Blog

76. Regulations regarding the allowance of service dogs in rentals can be found under the: a. Rules of the Real Estate Commissioner.b. Americans with Disabilities Act.c. 4th Amendment to the Constitution.d. California Rental Law.

88. Most property owners move on an average of every: a. 6 to 8 months.b. 6 to 8 years.c. 20 to 30 years.d. 30 to 40 years.

97. Which of the following lenders makes the majority of its funds available for short-term, high-interest loans like credit cards and automobile loans? a. Savings banksb. Commercial banksc. Life insurance companiesd. None of the answers are correct

92. When selling real estate, the MOST effective form of communication is: a. direct contact (face-to-face).b. by letter (one-way).c. by telephone (two-way).d. none of the answers are correct.

63. The Real Estate Settlement Procedures Act (RESPA) covers the sale of: a. 16 or more units.b. one- to four-residential units.c. only income producing property.d. none of the answers are correct.

58. Escrow companies use a base month of: a. 28 days.b. 30 days.c. 31 days.d. any of the answers are correct.

73. What does the term “bifurcated” mean?a. Multipliedb. Marginalizedc. Pacifiedd. Divided  

34. Which of the following forms does the seller NOT receive a copy of in the CAR® Listing Agreement Package? a. Residential Listing Agreement (RLA)b. Seller’s Advisory (SA)c. Possible Representation of More Than One Buyer or Seller – Disclosure and Consent (PRBS)d. California Residential Purchase Agreement and Joint Escrow Instructions (RPA-CA) 

96. An escrow holder can be: a. a corporation.b. an attorney.c. a real estate broker acting as the agent in a transaction.d. all answers are correct.  

70. An “open house” is a planned period of time during which a property for sale: a. is held open for public viewing.b. can be shown only to licensed brokers.c. is withheld from placement with a multiple listing service.d. none of the answers are correct.