California Real Estate Paper 43

1

Who is responsible for disclosing material defects and material facts to the buyer?






2

A buyer moves into a seller’s property two weeks before escrow closes. The buyer would most likely be a(n)






3

The California Real Estate Recovery Account is designed to compensate victims of all but which of the following?






4

When a payment is made on behalf of a licensee from the recovery account, what must occur before the licensee’s license can be reinstated?






5

Which of the following activities would not require a real estate license?






6

A one-family home is sold “as is” by a homeowner. Which of the following disclosures will not be required?






7

How many members other than the commissioner are on the California Real Estate Advisory Commission?






8

The lead-based paint disclosure law requires






9

Disclosures of seismic hazards and earthquake fault areas are






10

Which of the following types of contracts need not be in writing?






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