Real Estate Licensing Prep I
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Questions and Answers

The Commission issues a license to a salesperson after:

  • The person has at least 6 years sales experience.
  • The person is 25 years old.
  • The person has finished 3 classes.
  • The person has met all the requirements for a license. (correct)

The Education Standards Advisory Committee is made up of:

  • 12 members (correct)
  • 13 members
  • 9 members
  • 14 members

A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership of:

  • A mortgage
  • Personal property (correct)
  • A deed of trust
  • A house and 2 acres of land

Annual plants are called fructus industriales or emblements and are:

<p>Personal property (B)</p> Signup and view all the answers

When someone owns property to the exclusion of all other persons, this person is said to hold the property in:

<p>Severalty (B)</p> Signup and view all the answers

A person who owns a property in severalty:

<p>Is the sole owner of the property (B)</p> Signup and view all the answers

Price-fixing, boycotting, and allocation of customers or markets are violations of:

<p>Antitrust acts (D)</p> Signup and view all the answers

An agency relationship is always created at the:

<p>Broker level (A)</p> Signup and view all the answers

When the broker represents both the seller and buyer in the same transaction, the broker is acting as:

<p>Intermediary (C)</p> Signup and view all the answers

Discrimination in housing on the basis of race is prohibited by:

<p>Civil Rights Act of 1866 (D)</p> Signup and view all the answers

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