California Real Estate Salesperson

A legal description starts at a point of beginning, follows measured directions and distances, and returns to that point. Which description method is being used?

Which land characteristic is the usual basis of riparian water rights in California?

Which statement about acquiring California land by adverse possession is generally correct?

In a real estate agency relationship, who is the principal?

A broker is authorized to market and negotiate the sale of one property for an owner. This limited transaction authority is commonly an example of what?

A seller and broker sign a listing agreement that states the broker's services and authority. How was this agency most clearly created?

An owner learns all material facts about an agent's unauthorized transaction and voluntarily adopts the transaction. Which agency concept may apply?

A principal's conduct reasonably leads a third party to believe someone has authority to act for the principal. Which concept is most relevant?

A listing agent can earn a secret personal benefit by recommending an inferior offer. Which fiduciary obligation is most directly threatened?

A buyer privately tells the buyer's agent the maximum price the buyer is willing to pay. May the agent freely share it with the seller to speed negotiations?

A seller orders the listing agent to hide a known recurring roof leak from prospective buyers. What should the agent do?

A brokerage proposes representing both buyer and seller in the same sale. What is essential for lawful disclosed dual agency?

In a California dual agency, the seller privately states a lower price the seller would accept. What should the dual agent do without express permission to disclose it?

A licensee is selling a property owned by an LLC in which the licensee has a financial interest. What is the appropriate practice?

A salesperson negotiates a transaction while affiliated with an employing broker. Which statement best describes the salesperson's professional role?

A broker receives a buyer's earnest-money check. Which fiduciary responsibility is most directly involved in accurately tracking and safeguarding it?

A salesperson is uncertain whether a claimed addition was properly permitted. Which response best reflects reasonable care?

A listing agent receives another offer while one offer is being negotiated. What is the appropriate general practice, absent a lawful contrary instruction or agreement?

A buyer asks what commission rate California law requires for a residential sale. Which answer is correct?

Competing independent brokers agree that none will accept listings below a particular commission rate. What concern does this raise?