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California: Real Estate Principles - Chapter 1
Questions And Correct Detailed Answers (Verified Answers) Already Graded A+
- Which portion of the California Business and Professions Code consists of the
- Part 1, Sections 10000 to 10580 of the Business and Professions Code
- Part 2, Sections 11000 to 11200 of the Business and Professions Code
- California Civil Code, Section 2985 of the Business and Professions Code
- None of the Above
- Penny, a California licensee, has been advertising on the Internet. She specializes in
- Penny should not be soliciting her services to the residents of California.
- Penny failed to indicate in the advertisement her license status.
- The services she advertises do not include any actions for which a license is required.
- None of the above.
- Is it permissible to advertise real estate associated services or products in
- No. All real estate related services or products must only be advertised by a licensed
- Yes, the Internet is a free commerce site. Any person may advertise whatever services or
Subdivided Lands Law?
Correct Answer: B. Part 2, Sections 11000 to 11200 of the Business and Professions Code
the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done?
Correct Answer: B. Penny failed to indicate in the advertisement her license status.
California without a California real estate license?
California real estate salesperson.
products they choose, as long as they are legal.
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- Yes, as long as the products or services do not include any actions for which a California
- None of the above.
real estate license is required.
Correct Answer: C. Yes, as long as the products or services do not include any actions for which a California real estate license is required.
4. California licensing laws define which of the following:
- Real Estate Brokerage
- Handling Trust Funds
- Managing Escrow Accounts
- All of the Above
Correct Answer: D. All of the Above
- An examinee or licensee may perform what transactions on the CalBRE website?
- Check test results.
- Renew salesperson and broker license.
- Obtain the current testing schedule.
- All of the above.
Correct Answer: D. All of the above.
- Gerard, a Nevada real estate licensee, has been advertising his services online to
- It is not permissible for Gerard to solicit California residents. He must hold a California
- It is not permissible for Gerard to solicit California residents. State-to-state real estate
- Yes, it is permissible for Gerard to advertise his services to California residents. He is
- None of the above
California citizens. He sells resort property outside Las Vegas and believes the California market could be very lucrative. Is it permissible for Gerard to advertise in this manner? Why or why not?
real estate license in addition to his Nevada license.
transactions must be approved by the CalBRE.
only advertising his services, not offering any advice. Therefore a California license is not needed.
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Correct Answer: A. It is not permissible for Gerard to solicit California residents. He must hold a California real estate license in addition to his Nevada license.
- As an examinee, or a new licensee, where is the best, most accurate source for
- Your Educator
- Your Broker
- The CalBRE website
- All of the Above
current California Bureau of Real Estate information?
Correct Answer: C. The CalBRE website
- Which of the following will not be covered in this course?
- How to advertise on the Internet in other states
- The mortgage market in California
- Environmental issues and regulations in California
- Voluntary and involuntary alienation
Correct Answer: A. How to advertise on the Internet in other states
9. Upon completion of this course, you should understand:
- The facts regarding disclosure of commissions earned to all parties in a transaction.
- Real estate taxes and special assessments.
- Encumbrances, liens, easements and encroachments.
- All of the above.
Correct Answer: D. All of the above.
- Which regulation or section(s) apply to the use of the Internet for advertising in
- Commission's Regulation 2770
- Commission's Regulation 007
- Business and Professions Code, Sections 10235.5 and 10140.6
- Both A and B
California?
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