California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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If Broker A procures a full cash offer meeting all of Seller B’s terms, and Seller B refuses it, is Broker A owed a commission?

Yes, commission is due when terms are met
No, only if the sale closes
Yes, but only a partial commission
No, unless a penalty is specified

The correct answer is: Yes, commission is due when terms are met

In this scenario, Broker A has fulfilled their obligation of procuring a full cash offer that meets all of Seller B's terms. Therefore, Broker A is entitled to a commission regardless of whether the sale ultimately closes or not. Options B and D are incorrect because commission is due once the terms are met, regardless of the sale closing or any specified penalties. Option C is also incorrect as the commission is not partial, but rather is fully due to Broker A.