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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In which situation must Broker A disclose his interest when selling property to Buyer B?

Broker A's brother-in-law owns the property, Broker A owns the property and Corporation C owns the property and Broker A is part owner of the corporation
Broker A has no direct or indirect interest in the property
Broker A has previously sold the property
Broker A is only the listing agent with no other interests

The correct answer is: Broker A's brother-in-law owns the property, Broker A owns the property and Corporation C owns the property and Broker A is part owner of the corporation

If Broker A's brother-in-law owns the property, it is considered a direct interest and must be disclosed. If Broker A owns the property, it is also a direct interest and must be disclosed. If Corporation C owns the property and Broker A is part owner of the corporation, this is considered an indirect interest and must also be disclosed. Options B, C, and D do not require Broker A to disclose any interests as there is no direct or indirect involvement in the property in those situations.