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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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.