Question 1
A California real estate broker discovers that a salesperson in their office deposited a $5,000 earnest money check into the salesperson's personal account instead of the broker's trust account. What violation has occurred?
Correct Answer:
Both commingling and conversion
Question 2
Under California law, how often must a broker reconcile trust fund records with the bank statement?
Correct Answer:
At least once a month in months with trust account activity
Question 3
A broker maintains a trust account at First National Bank. What is the maximum amount of the broker's own funds that may be kept in the trust account to cover bank charges?
Correct Answer:
$$200
Question 4
When conducting a DRE trust fund audit, an auditor finds that a broker's trust account is short $3,200. The broker claims a bookkeeping error. What is the MOST LIKELY consequence?
Correct Answer:
Citation and fine up to $10,000, plus possible formal hearing
Question 5
A California broker receives a $10,000 earnest money deposit on a Thursday. By what day must the funds be deposited into the trust account?
Correct Answer:
Within 3 business days (by the following Tuesday)
Question 1
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About this Exam

Prepare with the CA RE Broker Practice Questions - California Real Estate Broker Exam practice quiz. This question bank includes 100 questions covering broker, california, property, trust, and real. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CA RE Broker Practice Questions - California Real Estate Broker Exam

This practice set contains 100 questions from the matching question bank and focuses on broker, california, property, trust, and real. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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