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.

To legally collect a fee for selling someone's house, you must be?

A certified accountant
A licensed real estate broker
A legal representative
The homeowner

The correct answer is: A licensed real estate broker

To legally collect a fee for selling someone's house, you must be a licensed real estate broker. Real estate brokers are professionals who have completed the necessary education and licensing requirements to represent clients in real estate transactions. It is illegal in California to collect a fee for real estate services without a proper real estate license. This license ensures that the individual has the knowledge and expertise required to facilitate real estate transactions in a legally compliant manner. In contrast, the other options are not correct. A certified accountant typically deals with financial matters and taxes, not real estate transactions. A legal representative may assist with legal matters but is not the same as a licensed real estate broker. The homeowner is the owner of the property and would not receive a fee for selling their own property.