A Career In Real Estate California

An unlicensed assistant can properly:

Licensees for on-sale and off-sale alcoholic beverage licenses must be fingerprinted, with the exception of:

A business owner fails to remit $1,000 in collected sales tax in a timely manner. He is also guilty of fraud. The maximum penalty he can be assessed is:

Balancing a bank statement with an account is known as:

You must have a sales tax permit if you are going to:

A prospective renter paid $300 for a list of rentals. Since a rental was not obtained, the prospective renter asked for the return of the fee seven days later. The agent must return:

General liquor licenses less than five years old cannot be resold for more than:

The state Board of Equalization:

Since there are county and state sales taxes:

A balance sheet shows:

To have any effect, a bill of sale must:

Terri does not require a real estate license if:

Real estate licenses are issued for:

Which of the following would not be transferred by a bill of sale?

Subtracting the cost of merchandise from gross sales gives:

All of the following terms have something in common except:

A certificate of resale is:

The Franchise Investment Law could best be described as:

An advance fee is:

Requirements for licensing as a real estate salesperson includes all except:

A business balance sheet might include all except:

By checking a profit and loss statement, you would find:

A real estate salesperson may not:

Liquidity of a firm would be best described as the ratio of:

A real estate license was issued for only 150 days. The reason for this license period was that:

Jane purchases a car in Oregon and wishes to license it in California. She is going to be taxed. This tax based on value is:

The most reliable income figure for a grocery store that is for sale would be:

Sales taxes normally are required to be remitted to the state Board of Equalization:

The term cash flow refers to:

An advance-fee rental agent must:

A liability of a business would be:

Which of the following is true?

The term liabilities of a business refers to:

When a business is being sold, the term successor liability may become inportant. Real Estate brokers know that this term incolves certain obligations to the:

The financing statement for personal property in the sale of the business would most likely be filed with the:

An alcoholic beverage license will be issued:

Robert, a developer who is unlicensed, hires Yvonne, a broker, to sell his property. While Yvonne is out of town, Robert shows property, quotes prices, and makes sales.

Which of the following indicates an organization of brokers founded in 1947?

Accounts payable on a balance sheet would show up as:

Roland, a broker, makes a sale. His license is later revoked. After a revocation, escrow is completed.

A valid bill of sale does not require:

For a fee, Thomas offers to assist Sara in leasing and/or purchasing federal land.

The license of a salesperson working at a branch office is held:

Which of the following would be concerned with obtaining a clearance receipt in the sale of a business?

After publication has been made of a sale, the earliest the business can safety be sold is:

A balance sheet would show:

One year ago, Judy received an on-sale general liquor license from the state. She wishes to sell to Greg. The most she can get for the license is:

A listing of buildings and outbuildings would most likely be required for a:

Walter, a broker in California, pays a commission to Rita, a broker in Wisconsin who sent him a client.

The notice required under the Bulk Sales Act need not include:

Which of the following cannot obtain an alcoholic beverage license?

The least desirable business in a shopping center would be a:

The Bulk Sales Act is part of the:

What a person pays to develop a property is known as:

Goodwill costs for an on-sale or off-sale general alcoholic beverage license less than five years old cannot exceed:

The maximum sale price for resale of a general off-sale license originally issued in July 1, 1959, when the current owner has had the license for only one year, is:

The most important element of goodwill is:

Which of the following properties is likely to have the highest degree of liquidity?

Phil pays the Department of Alcoholic Beverage Control $6,000.

The least important element of goodwill is:

A $6,000 fee is:

The California State Sales Tax is:

To be enforceable, listings of business opportunities:

A liquor license must be put in use within __ days of initial issuance.

State sales tax on the fixtures of a business being sold would never be:

The term short-rate describes an:

An on-sale liquor license may be transferred:

Property sold in a bulk sale would be transferred by:

In choosing a location for an office a broker should be most interested in:

The successor liability of a business refers to:

A broker's salespeople are under contract as independent contractors rather than employees. By doing so the brokers will save out of pocket expenses relating to:

The company dollar refers to the:

Advance-fee broker advertising must be submitted to the Real Estate Commissioner __ days prior to use.

One year after his real estate license expired, Henry renewed the license. Which of the following is a true statement?

Turnover refers to:

Accounts payable of a business would be:

As to a business, which of the following is false?

To obtain a real estate broker's license under the law, which of the following is required?

George manages and leases five separate properties for an out-of-state owner, getting an apartment furnished at one of the locations as part payment for the work.

In considering a community shopping center, a developer would be most interested in:

A balance sheet would not show:

A retailer can:

An unlicensed secretary in a real estate office can:

The capital turnover of a real estate investor is __ that of the average vendor.

The Franchise Investment Law requires:

Compliance with the Bulk Sales Act requires publication at least 12 days prior to the sale in:

A fictitious name statement expires:

Notice of an intended sale of a business is recorded and published a day prior to sale. The sale is:

A broker who uses a send-out slip:

Turn-key project refers to:

If you were planning a suburban shopping center, one of the first things you would consider is:

To sell franchise opportunities, a person must be:

A salesperson leaves a broker. The broker must notify the Real Estate Commissioner:

Which of the following is true?

The acid-test ratio for cash on hand (includes securities readily converted to cash) to current liabilities is:

A real estate broker's ad must include:

An auctioneer who sells at auction and fails to comply with the Bulk Sales Act:

Notice of intent to engage in the sale of alcoholic beverages must be posted on the premises for at least:

A three-month period for accounting applies to:

Sales tax would not be collected on:

A right to use a marketing plan would be described as a(n):

Colonel Cluck wishes to open franchise stores in California. They have had 25 franchises operating for five years in Arizona. Their net worth is in excess of $5,000,000. They must:

The goodwill value of a business can be computed by:

A licensee with a restricted license may be restricted by the Commissioner as to:

A profit-and-loss statement would not include:

Dividing office overhead by the number of salespersons give:

To serve process on a nonresident California licensee who is not in California, a person would serve upon:

A use tax is:

The ABC will not issue an alcoholic beverage license to:

Which of the following needs a real estate license?

A large feed wholesaler wishes to sell 100,000 pounds of bulk feed to a dealer. He or she should comply with:

Accounts payable are in the same accounting category as:

A person passing the real estate examination must apply for a license within:

In a sale of a business, sales tax would not be paid on:

An unlicensed assistant can:

A broker may not:

As to the sale of a business in which the Bulk Sales Act Requirements have not been met, which of the following is true?

A salesperson's commission is paid by:

Which of the following incomes would be the highest?

A detailed listing of the physical assets of a business would be found in a(n):