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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The purpose of a multiple listing service is to

limit competition among brokers
increase the potential to market the property by soliciting cooperating brokers
restrict access to property listings
decrease property values

The correct answer is: increase the potential to market the property by soliciting cooperating brokers

A Limiting competition among brokers would not be the purpose of a multiple listing service, as it is meant to increase cooperation among brokers. B: The correct answer is B. A multiple listing service (MLS) allows brokers to share and distribute information about listed properties, increasing the potential for marketing and sale of those properties. This increased cooperation among brokers benefits both buyers and sellers in the real estate market. C: Restricting access to property listings would defeat the purpose of a multiple listing service, as it aims to make information about properties more widely available to brokers. D: Decreasing property values would not be the purpose of a multiple listing service. If a property is listed on an MLS and marketed to more potential buyers through cooperation among brokers, it could potentially increase the value of the property.