UNIT 7 QUIZ
Real Estate Practice
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1. Question1 point(s)
California law specifically states a real estate broker mayCorrectIncorrect
2. Question1 point(s)
The general qualifications to obtain a California real estate license stateCorrectIncorrect
3. Question1 point(s)
Under the general education requirements to obtain a California real estate salesperson license, an individual mustCorrectIncorrect
4. Question1 point(s)
Under California law, members of the state bar who want to obtain a California real estate license areCorrectIncorrect
5. Question1 point(s)
Unless exempted under the law, to take the California real estate broker’s license exam an individual must have experience as a full-time California licensed salesperson forCorrectIncorrect
6. Question1 point(s)
The California Association of REALTORS® Purchase Agreement and Joint Escrow Instructions calls for a loan contingency to be removedCorrectIncorrect
7. Question1 point(s)
Under “Truth in Lending Disclosure” law, a borrower obtaining a loan subject to its provisions must obtain a revised TIL from the lender if the originally disclosed rate is increased by .125% or greater and must wait an additionalCorrectIncorrect
8. Question1 point(s)
By law, both smoke alarms/detectors and carbon monoxide devices are required to be installed inCorrectIncorrect
9. Question1 point(s)
Under California law, a beneficiary acquiring a property through foreclosure and who is the seller in an escrow transactionCorrectIncorrect
10. Question1 point(s)
Under federal law, the buyer must be given a booklet prepared by the government regarding the possibility of lead-based paint if residential one-to-four units and built before 1978, and be givenCorrectIncorrect