1. Which of the following does NOT require a real estate license?

A. Selling real estate for others            C. Negotiating leases for others
B. Buying real estate for others            D. Selling your own real estate

2. The group, through its leader, that regulates real estate transactions is called the:

A. Department of Real Estate        C. CAR
B. NAR                                             D. Federal Government

3. Who has the power to revoke, restrict or suspend a real estate license?

A. California Legislature            C. CAR
B. NAR                                         D. Real Estate Commissioner

4. An unethical real estate office policy that keeps a listing “in house” for a period of time, in order to try to sell it first, is called a:

A. blind listing                    C. classified listing
B. pocket listing                   D. paid listing

5. A false advertisement (Section 10177 of the Business and Professions Code) that gives the impression that the agent is the owner of the property is called a:

A. blind advertisement                C. classified advertisement
B. pocket advertisement              D. paid advertisement

6. The predominantly black real estate trade association, whose members are known as Realtists, is the:

A. National Association of Realtors       C. California Association of Realtors
B. Local Board of Realtors                     D. National Association of Real Estate Brokers

7. Any licensee working in the real estate field must be a member of which group?

A. NAR                          C. NAREB
B. CAR                           D. No affiliation is necessary

8. How many hours of commissioner-approved continuing education must a salesperson or broker have in order to renew his or her four-year license?

A. 30 hours                        C. 45 hours
B. 40 hours                        D. 60 hours

9. A sale of a business (business opportunity) by a real estate agent can include which of the following?

A. Real estate                                   C. Goodwill
B. Personal property                        D. All of the above

10. The total liability of the recovery fund in any one transaction is:

A. $20,000               C. $30,000
B. $25,000                 D. $50,000

11. Who appoints the Real Estate Commissioner?

A. President                      C. State Senate
B. Governor                     D. State Assembly

12. Which of the following is FALSE concerning real estate licenses?

A. Brokers’ licenses are renewable
B. Salespersons’ licenses are renewable
C. All licensees must complete 45 hours of CE courses every four years
D. Conditional salespersons’ licenses must be renewed every 18 months

13. Any individual who wants to operate a real estate office must have:

A. a perfect credit rating       C. a broker’s license
B. a master’s degree             D. all of the above

14. According to the Business and Professions Code 10176, which of the following is NOT grounds for license revocation or suspension?

A. Misrepresentation C. No commissions earned for a year
B. False promises D. Commingling

15. What license is NOT issued by the Department of Real Estate?

A. Broker’s license                         C. Alcoholic Beverage license
B. Prepaid rental listing service     D. All of the above

16. In a sale of an existing business (Business Opportunity) the real property is transferred:

A. by deed                            C. through the Real Estate Commissioner’s office
B. by bill of sale                   D. None of the above

17. Which of the following is TRUE concerning the salesperson’s exam?

A. 150 multiple choice question test C. 3 hour exam period
B. 50% correct score to pass  D. all of the above

18. A “realtor” is a member of which trade association(s)?

A. Local Board of Realtors                     C. National Association of Realtors
B. California Association of Realtors     D. All of the above

19. The portion of the Business and Professions Code that refers to licensing and subdivisions is called:

A. Real Estate Recovery Law             C. Commissioner’s Regulations
B. Real Estate General Fund               D. California Real Estate Law

20. Which of the following is FALSE concerning the broker’s exam?

A. 200 questions                       C. $500 fee
B. five hours to complete         D. 75% correct answers to pass