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Real Estate Salesperson Exam — National Portion

Agency (CA): practice questions

Our Real Estate (National) bank has 8 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · California

What notice must a California listing agreement or deposit receipt contain about commissions?

  1. A 10-point boldface notice that commissions aren't fixed by law and may be negotiated
  2. That commissions are set by the DRE at 6%
  3. That the buyer pays all commissions
  4. Nothing about commissions
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A. A 10-point boldface notice that commissions aren't fixed by law and may be negotiated — Business and Professions Code §10147.5.

Question 2 · California

What must every California broker have with each salesperson and broker associate?

  1. A partnership contract
  2. A verbal understanding only
  3. A written agreement
  4. Nothing; it's optional
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C. A written agreement — Commissioner's Regulation 2726.

Question 3 · California

In California, when may one broker represent both buyer and seller?

  1. Whenever the broker chooses, without telling either party about it
  2. Never; it is always illegal
  3. Only for commercial property
  4. With the written consent of both parties (dual agency)
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D. With the written consent of both parties (dual agency) — Dual agency must be disclosed and agreed.

Question 4 · California

What must a California agent do if a party refuses to sign the agency disclosure receipt?

  1. Sign and date a written declaration of the facts of the refusal
  2. Sign for the party
  3. Nothing; the form is optional
  4. Cancel the transaction
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A. Sign and date a written declaration of the facts of the refusal — Civil Code §2079.15.

Question 5 · California

In a net listing in California, what does the broker earn?

  1. A flat fee set by the DRE
  2. Nothing unless the property sells above list
  3. Anything above the seller's agreed net price
  4. A fixed 6% of the price
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C. Anything above the seller's agreed net price — If proceeds don't exceed the net price, there is no commission.

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