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A salesperson who wishes to become a real estate broker must have which of the following?


A) eight required real estate courses
B) two years' full-time experience as a real estate salesperson, or its equivalent
C) pass a 200 question broker examination
D) all of the above

E) A) and C)
F) A) and D)

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A gambrel roof would most likely be found on a


A) Contemporary
B) barn
C) Mediterranean
D) Victorian

E) A) and D)
F) A) and C)

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Required real estate courses may be taken at which of the following institutions?


A) accredited community colleges
B) accredited California universities
C) some private vocational schools that have acquired formal approval from the Real Estate Commissioner
D) all of the above

E) B) and C)
F) All of the above

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A real estate broker's license is issued for:


A) 2 years
B) 4 years
C) 6 years
D) life

E) None of the above
F) A) and B)

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What is not a factor to consider when to determine investment potential?


A) Risk
B) Liquidity
C) Carpet quality
D) Management requirements

E) None of the above
F) B) and D)

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A candidate for the real estate broker's examination must:


A) be 21 years or older
B) have completed 8 college-level real estate courses
C) have at least 4 years' experience as a real estate salesperson
D) be a resident of California

E) B) and C)
F) A) and B)

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The maximum time allowed an applicant to take the salesperson's examination is:


A) five hours
B) one and one-half hours
C) three hours and 15 minutes
D) as long as the applicant wishes to take

E) A) and B)
F) A) and C)

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Members of the National Association of Real Estate Brokers are called:


A) Realtors
B) Realtists
C) MAI
D) RECI

E) A) and B)
F) A) and C)

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Which of the following is correct?


A) there are no continuing education requirements for the salesperson's license
B) examination prep courses satisfy continuing education requirements for license renewal
C) no transcripts, approval numbers or certificates are required to verify course requirements for license renewal
D) all of the above are incorrect

E) B) and D)
F) All of the above

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Before purchasing a house, a person must decide whether to rent or buy. In considering the pros and cons, which would be considered an advantage of owning rather than renting?


A) tax deductions
B) possible appreciation
C) control
D) all of the above

E) B) and D)
F) C) and D)

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What portion of the building do the upright beams, known as studs, rest upon?


A) collar beam
B) floor joist
C) fire stops
D) sole plate

E) B) and C)
F) A) and C)

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The Real Estate Commissioner's Regulations apply to:


A) REALTORS® only
B) REALISTS® only
C) real estate brokers only
D) all California real estate licensees

E) B) and C)
F) A) and D)

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Commission rates for real estate agents are established by:


A) the Real Estate Commissioner
B) local boards of real estate
C) multiple listing organizations
D) negotiations

E) A) and B)
F) B) and D)

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All registration fees on the transfer of title to a mobile home must be paid within:


A) 5 days
B) 10 days
C) 15 days
D) 30 days

E) B) and D)
F) B) and C)

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If an applicant fails an examination, he or she:


A) may not apply for a re-examination at any time
B) must wait a reasonable time after failure notice to apply
C) may apply for a re-examination immediately after notification of failure
D) is limited as to the number of times that an examination may be taken

E) All of the above
F) A) and D)

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After first obtaining a real estate sales license, said licensee must take how many DRE core three-hour approved continuing education courses in order to renew their license?


A) 3
B) 4
C) 5
D) 6

E) C) and D)
F) A) and C)

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The Real Estate Law exempts some people from needing a real estate license. Which of the following are not exempt?


A) onsite resident managers of apartment buildings
B) clerical employees of lending institutions
C) any person who receives compensation (commission) for performance of an act defined within the realm of a salesperson's licensing
D) attorneys while practicing law

E) B) and C)
F) A) and D)

Correct Answer

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To obtain a broker's license, a person must:


A) Be 25 years of age
B) Score 80% or higher on the broker's exam
C) Hold a salesperson's license for two years
D) Hold a salesperson's license for one year

E) None of the above
F) A) and D)

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Which of the following is a license issued by the California Real Estate Commissioner?


A) corporate real estate license
B) appraisal license
C) escrow license
D) two of the above are correct

E) A) and D)
F) A) and C)

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