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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When must a real estate salesperson be licensed to receive a commission?

  1. At the time of listing the property

  2. At the time of the transaction

  3. After the transaction is completed

  4. Before the property is listed

The correct answer is: At the time of the transaction

Real estate salespersons must be licensed at the time of the transaction in order to receive a commission. This is because they are required to follow certain laws and regulations in order to legally represent and assist clients in buying or selling real estate. Licensing ensures that they have the proper training and knowledge to guide clients through the transaction process. Options A, C, and D are incorrect because a license must be obtained before the transaction occurs in order to be legally allowed to receive a commission.

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