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78. Which of the following would best describe an open listing? a.  Bilateral contract                 b.  Illegal in California    c.  Nonexclusive d.  Exclusive

64. In real estate, the person who acts for and with the authority of another is called a(n): a.  agent.   b.  principal.         c.  buyer. d. third party.

80. The “Purchase Agreement Package” includes which of the following forms? a.  Disclosure Regarding Real Estate Agency Relationship (AD)                        b.  Buyer’s Inspection Advisory (BIA)             c.  Wire Fraud and Electronic Funds Transfer Advisory (WFA) d.  All of the answers are correct

93. Which of the following is NOT usually prorated in escrow? a.  Rents                       b.  Title insurance           c.  Property taxes d.  Interest

41. Of the following, who is permitted to purchase property in California without court approval? a.  Convicts          b.  Minors  c.  Incompetents d.  Foreign persons (aliens)

75. How many square feet are in an acre? a.  345       b.  100,000           c.  435 d.  43,560

100. The bottom portion lining a doorway or window is the: a.  joist.                   b.  sill.                               c.  ridge board.           d.  flashing.

91. Real property subject to a lien is referred to as: a.  attached.         b.  restricted.        c.  encumbered. d.  all of the answers are correct.

28. The closing date is: a.  always on the first day of the month.         b.  the date the documents are recorded.       c.  due before the payoff demand statement. d.  the date the listing agreement is signed.

96. An outdated kitchen would be an example of: a.  functional obsolescence.                       b.  functional depreciation.                                c.  economic obsolescence. d.  none of the answers are correct.