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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The time frame for disclosure of agency relationships is?

After a transaction is completed
Before any documents are signed
As soon as it is practicable
At the time of property listing

The correct answer is: As soon as it is practicable

Disclosure of agency relationships occurs as soon as it is practicable, meaning as soon as it is possible for the agent to disclose the relationship to the involved parties. Options A and B are incorrect because they are not in line with this time frame. Option A suggests disclosing the relationship only after the transaction is completed, which can be too late and jeopardize the transaction. Option B suggests disclosing the relationship before any documents are signed, which can be unfair and potentially disadvantageous for the agent. Option D is incorrect because it suggests disclosing the relationship only at the time of property listing, which may not always be practicable.