A valid bill of sale does not require:
An unlicensed assistant can:
An unlicensed assistant can properly:
The ABC will not issue an alcoholic beverage license to:
By checking a profit and loss statement, you would find:
The company dollar refers to the:
Dividing office overhead by the number of salespersons give:
A salesperson's commission is paid by:
A salesperson leaves a broker. The broker must notify the Real Estate Commissioner:
The capital turnover of a real estate investor is __ that of the average vendor.
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 successor liability of a business refers to:
The least important element of goodwill is:
The Bulk Sales Act is part of the:
The Franchise Investment Law could best be described as:
A three-month period for accounting applies to:
The goodwill value of a business can be computed by:
Accounts payable of a business would be:
Property sold in a bulk sale would be transferred by:
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 broker may not:
Since there are county and state sales taxes:
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:
The Franchise Investment Law requires:
A balance sheet would not show:
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:
A use tax is:
As to a business, which of the following is false?
Notice of intent to engage in the sale of alcoholic beverages must be posted on the premises for at least:
A retailer can:
A business balance sheet might include all except:
The most important element of goodwill is:
Roland, a broker, makes a sale. His license is later revoked. After a revocation, escrow is completed.
Terri does not require a real estate license if:
A profit-and-loss statement would not include:
Compliance with the Bulk Sales Act requires publication at least 12 days prior to the sale in:
Requirements for licensing as a real estate salesperson includes all except:
Goodwill costs for an on-sale or off-sale general alcoholic beverage license less than five years old cannot exceed:
What a person pays to develop a property is known as:
Sales taxes normally are required to be remitted to the state Board of Equalization:
A listing of buildings and outbuildings would most likely be required for a:
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.
Accounts payable are in the same accounting category as:
An unlicensed secretary in a real estate office can:
In a sale of a business, sales tax would not be paid on:
For a fee, Thomas offers to assist Sara in leasing and/or purchasing federal land.
An advance-fee rental agent must:
The least desirable business in a shopping center would be a:
All of the following terms have something in common except:
The license of a salesperson working at a branch office is held:
A detailed listing of the physical assets of a business would be found in a(n):
Which of the following would be concerned with obtaining a clearance receipt in the sale of a business?
General liquor licenses less than five years old cannot be resold for more than:
Which of the following incomes would be the highest?
An on-sale liquor license may be transferred:
Which of the following is true?
A liquor license must be put in use within __ days of initial issuance.
Subtracting the cost of merchandise from gross sales gives:
In choosing a location for an office a broker should be most interested in:
A person passing the real estate examination must apply for a license within:
An advance fee is:
Balancing a bank statement with an account is known as:
A real estate broker's ad must include:
A balance sheet would show:
To sell franchise opportunities, a person must be:
Real estate licenses are issued for:
In considering a community shopping center, a developer would be most interested in:
The California State Sales Tax is:
Which of the following needs a real estate license?
A fictitious name statement expires:
To serve process on a nonresident California licensee who is not in California, a person would serve upon:
A right to use a marketing plan would be described as a(n):
A liability of a business would be:
The notice required under the Bulk Sales Act need not include:
Licensees for on-sale and off-sale alcoholic beverage licenses must be fingerprinted, with the exception of:
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.
The state Board of Equalization:
A certificate of resale is:
To have any effect, a bill of sale must:
To obtain a real estate broker's license under the law, which of the following is required?
The term short-rate describes an:
Accounts payable on a balance sheet would show up as:
A balance sheet shows:
Which of the following would not be transferred by a bill of sale?
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:
Phil pays the Department of Alcoholic Beverage Control $6,000.
State sales tax on the fixtures of a business being sold would never be:
If you were planning a suburban shopping center, one of the first things you would consider is:
The acid-test ratio for cash on hand (includes securities readily converted to cash) to current liabilities is:
Which of the following indicates an organization of brokers founded in 1947?
Walter, a broker in California, pays a commission to Rita, a broker in Wisconsin who sent him a client.
An auctioneer who sells at auction and fails to comply with the Bulk Sales Act:
To be enforceable, listings of business opportunities:
A real estate license was issued for only 150 days. The reason for this license period was that:
A broker who uses a send-out slip:
One year after his real estate license expired, Henry renewed the license. Which of the following is a true statement?
Turn-key project refers to:
Which of the following properties is likely to have the highest degree of liquidity?
The most reliable income figure for a grocery store that is for sale would be:
Sales tax would not be collected on:
Which of the following cannot obtain an alcoholic beverage license?
The term liabilities of a business refers to:
Turnover refers to:
Liquidity of a firm would be best described as the ratio of:
A $6,000 fee is:
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:
The term cash flow refers to:
An alcoholic beverage license will be issued:
The financing statement for personal property in the sale of the business would most likely be filed with the:
A large feed wholesaler wishes to sell 100,000 pounds of bulk feed to a dealer. He or she should comply with:
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:
You must have a sales tax permit if you are going to:
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:
A licensee with a restricted license may be restricted by the Commissioner as to:
After publication has been made of a sale, the earliest the business can safety be sold is:
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:
A real estate salesperson may not:
Notice of an intended sale of a business is recorded and published a day prior to sale. The sale is:
Advance-fee broker advertising must be submitted to the Real Estate Commissioner __ days prior to use.
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