Real Estate Agency

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

A selling agent can be :

If an agent is guilty of a tort, the:

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 listing broker can have any of the following agencies except:

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

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

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

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

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

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

A person may give a power of attorney to:

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

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

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

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

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

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

The Commissioner's regulations:

An example of a red flag would be:

A salesperson's business card must include:

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

Upon acceptance of an offer, a broker may never:

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

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.

The agency formed by an exclusive listing is:

A listing broker may not be:

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:

The primary purpose of the Real Estate Law is to:

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

An agency relationship would not be created by:

A real estate broker can be discliplined for:

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

A selling agent can elect to be:

The Real Estate Law is part of:

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

A broker may never:

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

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

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

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:

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

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:

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:

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:

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

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 principal would not be liable for torts of:

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

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

The Real Estate Law comes from:

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

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

When is a broker engaged in dual agency?

Disciplinary hearing for real estate licensees would be  conducted by:

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

The Business and Professions Code comes from:

The Real Estate Commission conducts hearings in accordance with the:

A transfer disclosure statement is required for:

Commingling is the opposite of:

A valid agency requires a(n):

An attorney-in-fact cannot:

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

A broker buys a property he has listed:

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

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

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.

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

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:

An agency agreement does not require:

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

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

California allows which type of agency?

The Sherman Act prohibits all except agreements to: