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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Under the regulations for operating a prepaid rental listing service license, what must a prospective tenant be provided with?

A single available rental
At least three available rentals within five days of paying the fee
A money-back guarantee
Access to an online listings portal

The correct answer is: At least three available rentals within five days of paying the fee

A prospective tenant must be provided with at least three available rentals within five days of paying the fee when engaging with a prepaid rental listing service. This requirement is designed to ensure that tenants receive a tangible benefit for their payment and to promote transparency and accountability in the rental listing process. By receiving multiple options, the tenant has a better opportunity to find a rental property that meets their needs. This provision also helps to prevent fraudulent practices within the industry by ensuring that tenants are not paying fees without receiving adequate listings in return. While offerings like a single available rental, a money-back guarantee, or access to an online listings portal might seem beneficial, they do not align with the regulatory requirements that ensure tenants have sufficient options and prompt service in their search for rental properties. Therefore, the requirement to provide multiple listings is essential for protecting tenants in these transactions.