CALIFORNIA: REAL ESTATE PRINCIPLES FINAL EXAM

CALIFORNIA: REAL ESTATE PRINCIPLES FINAL EXAM
Question (1): The Real Estate Law is found in the
a. Licensing Code
b. Business and Professions Code
c. Health and Safety Code
d. Corporations Code
CORRECT ANSWER: Business and Professions Code
Question (2): The Real Estate Commissioner reports to the
a. California Bureau of Real Estate
b. governor
c. Real Estate Advisory Commission
d. legislature
CORRECT ANSWER: governor
Question (3): Salesperson Sam owns 25% of the outstanding
shares of Rollo Realty, Inc., and broker Barbara Rollo owns
the remaining shares. This division of ownership is? 

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