Real Estate Agency

IRS Form 1099 would be used by a broker to report:

If an agent is guilty of a tort, the:

How long does a broker have to deposit a check received made out to the broker's trust account?

When may a broker accept a commission from both a buyer and a seller?

California allows which type of agency?

A buyer claims that a seller and a broker failed to reveal many defects known to them that made the property unsuitable for the purpose stated.

A principal would not be liable for torts of:

The agency between a real estate broker and an owner would not be:

XYZ Inc. listed a warehouse for sale. After giving the listing, all the officers and directos are killed in a plan crash. What happens to the listing?

A property owner suffers a loss because of the fraudulent misrepresentation of a broker. The owner should:

In a sale transaction, a broker represents only the buyer. This would be an example of:

The Commissioner's regulations:

If a principal allows his or her agent to appear to have authority, the principal may not later deny an act of the agent, because of:

A property owner tells the broker that the house is connected to the sewer. The broker relays this information to the buyer, who later finds that the house has septic system in need of repair. The buyer would probably sue:

A salesperson's relationships to an ownerclient of the broker would be most nearly that of:

A listing broker may not be:

An agent may disobey instructions of the agent's principal:

The first action of the Real Estate Commissioner, prior to disciplinary action against a licensee, would be:

An agent failed to reveal to the seller that she was acting in a dual agency capacity. Therefore, the agent:

As to money held in trust, which of the following is true?

When is a broker engaged in dual agency?

A salesperson, in selling listings of another broker, would be directly responsible to:

Disciplinary hearing for real estate licensees would be  conducted by:

Which of the following does not need any special knowledge of law?

An owner unilaterally cancelled a six-month sale listing with three months to go. Which of the following is a true statement?

The Business and Professions Code comes from:

A selling agent can be :

A real estate salesperson is to his or her broker as:

A contract for the sale of residential property includes a general "as is" provision. This provision:

A salesperson's business card must include:

The agency formed by an exclusive listing is:

A broker exceeds his authority and without the owner's knowledge tells the buyer that the house will be repainted.

Which of the following woulf most likely be a general agent?

A Real Estate Transfer Disclosure Statement is NOT required for the sale of:

A broker acts as an undisclosed agent for both the buyer and seller in a transaction. The buyer does not want to go through with the purchase although the price she agreed to pay is fair.

An attorney-in-fact cannot:

A broker is selling his own rental unit. He collects the rent on the first day of the month, which is the same day he receives a deposit with an offer to purchase giving him three days to accept. He should:

The Real Estate Law is part of:

The maximum amount that a person can recover from the Real Estate Education Research and Recovery Fund after he or she has obtained a judgment against a licensee is:

A person may give a power of attorney to:

The three steps of agency disclosure, in the proper chronological order, are:

The Real Estate Commission conducts hearings in accordance with the:

A valid agency requires a(n):

An example of a red flag would be:

A seller sold property "as is". The broker knew the plumbing was in bad repair but did not inform the buyer. The buyer can sue:

When may a broker refuse to submit a low offer to purchase to the owner?

A hazardous, colorness, odorness gas found in homes describes:

The written contract between an employing broker and an employed salesperson is required by:

A real estate broker can be discliplined for:

The Real Estate Law comes from:

A selling agent can elect to be:

A real estate broker is guilty of conversion. He or she most likely:

A transfer disclosure statement is required for:

The court decision that requires the agent to make a reasonable visual inspection of the premises is:

Both an owner and a buyer ask to have the trust funds deposited by the buyer. The broker should:

Use of term REALTOR by a licensee not authorized to do so could result in:

A buyer of a duplex did not receive a transfer disclosure statement. The buyer can:

The primary purpose of the Real Estate Law is to:

Commingling is the reason more licenses are revoked than any other. Which of the following is an example of commingling?

Upon acceptance of an offer, a broker may never:

Commingling is the opposite of:

Balancing a bank statement with a trust account is known as:

A listing broker can have any of the following agencies except:

An agency relationship would not be created by:

As to a broker's trust accounts, which of the following is true?

A broker buys a property he has listed:

Penny sues a licensee for damages resulting from dishonest conduct in a real estate dealing. The maximum she can collect is:

The Sherman Act prohibits all except agreements to:

Under the Business and Professions Code, which of the following is not grounds for revocation of license?

A broker may never:

A country real estate broker's office is in his home. His sign reads "John Jones-REALTOR". He lives 25 miles from a bank and makes trips twice a month to deposit funds in his trust account. He keeps deposits in his office safe until then. He does not belong to any profeessional organizations, but he pays a 17-year-old boy $5 for each listing. Jones is guilty of all but which of the following?

A broker who is on the city planning commission tells some friends about an advantageous deal based on confidential plans to change the zoning. The broker does not personally benefit in any way. The broker's action:

A broker sells an apartment building to a syndicate of which the broker is a member without informing the seller of this interest. Before closing, the owner discovers the broker's interest and refuses to sell. In a suit to collect a commission, the result would probably be:

A broker offered subagency to another agent. Which of the following is a true statement?

An agency agreement does not require: