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California Real Estate Exam TEST BANK *Q&A* (100% Correct) 2025/2026 |VERIFIED| $9.53
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California Real Estate Exam TEST BANK *Q&A* (100% Correct) 2025/2026 |VERIFIED|

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California Real Estate Exam TEST BANK *Q&A* (100% Correct) 2025/2026 |VERIFIED| A licensee can lose their license for selling property quickly at low prices or buying property from their principal for personal use. False Is a real estate license required for a resident manager of an...

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  • December 8, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • california real estate exam test bank qa 100

Written for

  • Real Estate
  • Real Estate

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California Real Estate Exam TEST BANK
*Q&A* (100% Correct) 2025/2026
|VERIFIED|
A licensee can lose their license for selling property quickly at low prices or buying property from their
principal for personal use. False



Is a real estate license required for a resident manager of an apartment complex? No



A licensed salesperson must operate under the supervision of a broker, collect commissions only through
the broker, and have their license held by the broker. True



Does a person need a real estate license to sell property owned by a trust in which they are the trustee?
No



Is it necessary for someone employed to lease property, but not sell it, to be licensed, be compensated
by salary or commission, and act as an agent? True



How often must California real estate license renewal fees be paid? Every 4 years



In California, must buyer-broker agency and broker-seller agency be disclosed to buyers? True



Are licensees required to pay fees for transferring employment to a new broker, fingerprinting, and
reactivating an inactive license? True



The laws governing real estate licensing in California are found in the: Business and Professions
Code



The maximum payment from the Recovery Account for a single transaction is: $20,000



1

,A California Real Estate license allows negotiation for the sale of any property within the state of
California and property outside California if negotiations are done within the state. True



Can a licensed salesperson act independently to sell their own home, as long as all parties know they are
licensed? Yes



Including the real estate commission, how many members are on the advisory commission? 11



How many days do you and your new broker have to notify the DRE when changing brokers? 5
days



The total amount of Recovery Account payments available to one licensee, across multiple transactions,
is limited to: $100,000



For how long must a broker retain records for a transaction after its completion? 3 years



A real estate salesperson's commission is paid by the: Broker



If a qualified license applicant is on a delinquent child support list, they: May receive a temporary
150-day license.



Why is it necessary for a broker to maintain a trust fund account in addition to a regular business
account? To avoid potential consequences in the event of legal action.



A California real estate license is valid only within: California



When a salesperson transfers their license, the new broker must inform the DRE within: 5 days



If the California Real Estate Commissioner needs legal advice, they would consult with the:
California Association of REALTORS


2

, Once someone becomes a broker, the most appropriate title for them is: Broker



After a real estate license expires, what is the grace period for renewal without reexamination, provided
fees are paid? 2 years



How many years must a broker keep transaction records? 3 years



An unlicensed person who practices real estate may be: Fined up to $10,000 and subject to other
legal actions.



A contract where an owner hires a broker to find a buyer for their property is a: Listing



A contract in which ownership of property is transferred from one party to another is called a:
Deed



The two parties involved in a lease agreement are the: Lessor and lessee



The requirement that all parties understand the conditions of a contract is called: Reality of
consent, offer and acceptance, and meeting of the minds.



Consideration that has value only to the person receiving it is: Good consideration



A person too young to enter into a contract is considered: Incompetent



An individual who cannot make contracts due to incompetence may still be bound by contracts for:
Necessaries



Would this contract be enforceable or void? A agrees with B to steal money from C.
Unenforceable


3

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