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27 Cards in this Set
- Front
- Back
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If a licensee is guilty of conversion, he or she is someone who is:
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Misappropriating the funds of client
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A real estate salesman went into a neighborhood to obtain listings of residential property.
He made representations that, because of the entry into the neighborhood of minority groups, property values would be reduced (due to a decline in the quality of schools, coupled with an increase in the crime rate). These practices by the salesman are: |
Grounds for disciplinary action
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What is a REALTOR®?
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A real estate licensee who is a member of the National Association of
REALTORS®. |
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The initial term of all California real estate licenses is:
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Four years
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The majority of California laws relating to real property are created by which of the
following? |
The Business and Professions Code
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Which of the following has a meaning most completely opposite of Commingle?
A. Trust fund B. Conversion C. Segregate D. Mingle |
C. Segregate
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Of the following, which is not a penalty that the Real Estate Commissioner is authorized to
issue against an offending licensee? A. Reimbursing the Recovery Account Fund B. Paying a fine C. Serving jail time D. Attending specific real estate classes |
C. Serving jail time
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Unlawful Conduct as set forth in the Commission’s Regulations is best described as:
A. Acts which are not grounds for disciplinary action by DRE B. Not an actual act but a statement of duties imposed by law C. Specific acts and omissions which do violate existing law and are grounds for disciplinary action D. Acts which are set as guidelines |
C. Specific acts and omissions which do violate existing law and are grounds for
disciplinary action |
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Which of the following is not considered unethical conduct?
A. Failing to disclose to a purchaser a direct or indirect ownership interest of the licensee in the property B. Failing to respond to reasonable inquiries of a principal as to the extent of efforts to market property listed with the licensee C. Making a modification to the terms of a contract previously signed by a party with out the knowledge and consent of the party D. Representing that a service is free, when in fact, it is covered by a fee to be charged as part of the transaction |
B. Failing to respond to reasonable inquiries of a principal as to the extent of efforts to
market property listed with the licensee |
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What is the fine for a corporation, which receives an illegal commission?
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B. $50,000
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11. The power of the state to enact laws in order to promote the order, safety, health and
general welfare of the public. |
B. Police Power
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Making statement that exaggerates a property’s benefits is called
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Puffing
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All broker candidates must be at least what age?
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18
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Acting for more than one party in a transaction without knowledge or consent of all parties
thereto is best described as A. Divided Agency B. Collusion C. Commingling D. Conspiracy |
A. Divided Agency
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To become truly successful in the real estate business, one should:
A. Attain as high a level of academic education as possible B. Take as many courses in real estate as one can find C. Continually educate oneself throughout one’s career D. All of the above |
D. All of the above
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How many classes are required of a broker candidate before he or she is eligible to sit
for the state exam? |
8
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A broker persuades a Caucasian family to list their home for sale by telling them that non
white people are moving into the area and that this may reduce property values. Such persuasion is considered all of the following, except: A. Blockbusting B. Encouragement of panic selling C. Legal but unethical D. Illegal conduct |
C. Legal but unethical
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What is the experience requirement for becoming a real estate broker?
A. Candidate must be a real estate agent for 2 years B. Candidate must have a 4-year degree C. Candidate must be a member of the California Bar Association. D. Any of the above. |
D. Any of the above.
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Commingling of funds is:
A. Misappropriating and using of funds B. Mixing the broker’s funds with funds of the principal C. More serious of an offense than conversion D. All of the above |
B. Mixing the broker’s funds with funds of the principal
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Who appoints the Real Estate Commissioner?
A. Governor B. State Legislators C. California Association of Realtors D. Both A and B |
D. Both A and B
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Representing more than one party in a transaction without the knowledge or consent of
all other parties is best described as: A. Divided Agency B. Collusion C. Commingling D. Conspiracy |
A. Divided Agency
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To become truly successful in the real estate business, one should:
A. Attain as high a level of academic education as possible B. Take as many courses in real estate as possible C. Educate oneself throughout one’s career D. All of the above |
D. All of the above
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How many classes are required of a broker candidate before he or she is
eligible to sit for the state exam? A. 5 B. 3 C. 8 D. None of the above |
C. 8
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Unlawful Conduct as set forth in the Commission’s Regulations is best described as:
A. Acts which are not grounds for disciplinary action by DRE B. Not an actual act, but a statement of duties imposed by law C. Specific acts and omissions, which violate existing law and are grounds for disciplinary action D. Acts which are set as guidelines |
C. Specific acts and omissions, which violate existing law and are
grounds for disciplinary action |
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Commingling of funds is:
A. Misappropriation and use of funds B. Mixing broker’s funds with those of the principal C. More serious an offense than conversion D. All of the above |
B. Mixing broker’s funds with those of the principal
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Who appoints the Real Estate Commissioner?
A. Governor B. State Legislators C. California Association of Realtors D. Both A and B |
D. Both A and B
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A broker persuades a Caucasian family to list their home for sale by telling them that
non-white people are moving into the area, and that this may reduce property values. Such persuasion is considered all of the following, except: A. Blockbusting B. Encouragement of panic selling C. Legal but unethical D. Illegal conduct |
C. Legal but unethical
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