CE Shop Real Estate - Principles Real Estate
Course - 45 hour – CA Exam Questions And
Correct Answers
What do riparian rights give landowners the ability to do? - answer✔✔Use a river running
through the property.
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is based on
______. - answer✔✔Littoral rights
What are improvements with regard to property? - answer✔✔Artificial attachments to land that
include items such as fencing, buildings, and walkways
Along with property ownership, rights are granted to use the land's physical components. Which
right allows a property owner to use or sell the underground resources, such as natural gas and
minerals? - answer✔✔Sub-surface
Which of the following is true about air rights? - answer✔✔They allow the owner to use the
open space above buildings.
John and Tara have lived in their home for 23 years and are excited to move to Florida for
retirement. As homeowners, what right allows them to sell their home? - answer✔✔Disposition
Alluvion describes new deposits of land that are the result of what natural process? -
answer✔✔Accretion
Annette really wants to move to San Francisco, but she's unsure whether she'll be able to afford
to live there. Housing is very expensive because there simply is no room to build any new
housing units. Which economic characteristic does this reflect? - answer✔✔Scarcity
If Sima entered a plea of no contest in a criminal case she ______. - answer✔✔Must report this
to California DRE under all circumstances
If a licensee commits a violation and it's found the broker didn't adequately supervise the
licensee, whose license in jeopardy? - answer✔✔Both the broker's and licensee's
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. - answer✔✔Restricted
If Jan is using the designation GRI (Graduate of the Real Estate Institute), but she has not paid
her annual membership dues, is this a violation? - answer✔✔Yes, because it is dishonest
Maura is a real estate salesperson who does not have an MLO endorsement. Which of these
actions can she perform for her client, who is financing the purchase of a single-family home? -
answer✔✔Offer to provide the client with a list of lenders they could consider working with to
obtain the loan.
Brenda is a real estate salesperson. Jim is her sponsoring broker. Brenda is moving to a different
area in the state and will no longer be able to work with Jim. Her new sponsoring broker will be
Cindy. What must take place for Brenda to transfer her license to Cindy? - answer✔✔Jim must
notify the California DRE and give Brenda her license certificate. Brenda and Cindy complete a
change application.
Jackson holds a real estate broker license with an MLO endorsement. How many hours of
continuing education must he complete each year to renew this endorsement? - answer✔✔Eight
hours
Bradley has a real estate salesperson's license. He's done some traveling recently and missed the
deadline to renew his license. It's now 30 days past the expiration date. What must he do to
renew his license? - answer✔✔Complete the continuing education requirements and submit a
renewal and late fee.
Sally is a real estate salesperson. How many hours of continuing education must she complete
before the license expiration date in order to renew it for another four years? - answer✔✔45
hours
Jackson holds a real estate broker license with an MLO endorsement. How often must he renew
his MLO endorsement? - answer✔✔Every year
Which of these real estate licensees may be exempt from the continuing education requirements
for license renewal? - answer✔✔Al is 70 years old and has been licensed in good standing for 30
consecutive years.
Years ago, Rachel held a real estate license. She took some time off to travel and start a family.
Now she's ready to get back in the saddle. Her license expired three years ago. What must she do
to renew her license and start practicing real estate again? - answer✔✔Requalify for a real estate
license by completing pre-licensing courses and passing the state licensing exam.
What is the goal of real estate law? - answer✔✔Protect and promote public safety, health, order,
and welfare
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