Real estate Comprehensive Examination With Correct Answers. Latest 2023
1 view 0 purchase
Course
Real estate
Institution
Real Estate Latest
Real estate Comprehensive Examination With Correct Answers. Latest 2023.A candidate for a real estate salesperson’s license must complete a total of
a. two college-level courses.
b. three college-level courses.
c. four college-level courses.
d. eight college-level courses.
2. No compensation...
real estate comprehensive examination with correct
real estate comprehensive examination
Written for
Real estate Latest
Real estate
All documents for this subject (1)
Seller
Follow
StudyConnect
Reviews received
Content preview
Final Examination
Name Date:
1. A candidate for a real estate salesperson’s license must complete a total of
a. two college-level courses.
b. three college-level courses.
c. four college-level courses.
d. eight college-level courses.
2. No compensation of any form may be received by a real estate broker without the
knowledge of the broker’s
a. customer.
b. principal.
c. subagent.
d. office administrator.
3. It is unlawful for a real estate licensee to induce a prospective buyer to make an
offer to purchase on a home by
a. deliberately underestimating probable closing costs.
b. showing the home to the buyer more than once.
c. helping the seller stage the home for sale.
d. conducting an open house at which coffee and cookies are offered.
4. A PRLS license is valid for
a. one year.
b. 18 months.
c. two years.
d. four years.
5. Broker Bob has taken an exclusive authorization and right to sell agreement on
Howard’s vacant lot. Sally, a salesperson in Bob’s office, has obtained a written
offer for the property from her sister, who made a $2,500 good faith deposit in the
form of a promissory note. Broker Bob should
a. present the offer as written, making certain that the relationship between
Sally and her sister is disclosed.
b. refuse to present the offer since the deposit is in the form of a promissory
note and does not identify the buyer.
c. request that Sally rewrite the offer and obtain a cash deposit from her
sister.
d. hold the offer until another buyer not related to the agent makes an offer
with a cash deposit, and then present both offers.
6. The special fund established by the legislature to help compensate victims of real
estate licensee fraud is the
a. Special Fund.
b. Broker Trust Fund.
c. Commissioner’s Fund.
d. Recovery Account.
1
, 7. The major impetus to Spanish settlement of California was the establishment of
the
a. railroad.
b. common law.
c. missions.
d. homestead.
8. Following the treaty of Guadalupe Hidalgo, California became a possession of
a. the United States.
b. Spain.
c. Mexico.
d. England.
9. The right of the state to divert water from a lake for public use is known as
a. abandonment.
b. appropriation.
c. prescription.
d. inundation.
10. When real property is sold, transferred, or conveyed, appurtenances to the land
a. are terminated.
b. remain with the seller.
c. pass with the land.
d. are returned to the original grantor.
11. Real property is usually transferred by a
a. will.
b. deed.
c. purchase agreement.
d. bill of sale.
12. In a township, the section north of section 10 is section
a. 1.
b. 3.
c. 2.
d. 4.
13. Ownership in severalty is
a. concurrent ownership by more than one person.
b. separate ownership by one person.
c. a combination of joint tenancy and community property.
d. tenancy in partnership.
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudyConnect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
