Real Estate Agency

A real estate broker can be discliplined for:

The agency formed by an exclusive listing is:

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

A valid agency requires a(n):

The Sherman Act prohibits all except agreements to:

The Real Estate Law is part of:

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

When is a broker engaged in dual agency?

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

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

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

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

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 selling agent can be :

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

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 person may give a power of attorney to:

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

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

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

A principal would not be liable for torts of:

A broker buys a property he has listed:

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

A salesperson's business card must include:

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

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

The Real Estate Commission conducts hearings in accordance with the:

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

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

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 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.

The Business and Professions Code comes from:

Upon acceptance of an offer, a broker may never:

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

An attorney-in-fact cannot:

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

A transfer disclosure statement is required for:

The primary purpose of the Real Estate Law is to:

The Commissioner's regulations:

Commingling is the opposite of:

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

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

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

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

An agency relationship would not be created by:

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

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

If an agent is guilty of a tort, the:

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

A selling agent can elect to be:

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

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:

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

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

Disciplinary hearing for real estate licensees would be  conducted by:

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

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

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

A broker may never:

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

A listing broker may not be:

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:

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

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

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

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

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

California allows which type of agency?

The Real Estate Law comes from:

An example of a red flag would be: