California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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.

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What should a sales person do with a deposit check received as part of an offer on a house?

  1. Deposit it into their personal account

  2. Return it to the buyer

  3. Give the check to their broker immediately

  4. Hold onto it until the sale is finalized

The correct answer is: Give the check to their broker immediately

A Depositing the check into a personal account could be seen as unethical and potentially cause issues with accounting and taxes. B: Returning the check to the buyer without consulting the broker could result in the loss of the sale and damage the buyer-seller relationship. D: Holding onto the check until the sale is finalized could also be seen as unethical and potentially cause issues with accounting and taxes. It is best practice to consult with the broker and follow their instructions for handling the deposit check.

More Questions Like This