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9 Cards in this Set
- Front
- Back
- 3rd side (hint)
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1. The Department of Real Estate regards real estate salespersons as ______ of their employing brokers. |
Employees |
A. Subcontractors B. Independent Contractors C. Employees D. Servants |
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2. Which law requires an environmental impact report (EIR) for projects that may have a significant effect on the environment? |
A. California Environmental Quality Act |
A. California Environmental Quality Act B. California Coastal Act C. Clean Water Act D. CERCLA Superfund |
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3. A "hold harmless" clause: |
A. Protects the broker and that the seller takes responsibility for information that the seller gives to the agent about the listing that is incorrect. |
A. Protects the broker and that the seller takes responsibility for information that the seller gives to the agent about the listing that is incorrect B. Release the agent from liability for any theft or damage during an open house C. States that the seller will pay the agent's attorney fees if the seller loses a legal dispute with the agent regarding payment of a commission. D. Contains a warranty that there are no undisclosed encumbrances against the property |
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4. The majority of all real state go into |
A. Residential resales |
A. Residential resales B. Mortgage brokering C. Commercial/ industrial brokerage D. Vacant land brokerage |
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5. As a real estate agent, what is your responsibility with respect to environmental issues? |
A. Recognizing potential hazards and recommending that your clients obtain expert advice. |
A. Recognizing potential hazards and recommending that your clients obtain expert advice. B. Making sure that an environmental impact statement is provided to the buyer C. Deciding what corrective action needs to be taken to solve the problem D. All of the above |
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Cha |
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6. When a Siberian buyer working in Torrance approached broker Jones, Jones arranged to show the buyer seven homes only in Monterey Park because she knew that there were many Siberian residents in the area. Smith's decision could be regarded as |
D. Steering |
A. Blockbusting B. Redlining C. Violation of 3rd amend. D. Steering
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7. Agent Guzman works for broker Jones. Guzman is therefore a subagent of broker Jones |
T- True |
T/F |
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Under California law, which of the following would not have to be disclosed as a latent defect? |
B. A person diagnosed with AIDS lived on the property |
A. The agent found indicating of flooding in the basement. B. A person diagnosed with AIDS lived on the property C. The property was the site of an illegal drug lab D. The roof of the house leaks |
