California Real Estate Test 1

Question 1

Requirements for licensing as a real estate salesperson include all, except:

Accepted Answer

Answer

This question is unanswerable as presented. All options listed (being eighteen years or older, being honest and truthful, and getting fingerprinted) are actual requirements for obtaining a real estate salesperson license in California. Therefore, none of the provided options fit the 'except' condition of the question.

Question 2

A real estate broker’s advertisements need to include:

Accepted Answer

the name of the broker and license number

Answer

California Real Estate Law mandates that a broker's advertisements must clearly identify the licensee responsible for the ad. This includes displaying the broker's name and license number. This requirement ensures transparency and accountability, allowing consumers to easily identify and verify the credentials of the advertising party.

Question 3

An unlicensed assistant may

Accepted Answer

. prepare a comparative market analysis (CMA) for a client

Answer

Unlicensed assistants are permitted to perform administrative tasks that do not require a real estate license. Preparing a Comparative Market Analysis (CMA) involves gathering data and compiling information, which is considered an administrative function, as long as the assistant does not interpret the data or advise the client on pricing. Activities like showing property or discussing terms are considered licensed activities.

Question 4

Roland, a broker, arranges a sale and opens escrow. Before escrow closes, his license is revoked by the California Bureau of Real Estate (CalBRE). What happens to Roland’s commission?

Accepted Answer

Roland gets his commission

Answer

A broker earns their commission when they produce a ready, willing, and able buyer and the transaction is initiated, typically when a purchase agreement is signed and escrow is opened. Even if the broker's license is revoked after the services that led to the sale were performed and the transaction is in progress, they are still entitled to the commission for the work completed while licensed. The revocation affects future transactions, not those already earned.

Question 5

Real estate licenses are issued for:

Accepted Answer

four years.

Answer

In California, real estate salesperson and broker licenses are issued for a period of four years. Licensees must renew their licenses every four years and complete specific continuing education requirements to maintain their active status. This regular renewal process ensures licensees stay current with real estate laws and practices.

Real Estate License Practice Test

Real Estate License Practice Test

California Real Estate Test 1