California Real Estate Principles - Questions and Answers fully solved

California Real Estate Principles - Questions and Answers fully solved

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?
a. acceptable
b. mandated 

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