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Exam (elaborations)

Ca AceableAgent Real Estate Principles Questions and Answers 100% Pass

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  • Module
  • Aceable agent real estate
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  • Aceable Agent Real Estate

Ca AceableAgent Real Estate Principles Questions and Answers 100% Pass The Real Estate Law is found in a. the licensing code b. the business and professions code c. the health and safety code - the business and professions code The Real Estate commissioner reports to a. the CA bureau of real...

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  • December 27, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Aceable agent real estate
  • Aceable agent real estate
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1|Page




Ca AceableAgent Real Estate Principles
Questions and Answers 100% Pass


The Real Estate Law is found in


a. the licensing code


b. the business and professions code


c. the health and safety code - ✔✔the business and professions code


The Real Estate commissioner reports to


a. the CA bureau of real estate


b. the governor


c. department of housing and urban development - ✔✔the governor


A salesperson owns 25% of the outstanding shares of Rollo Realty Inc. while the broker

owns the remaining shares. This division is


a. acceptable


b. mandated


c. discouraged


d. prohibited - ✔✔acceptable


Katelyn Whitman© 2025, All Rights Reserved.

,2|Page


A salesperson is part owner of Rollo Realty Inc. In the brokers absence, the salesperson

frequently reviews the work of other sales associates. This is


a. acceptable


b. mandated


c. discouraged


d. prohibited - ✔✔prohibited


A Real Estate business that is a partnership can have more than one office location,

provided


a. a broker partner obtains an additional license for each location


b. all partners are real estate licensees


c. there is a designated broker-officer - ✔✔a broker partner obtains an additional license

for each location


The sale or transfer of goods ordinarily held for sale in the course of business is

governed in CA by


a. a business opportunity code


b. the commercial transfer law


c. the uniform commercial code - ✔✔the uniform commercial code




Katelyn Whitman© 2025, All Rights Reserved.

,3|Page


An officer of Ajax Corporation, who is not a real estate licensee, successfully negotiated

the purchase of the Smith Widget Plant on behalf of Ajax. The officer received a

commission on the sale in addition to his normal salary. The officer of Ajax Corporation


a. did not need a license for the deal


b. should have had a real estate license


c. is exempt from licensing requirements - ✔✔should have had a real estate license


If a real estate license is not renewed before expiring, the licensee


a. is allowed to complete transactions in progress


b. is allowed to finish transactions that are substantially complete


c. must cease all real estate activities (until renewed) - ✔✔must cease all real estate

activities (until renewed)


A real estate licensee can offer a mobile home for sale that is


a. in a manufacturing plant, ready for delivery


b. transportable under Vehicle Code Exemption


c. in a location where it can legally remain for one year - ✔✔in a location where it can

legally remain for one year


A broker routinely places earnest money deposits in a personal account for overnight

safekeeping. This practice is



Katelyn Whitman© 2025, All Rights Reserved.

, 4|Page


a. acceptable


b. mandated


c. discouraged


d. prohibited - ✔✔prohibited


A broker has an exclusive listing agreement with a property owner. The listing will

terminate "when the parties agree". This practice is


a. acceptable


b. mandated


c. discouraged


d. prohibited - ✔✔prohibited


When a broker exercised his option to buy Whiteacre, he presented to the owner of

Whiteacre a written statement of his expected profit in the transaction. The seller agreed

in writing to proceed with the sale. This conduct is - ✔✔mandated


The broker-office of XYZ Realty Inc. does not like the overly-aggressive sales tactics of

it's salespeople but has not reprimanded them because business is so good. The brokers

conduct is - ✔✔discouraged




Katelyn Whitman© 2025, All Rights Reserved.

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