CA Real Estate Principles Course » 2021 » Section 2 Unit 4 Exam

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Question #1
What is the maximum amount that will be paid out of the Recovery Account for a transaction?
A.   $50,000
B.   $10,000
C.   $100,000
D.   $25,000
Question #2
Requiring a licensee to submit detailed reports related to trust fund accounting is an example of a condition that may be placed on a licensee with a ______ license.
A.   Suspended
B.   Restricted
C.   Retracted
D.   Revoked
Question #3
What is the maximum amount that will be paid out of the Recovery Account per licensee?
A.   $100,000
B.   $250,000
C.   $500,000
D.   $50,000
Question #4
Serious violations of the real estate license laws typically result in which disciplinary action or actions?
A.   A small fine
B.   License suspension or revocation
C.   Reprimand
D.   Additional education

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