A Career in Real Estate

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

Sales tax would not be collected on:

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

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:

An unlicensed secretary in a real estate office can:

A fictitious name statement expires:

The least important element of goodwill is:

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

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

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

A certificate of resale is:

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

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

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

The most important element of goodwill is:

Balancing a bank statement with an account is known as:

A salesperson's commission is paid by:

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

Accounts payable are in the same accounting category as:

A three-month period for accounting applies to:

The term liabilities of a business refers to:

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

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.

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

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

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

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

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

A broker who uses a send-out slip:

Which of the following is true?

A real estate salesperson may not:

The term cash flow refers to:

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

A real estate broker's ad must include:

A balance sheet would not show:

An alcoholic beverage license will be issued:

Turnover refers to:

Which of the following incomes would be the highest?

To be enforceable, listings of business opportunities:

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

Which of the following is true?

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

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:

A valid bill of sale does not require:

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

An unlicensed assistant can properly:

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:

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

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

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

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

The ABC will not issue an alcoholic beverage license to:

A $6,000 fee is:

A balance sheet shows:

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

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

An unlicensed assistant can:

All of the following terms have something in common except:

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

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

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:

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

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

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

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

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.

The Bulk Sales Act is part of the:

A profit-and-loss statement would not include:

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

Accounts payable of a business would be:

Subtracting the cost of merchandise from gross sales gives:

The goodwill value of a business can be computed by:

Accounts payable on a balance sheet would show up as:

The California State Sales Tax is:

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

Dividing office overhead by the number of salespersons give:

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 notice required under the Bulk Sales Act need not include:

The Franchise Investment Law could best be described as:

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

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

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

Real estate licenses are issued for:

To sell franchise opportunities, a person must be:

A retailer can:

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

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

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

Terri does not require a real estate license if:

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

A broker may not:

A use tax is:

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

The Franchise Investment Law requires:

The term short-rate describes an:

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:

Which of the following cannot obtain an alcoholic beverage license?

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

To have any effect, a bill of sale must:

A balance sheet would show:

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:

An on-sale liquor license may be transferred:

The state Board of Equalization:

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

An advance-fee rental agent must:

The successor liability of a business refers to:

Since there are county and state sales taxes:

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

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

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

Turn-key project refers to:

Property sold in a bulk sale would be transferred by:

An advance fee is:

A liability of a business would be:

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:

The company dollar refers to the:

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

A business balance sheet might include all except: