45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 18 Unit 3 Exam

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Question #1
Erica describes the condo she’s listed as being “the best unit in the building.” What’s this an example of?
A.   Intentional fraud
B.   Positive misrepresentation
C.   Lying
D.   Puffery
Question #2
Which of the following is true about inadvertent misrepresentation?
A.   A false statement was made.
B.   The person making the false statement knew it was false.
C.   The person hearing the false statement did not rely upon it.
D.   No harm was done to anyone.
Question #3
Which of the following isn’t an element of intentional misrepresentation?
A.   When it's committed against a buyer by an agent.
B.   When it includes a false action or statement.
C.   When it's witnessed or validated by multiple people.
D.   When it's a key piece to the purchase of a property.
Question #4
Which of the following is true about positive misrepresentation?
A.   The misstatement ended in a positive outcome.
B.   The misstatement wasn't relied upon.
C.   The person making the misstatement did not know it was false.
D.   A principal was harmed by the misstatement.
Question #5
Which of the following is an example of puffery?
A.   "This home is built to last. You won't have maintenance issues for a decade, at least!"
B.   "This apartment will definitely increase in value. You can't lose!"
C.   "I love this house, and I know it will appreciate better than the average house its size!"
D.   "This condo has the best view this side of the river!"
Question #6
One element of intentional misrepresentation is that ______.
A.   No one relied on the false statement
B.   The person making the false statement knew it was false (or should have known)
C.   The person relying on the false information knew it to be false
D.   The false statement did not cause harm to the person who relied upon it
Question #7
Which of the following statements is true of a material fact?
A.   A material fact would cause a reasonable person to either act or not act, if that fact were known.
B.   A material fact need not be disclosed to all parties.
C.   A material fact is only related to the condition of a property.
D.   A material fact is known only to real estate licensees.
Question #8
The main difference between puffery and misrepresentation is that _______.
A.   Puffery doesn't make wild claims
B.   Misrepresentation doesn't exaggerate
C.   Puffery is used to help sell a property
D.   Misrepresentation falsely represents material facts that a reasonable person would rely upon

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