB
Question #7
The group, through its leader, that regulates real estate transactions is called the:
A.   Federal Government.
B.   CAR.
C.   NAR.
D.   California Bureau of Real Estate.
Question #8
How many hours of Commissioner-approved continuing education must a salesperson or broker have in order to renew his or her four-year license?
A.   30 hours
B.   40 hours
C.   60 hours
D.   45 hours
Question #9
A false advertisement (Section 10177 of the Business and Professions Code) that gives the impression that the agent is the owner of the property is called a:
A.   classified advertisement.
B.   blind advertisement.
C.   pocket advertisement.
D.   paid advertisement.
Question #10
A sale of a business (business opportunity) by a real estate agent can include which of the following?
A.   Personal property
B.   Real estate
C.   Personal property, Real estate and Goodwill
D.   Goodwill
Question #11
The completion of what college-level course is required to qualify for a real estate salesperson examination?
A.   Real Estate Princples, Real Estate Practice and One other acceptable course
B.   Real Estate Princples
C.   Real Estate Practice
D.   One other acceptable course
Question #12
Any individual who wants to operate a real estate office must have:
A.   a broker’s license.
B.   a master’s degree.
C.   a perfect credit rating.
D.   a perfect credit rating and a master’s degree
Question #13
In a sale of an existing business (Business Opportunity) the real property is transferred:
A.   by deed.
B.   through the Real Estate Commissioner’s office.
C.   none of the answers are correct.
D.   by bill of sale.
Question #14
According to the Business and Professions Code 10176, which of the following is NOT grounds for license revocation or suspension?
A.   No commissions earned for a year
B.   False promises
C.   Commingling
D.   Misrepresentation
Question #15
Which of the following is TRUE concerning the salesperson’s exam?
A.   150 multiple choice question test
B.   50% correct score to pass
C.   3-hour exam period and 50% correct score to pass
D.   3-hour exam period
Question #16
Which of the following is FALSE concerning real estate licenses?
A.   Brokers’ licenses are renewable.
B.   All licensees must complete 45 hours of CE courses every 4 years.
C.   Real estate licenses are valid for the life of the licensee.
D.   Salespersons’ licenses are renewable.
Question #17
A “REALTOR” is a member of which trade association(s)?
A.   National Association of REALTORS ®
B.   Any of the answers are correct
C.   California Association of REALTORS ®
D.   Local Board of REALTORS ®
Question #18
Which of the following is FALSE concerning the broker’s exam?
A.   75% correct answers to pass
B.   $500 fee
C.   Five hours to complete
D.   200 questions

Need help with your exam preparation?

Existing Quiz Clients Login here