45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 18 Unit 2 Exam

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Question #1
While working with a buyer client, Jeffrey filled in the blanks on the purchase agreement, drafted an early occupancy addendum, and assured his buyer that she was “fully protected” and would get her earnest money back if the sale didn’t close. He encouraged her to hire an attorney to review the contract and addendum, and then invoiced her for a nominal $15 fee to prepare transaction documents. Which of the following tasks was Jeffrey legally permitted to do?
A.   Drafting the early occupancy addendum
B.   Charging a fee for preparing legal documents
C.   Interpreting the contract provisions regarding the buyer's full protection and getting her earnest money returned
D.   Filling in the contract blanks
Question #2
Which of the following actions concerning tenant rights should real estate licensees take?
A.   Ignore tenant rights.
B.   Advise tenants on their rights and responsibilities under the law.
C.   Learn and understand tenant rights.
D.   Advise landlords on their rights and responsibilities under law.
Question #3
Chester is moving on up! He and his wife are ready to sell their condo and purchase a new place. Chester is a real estate licensee and will list the property himself. What must Chester disclose to prospective buyers?
A.   The sellers will not accept any offers below $300,000.
B.   Chester doesn't need to disclose anything to buyers.
C.   He owns the property.
D.   The sellers are eager to sell.
Question #4
Which of the following actions is representative of an agent’s due diligence and ethical behavior?
A.   A buyer client wants to waive an inspection. The agent follows the request without question.
B.   An agent deposits a buyer client's earnest money check into her personal bank account.
C.   An agent notices a discrepancy between what the homeowner says and what the property shows, so he ignores it.
D.   An agent notices a discrepancy between what the homeowner says and what the property shows, so he investigates.

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