California Real Estate Exam 200 Questions And Answers Set 04
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Terms in this set
200
The judge has just issued a decision for ethical violations of a real estate salesperson. What is the role of the California Real Estate Commissioner in the proceeding?
Dismiss the findings if the charges are not sustained at the hearing, as well as to reduce the proposed penalty and make an official decision.
Bill the broker received a very high offer on a piece of property from a buyer. Bill makes a low offer through a dummy purchase, or an accomplice who is not a buyer at all. Bill sells the property for the higher price. What's the violation?
Secret Profit
Katrina had her license suspended for making false promises to clients. She could never follow through with her statements and several complaints were filed. Which guidelines constitute most suspensions?
Sections 10176 and 10177 of Business and Professions Code
California licensing laws define which of the following:
Real Estate Brokerage, Handling Trust Funds, Managing Escrow Account
Which portion of the California Business and Professions Code consists of the subdivided lands law?
Part 2, Sections 11000 to 11200 of the Business and Professions Code
A Nevada real estate licensee has been advertising his services online to California citizens. Is this permissible?
It is not permissible to solicit California residents if you don't have a California real estate license.
A California licensee has been advertising on the Internet. She has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done?
She failed to indicate her license status in the ad.
Upon completion of this course, you should understand:
The facts regarding disclosure of commissions earned to all parties in a transaction, real estate taxes and special assessments, encumbrances (a claim against a property by another party. Encumbrance usually impacts the transferability of the property and can restrict its free use until the encumberance is removed), liens, easements (non-possessory right to use and/or enter onto the real property of another without possessing it), and encroachments (property owner violates the property rights of his neighbor by building something on the neighbor's land)
Which regulation apply to the use of the internet for advertising in California?
Commission's Regulation 2770
Where can Mike find the exam's purpose and requirements?
California Business and Professions Code Section 10153