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California Real Estate Practice - Questions and Answers Graded A+
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California Real Estate Practice - Questions and AnswersStudy online at https://quizlet.com/_336lio
1.(1) 1. The real estate marketplace could BEST be described as being
A. homogeneous
B. stratified
C. perfect
D. uninfluenced by emotion: B. stratified (based on price)
2.(1) 2. Most real estate agents are primarily engaged in which area of activit
A. residential property
B. raw land and lots
C. commercial property
D. development: A. residential property
3.(1) 3. The IRS will treat real estate salespeople as independent
contractors if 3 criteria are met. Which is not a criteria
A. The salesperson's reimbursement is solely based on sales, not
hours worked
B. The salesperson represents himself as an independent contractor
when dealing with third parties
C.There is a written contract stating that the salesperson will be treated as
an independent contractor for tax purposes
D. The salesperson is licensed as a real estate agent: B. The salesperson
represents himself as an independent contractor when dealing with
third parties ( merely representing oneself as an independent
contractor would be a violation of disclosure requirements and is not
considered to be an IRS criteria)
4.(1) 4. A broker ordinarily would be liable to salespeople for
A. unemployment compensation
B. workers' compensation
C. Social Security contributions
D. none of these: B. workers' compensation (for work related injuries)
5.(1) 5. In choosing a broker, a new licensee should be LEAST interested
in an office that
A. has a high percentage of successful people
B. has a good library of books, tapes, and videos for training
C. offers 100% commission
D. is a member of a local multiple listing service: C. offers 100%
, California Real Estate Practice - Questions and Answers
Study online at https://quizlet.com/_336lio
commission (new licensees should remember training is more important
than commission split)
, California Real Estate Practice - Questions and Answers
Study online at https://quizlet.com/_336lio
6.(1) 6. The BEST way to learn is to
A. listen to what others say
B. read instructional material
C. watch what others do
D. use the ideas you observe or read about: D. use the ideas you observe
or read about (by using ideas, they become yours)
7.(1) 7. Which of the following statements is true about role-playing
A. Role-playing situations are limited only by our own imagination
B. Role-playing can be verbalized or nonverbalized
C. Role-playing exercises can involve more than one person
D. All of these: D. All of these
8.(1) 8. Which statement is an example of a specific goal
A. I will work harder next week
B. I will improve my listing presentation
C. I will make 10 calls tomorrow on for-sale-by-owner ads and schedule three
property showings by Sunday
D. I will learn by observing successful agents: C. I will make 10 calls
tomorrow on for-sale-by-owner ads and schedule 3 property showings
by Sunday ( exact goals are measurable )
9.(1) 9. All of the following will aid you in goal achievement EXCEPT
A. that goals should be attainable
B. that goals should be based on what you really want
C. that goals should be kept to yourself because they are personal
D. that goals should be exact so that you can measure their attainment: C.
that goals should be kept to yourself because they are personal (goals
should be shared so you are accountable for making them. when no one
knows the goals, it is easier to abandon them)
10.(1) 10. Proper daily planning means that you should endeavor to
A. reduce "D" Time activities
B. increase "A" Time activities
C. place more emphasis on probabilities than on possibilities
D. accomplish all of these: D. accomplish all of these
11.(2) 1. Three brokers agreed that they would not let a fourth broker show
any of their listings. This action would be regarded as
, California Real Estate Practice - Questions and Answers
Study online at https://quizlet.com/_336lio
A. a group boycott
B. price-fixing
C. market allocations
D. a tie-in agreement: A. a group boycott
12.(2) 2. Ethics' relationship to law is that
A. if an act is illegal it is also unethical
B. ethics tend to precede the law
C. ethics and the law both set minimum standards for behavior
D. what is ethical is legal: B. ethics tend to precede the law
13.(2) 3. Which of the following phrases would be considered
nondiscrimina- tory in an advertisement for a rental
A. Christian family
B. Prefer working married couple
C. Just two blocks to St. Michael's
D. None of these: D. None of these
14.(2) 4. A broker with a disabled employee widened the doorway to the
restroom to accommodate a wheelchair. This work was performed to
comply with
A. Civil Rights Act of 1866
B. Americans with Disabilities Act
C. Rumford Act
D. Fair Housing Amendment Act of 1988: B. Americans with Disabilities Act
15.(2) 5. The Civil Rights Act of 1866 specifically covers what type of
discrim- ination
A. Sex
B. Marital status
C. Age
D. Race: D. race
16.(2) 6. A broker showed African American prospective buyers homes in
African American and racially mixed neighborhoods. He would show
African American prospects homes in predominantly Caucasian areas only
if the prospects specifically requested to see homes in those areas. The
broker's action would be described as
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