Ca Real Estate Exam 2024 Practice Questions Questions And Correct Answers | Verified |latest Update

Betzy is working with buyers under a written buyer's agency agreement. The buyers decide they want to purchase a home that Betzy has listed. If Betzy does not obtain permission in writing from all parties to represent both parties she would create: Single agency Dual agency Specific agency Undisclosed dual agency {Ans: Undisclosed dual agency All parties to a contract must agree in writing to the dual agency.}After a contractor has filed a mechanic's lien, he may enforce it by filing suit within what time period? 120 days 1 month 6 months 90 days {Ans: 90 days}The usual listing contract authorizes a broker to: Convey the real property that is the subject of the listing Find a purchaser and bind his principal to a contract to sell Assure a prospective purchaser that an offer meeting the terms of the listing will be accepted by his principal Find a purchaser and accept a deposit with an offer to purchase {Ans: Find a purchaser and accept a deposit with an offer to purchase.}Terry received a conventional 30 year loan to purchase his home. Thanks to some large extra payments Terry will have his home paid for in only 17