Exam (elaborations)
California Real Estate Principles - Questions and Answers (Latest Update 2025)
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California Real Estate Principles - Questions and Answers (Latest Update 2025)
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California Real Estate Principles -Questions and Answers (Latest Update
2025)
(1) 1. The Real Estate Law is found in the
a. Licensing Code
b. Business and Professions Code
c. Health and Safety Code
d. Corporations Code - Correct Answer ✅ Business and
Professions Code
(1) 2. The Real Estate Commissioner reports to the
a. California Bureau of Real Estate
b. governor
c. Real Estate Advisory Commission
d. legislature - Correct Answer ✅ governor
(1) 3. Salesperson Sam owns 25% of the outstanding shares
of Rollo Realty, Inc., and broker Barbara Rollo owns the
remaining shares. This division of ownership is?
,California Real Estate Principles -
Questions and Answers (Latest Update
2025)
a. acceptable
b. mandated
c. discouraged
d. prohibited - Correct Answer ✅ acceptable
(1) 4. Salesperson Sam is part owner of Rollo Realty, Inc. In
the broker's absence, Sam frequently reviews the work of
sales associates. This is?
a. acceptable
b. mandated
c. discouraged
d. prohibited - Correct Answer ✅ prohibited
(1) 5. 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
,California Real Estate Principles -
Questions and Answers (Latest Update
2025)
b. all partners are real estate licensees
c. there is a designated broker-officer
d. there is at least one partner at each location - Correct
Answer ✅ a broker partner obtains an additional license for
each location
(1) 6. The sale or transfer of goods ordinarily held for sale in
the course of business is governed in California by the?
a. Business Opportunity Code
b. Commercial Transfer Law
c. Uniform Commercial Code
d. Real Estate Law - Correct Answer ✅ Uniform Commercial
Code
(1) 7. Todd, an officer of Ajax Corporation and not a real
estate licensee, successfully negotiated the purchase of the
Smith Widget Plant on behalf of Ajax. Todd received a
commission on the sale in addition to his normal salary. Todd
, California Real Estate Principles -
Questions and Answers (Latest Update
2025)
a. did not need a real estate license for the deal
b. should have had a real estate license
c. is exempt from licensing requirements
d. None of these - Correct Answer ✅ should have had a
real estate license
(1) 8. If a real estate license is NOT renewed before it expires,
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
d. may act under authority of another agent's license for a
period not to exceed 60 days - Correct Answer ✅ must
cease all real estate activities
(1) 9. A real estate licensee can offer a mobile home for sale
that is?
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