Quiz 8 - Legal Aspects of Real Estate Lesson 8 Cumulative...

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Legal Aspects of Real Estate Lesson 8 Cumulative Quiz 1. The Department of Real Estate is headed by: A. the Commissioner, who is an appointed official 2. Which of the following is not an activity that requires a real estate license? A. Negotiating the sale of a business opportunity that does not include real property B. Selling one's own property on one's own behalf C. Soliciting borrowers or lenders in connection with loans secured by real property D. Soliciting prospective buyers or sellers of real property B 3. Of the following, who would need a real estate license? A. A mortgage loan broker who is not an employee of a financial institution or insurance company B. A trustee under a deed of trust who will conduct a foreclosure sale C. An attorney who needs to sell a property as part of administering a deceased client's estate D. An employee of a real estate broker who performs only clerical tasks A 4. Which of the following persons would need a real estate license? A. An attorney in fact appointed to enter into transaction on another person's behalf B. A corporate officer who buys property on behalf of the corporation C. A dealer in business opportunities D. A residential manager of an apartment complex C 5. Before a broker can use a fictitious business name, several requirements must be met. Which of the
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Quiz 8 - Legal Aspects of Real Estate Lesson 8 Cumulative...

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