A Career in Real Estate

A broker may not:

Goodwill costs for an on-sale or off-sale general alcoholic beverage license less than five years old cannot exceed:

General liquor licenses less than five years old cannot be resold for more than:

An on-sale liquor license may be transferred:

As to a business, which of the following is false?

A fictitious name statement expires:

After publication has been made of a sale, the earliest the business can safety be sold is:

Sales tax would not be collected on:

Phil pays the Department of Alcoholic Beverage Control $6,000.

A salesperson's commission is paid by:

Since there are county and state sales taxes:

An unlicensed assistant can properly:

A real estate salesperson may not:

A prospective renter paid $300 for a list of rentals. Since a rental was not obtained, the prospective renter asked for the return of the fee seven days later. The agent must return:

A use tax is:

A salesperson leaves a broker. The broker must notify the Real Estate Commissioner:

Dividing office overhead by the number of salespersons give:

Balancing a bank statement with an account is known as:

The goodwill value of a business can be computed by:

The term short-rate describes an:

You must have a sales tax permit if you are going to:

Turn-key project refers to:

A broker who uses a send-out slip:

The Bulk Sales Act is part of the:

By checking a profit and loss statement, you would find:

The most reliable income figure for a grocery store that is for sale would be:

A valid bill of sale does not require:

All of the following terms have something in common except:

A retailer can:

Real estate licenses are issued for:

George manages and leases five separate properties for an out-of-state owner, getting an apartment furnished at one of the locations as part payment for the work.

The Franchise Investment Law requires:

Terri does not require a real estate license if:

A liability of a business would be:

Robert, a developer who is unlicensed, hires Yvonne, a broker, to sell his property. While Yvonne is out of town, Robert shows property, quotes prices, and makes sales.

Subtracting the cost of merchandise from gross sales gives:

Accounts payable on a balance sheet would show up as:

Liquidity of a firm would be best described as the ratio of:

The California State Sales Tax is:

Advance-fee broker advertising must be submitted to the Real Estate Commissioner __ days prior to use.

A large feed wholesaler wishes to sell 100,000 pounds of bulk feed to a dealer. He or she should comply with:

A $6,000 fee is:

A balance sheet shows:

A balance sheet would show:

A right to use a marketing plan would be described as a(n):

A real estate license was issued for only 150 days. The reason for this license period was that:

The least important element of goodwill is:

Which of the following is true?

An unlicensed secretary in a real estate office can:

Which of the following would not be transferred by a bill of sale?

A real estate broker's ad must include:

Walter, a broker in California, pays a commission to Rita, a broker in Wisconsin who sent him a client.

The financing statement for personal property in the sale of the business would most likely be filed with the:

The notice required under the Bulk Sales Act need not include:

A person passing the real estate examination must apply for a license within:

Roland, a broker, makes a sale. His license is later revoked. After a revocation, escrow is completed.

Which of the following needs a real estate license?

An advance-fee rental agent must:

Turnover refers to:

The successor liability of a business refers to:

An unlicensed assistant can:

To obtain a real estate broker's license under the law, which of the following is required?

Sales taxes normally are required to be remitted to the state Board of Equalization:

To sell franchise opportunities, a person must be:

Which of the following properties is likely to have the highest degree of liquidity?

To have any effect, a bill of sale must:

Jane purchases a car in Oregon and wishes to license it in California. She is going to be taxed. This tax based on value is:

An auctioneer who sells at auction and fails to comply with the Bulk Sales Act:

In considering a community shopping center, a developer would be most interested in:

A business owner fails to remit $1,000 in collected sales tax in a timely manner. He is also guilty of fraud. The maximum penalty he can be assessed is:

A broker's salespeople are under contract as independent contractors rather than employees. By doing so the brokers will save out of pocket expenses relating to:

When a business is being sold, the term successor liability may become inportant. Real Estate brokers know that this term incolves certain obligations to the:

Compliance with the Bulk Sales Act requires publication at least 12 days prior to the sale in:

The most important element of goodwill is:

The term cash flow refers to:

A profit-and-loss statement would not include:

Accounts payable are in the same accounting category as:

The term liabilities of a business refers to:

Which of the following is true?

A balance sheet would not show:

A certificate of resale is:

A listing of buildings and outbuildings would most likely be required for a:

What a person pays to develop a property is known as:

To serve process on a nonresident California licensee who is not in California, a person would serve upon:

Notice of intent to engage in the sale of alcoholic beverages must be posted on the premises for at least:

State sales tax on the fixtures of a business being sold would never be:

Which of the following indicates an organization of brokers founded in 1947?

The acid-test ratio for cash on hand (includes securities readily converted to cash) to current liabilities is:

A detailed listing of the physical assets of a business would be found in a(n):

Property sold in a bulk sale would be transferred by:

Colonel Cluck wishes to open franchise stores in California. They have had 25 franchises operating for five years in Arizona. Their net worth is in excess of $5,000,000. They must:

One year ago, Judy received an on-sale general liquor license from the state. She wishes to sell to Greg. The most she can get for the license is:

The Franchise Investment Law could best be described as:

Which of the following cannot obtain an alcoholic beverage license?

Notice of an intended sale of a business is recorded and published a day prior to sale. The sale is:

In a sale of a business, sales tax would not be paid on:

The state Board of Equalization:

A three-month period for accounting applies to:

As to the sale of a business in which the Bulk Sales Act Requirements have not been met, which of the following is true?

The maximum sale price for resale of a general off-sale license originally issued in July 1, 1959, when the current owner has had the license for only one year, is:

Which of the following incomes would be the highest?

One year after his real estate license expired, Henry renewed the license. Which of the following is a true statement?

If you were planning a suburban shopping center, one of the first things you would consider is:

Accounts payable of a business would be:

A licensee with a restricted license may be restricted by the Commissioner as to:

An advance fee is:

The least desirable business in a shopping center would be a:

The capital turnover of a real estate investor is __ that of the average vendor.

In choosing a location for an office a broker should be most interested in:

An alcoholic beverage license will be issued:

The company dollar refers to the:

A liquor license must be put in use within __ days of initial issuance.

The license of a salesperson working at a branch office is held:

The ABC will not issue an alcoholic beverage license to:

A business balance sheet might include all except:

For a fee, Thomas offers to assist Sara in leasing and/or purchasing federal land.

To be enforceable, listings of business opportunities:

Licensees for on-sale and off-sale alcoholic beverage licenses must be fingerprinted, with the exception of:

Which of the following would be concerned with obtaining a clearance receipt in the sale of a business?

Requirements for licensing as a real estate salesperson includes all except: