Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CARE Prin. Ch. 3-Q

Real Estate Agency Questions

An agency formed by an exclusive listing is An Express agency
Trust funds received by a brokers must be Deposited in a trust account within three business days
The maximum amount that a person can recover from the Real Estate Consumer Recovery Account after he or she has obtained a judgment against a licensee is $50,000
The first action of the Real Estate Commissioner, prior to disciplinary action against a licensee would be An accusation
A listing broker may not be The sole agent of the buyer
A valid real estate listing requires a(n) Express agreement
A contract for the sale of residential property includes a general “as is” provision. This provision Applies only to visible and known conditions
In a real estate transaction, a broker represents only the buyer. This would be an example of what type of agency Single agency
Before a real estate licensee is revoked, the license is entitled to a Hearing in accordance with the Administrative Procedures Act
A disciplinary hearing for real estate licensees would be conducted by An administrative law judge
The Real Estate Law is part of The business and Professions Code
Penny sues a licensee for damages resulting from dishonest conduct in a real estate dealing. What is the maximum she can collect No limit. The limit is the liability of recovery fund.
From a legal perspective there is less risk to agents if they remain in what type of agency Single
Most real estate agents prefer to be what type of agent which attempts to find a buyer for other broker’s listings? Cooperating Agent
Who will pay commission to the agent if the seller is not willing to pay it The Buyer
Who is not able to contract directly with the principal The salesperson (real estate agent)
A broker and real estate agent’s relationship is like to that of an Employer and employee
IRS Form 1099 would be used by a broker to report A salesperson’s earnings (for income tax)
A seller sold property “as is.” The broker knew the plumbing was in bad repair but did not inform the buyer. Who can the buyer sue? The broker
When may a broker accept a commission from both buyer and the seller If both parties consent
Created by: cobiagwu
Popular Real Estate sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards