California Real Estate Paper 59

Which of the following buyer’s questions may a salesperson answer?

The maximum fine for an unlicensed person who practices real estate is

The seller of a commercial building with masonry construction and wood-frame floors built before what date would have to provide the buyer with a booklet entitled “Commercial Property Owner’s Guide to Earthquake Safety”?

If the buyer of a property in an earthquake fault zone receives a copy of the “Homeowner’s Guide to Earthquake Safety,” the broker

If a real estate agent is employed in the sale of a house that requires a lead-based paint disclosure, the agent should do all but which of the following?

Violations of the lead-based paint hazard disclosure requirements by a broker can result in

An agent has completed an inspection of a property she is selling and notes asbestos in the basement. She provides the buyer with the booklet entitled “Environmental Hazards: A Guide for Homeowners, Buyers, Landlords, and Tenants” and never mentions the asbestos specifically. Which of the following is true?

Owner A agrees to sell her property to Buyer B for $500,000 any time within the next year if Buyer B wishes to proceed with the sale. This is an example of a(n)

Which of the following is not one of the requirements for a valid real estate sales contract?

Buyer A loses his job after he has signed an agreement to buy a piece of property. Because he can longer afford to buy the property by himself, he finds someone who will share the purchase price. The seller agrees to sell the property to the two buyers. What would the substitute contract be called?