California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

Practice this question and more.

A real estate broker operating a prepaid rental listing service is exempt from?

Need for any real estate license
Advertising regulations
Having a Prepaid Rental Listing Service (PRLS) license and the security bond requirement
Client confidentiality rules

The correct answer is: Having a Prepaid Rental Listing Service (PRLS) license and the security bond requirement

A real estate broker operating a prepaid rental listing service is not exempt from having a PRLS license and the security bond requirement, as this is a necessary requirement for providing such a service. Option A is incorrect because a real estate broker still needs a license to operate, even if they are only providing prepaid rental listings. Option B is incorrect because advertising regulations still apply to all types of real estate services, including prepaid rental listings. Option D is incorrect because client confidentiality rules also apply to all real estate transactions, regardless of the specific service being provided. Therefore, the only correct answer is C, as the other options do not accurately represent exemptions for operating a prepaid rental listing service.