Ca Real Estate Broker Exam Questions & Answers

When the supply of houses goes up and the demand stays the same, what will likely happen to house prices? {Ans: Prices go down.}How long may a deposit generally be held before an offer is accepted before it must be deposited in the broker's trust fund? {Ans: indefinitely}A house is being sold by a real estate broker on behalf of a homeowner. The basement leaks every time there's more than an inch of rain. The house is on a substandard-size lot, which will require a zoning variance to make any additions. The school district is rated in the bottom half of all districts in the state. And the furnace is 20 years old. Which of the following statements is least likely to be considered fraudulent misrepresentation? {Ans: This house is in a great school district.}What would constitute a real estate license law violation? {Ans: commingling client's and broker's funds, neglecting to secure informed seller consent when combining an option with a listing agreement or undisclosed duel agency}A testator who dies testate has no need of {Ans: the laws of intestate succession.}Which of the following will not cause a cloud on the title to real estate?