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!

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How can a buyer's agent receive compensation?

From the seller or the buyer only if he becomes a dual agent.
From the seller only.
From the buyer only.
From both the buyer and seller without conditions.

The correct answer is: From the seller or the buyer only if he becomes a dual agent.

When a buyer's agent becomes a dual agent, they are representing both the buyer and the seller in the transaction. In this scenario, the buyer's agent will receive compensation from both parties. However, if the agent is only representing the buyer or seller exclusively, they will only receive compensation from that party. Therefore, options B and C are incorrect because they do not include the possibility of a dual agent situation. Option D is incorrect because there are conditions (being a dual agent) for the agent to receive compensation from both parties.