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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When must a real estate salesperson be licensed to receive a commission?

At the time of listing the property
At the time of the transaction
After the transaction is completed
Before the property is listed

The correct answer is: At the time of the transaction

Real estate salespersons must be licensed at the time of the transaction in order to receive a commission. This is because they are required to follow certain laws and regulations in order to legally represent and assist clients in buying or selling real estate. Licensing ensures that they have the proper training and knowledge to guide clients through the transaction process. Options A, C, and D are incorrect because a license must be obtained before the transaction occurs in order to be legally allowed to receive a commission.