Chapter 1 (Class) Quiz: A Career in Real Estate

Question 1

Which of the following does NOT require a real estate license?

a. selling real estate for others
b. buying real estate for others
c. negotiating leases for others
d. selling your own real estate

Answer 1

d. selling your own real estate

Question 2

Who has the power to revoke, restrict, or suspend a real estate license?

a. California Governor
b. NAR
c. CAR
d. Real Estate Commissioner

Answer 2

d. Real Estate Commissioner

Question 3

Any licensee working in the real estate field must be a member of which trade group?

a. NAR®
b. CAR®
c. NAREB®
d. no affiliation with a trade group is legally required

Answer 3

d. no affiliation with a trade group is legally required

Question 4

How many hours of commissioner-approved continuing education must a salesperson or broker have in order to renew his or her four-year license?

a. 30 hours
b. 40 hours
c. 45 hours
d. 60 hours

Answer 4

c. 45 hours

Question 5

The group, through its leader, that regulates the real estate trade in California is called the:

a. California Division (or Bureau) of Real Estate
b. NAR®
c. CAR®
d. Federal Government

Answer 5

c. CAR®

Question 6

Who appoints or selects the California State Real Estate Commissioner?

a. President
b. Governor
c. State Senate
d. State Assembly

Answer 6

b. Governor

Question 7

Any individual who wants to operate a real estate office must have:

a. a perfect credit rating
b. a master’s degree
c. a broker’s license
d. all of the above

Answer 7

c. a broker’s license

Question 8

Which of the following is TRUE concerning the salesperson’s exam?

a. it has 150 multiple-choice questions
b. you need a score of 50% or better to pass
c. it is a 3-hour exam period
d. all of the above

Answer 8

a. it has 150 multiple-choice questions

Question 9

Which of the following is FALSE concerning real estate licenses?

a. brokers’ licenses are renewable
b. salespersons’ licenses are renewable
c. all licensees must complete 45 hours of continuing education courses every four years
d. real estate licenses are valid for the life of the licensee

Answer 9

c. all licensees must complete 45 hours of continuing education courses every four years

Question 10

A REALTOR® is a member of which trade association?

a. Local Board or REALTORS®
b. California Association of REALTORS®
c. National Association of REALTORS®
d. any of the above

Answer 10

c. National Association of REALTORS®