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Defines and contextualizes key concepts and terms frequently tested on the DRE salesperson and broker exams, including trust account management, Fair Housing laws, truth in advertising, recordkeeping, agency supervision, and mandated disclosure statements such as the TDS and NHD. 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Multiple choice questions are answered by selecting A, B, C, or D. You may use pen or pencil.  \nChapter 6: Practice of real estate and disclosures  \n1.  \n2.  \n3.  \n4.  \n5.  \n6.  \n7.  \n8.  \n9.  \n10.  \n11.  \n12.  \n13.  \n14.  \n15.  \n16.  \n17.  \n18.  \n19.  \n20.  \n21.  \n22.  \n23.  \n24.  \n25.  \nA o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \nB  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no  \nC o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \nD o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \n26.  \n27.  \n28.  \n29.  \n30.  \n31.  \n32.  \n33.  \n34.  \n35.  \n36.  \n37.  \n38.  \n39.  \n40.  \n41.  \n42.  \n43.  \n44.  \n45.  \n46.  \n47.  \n48.  \n49.  \n50.  \nA o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \nB o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \nC o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \nD o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \n51.  \n52.  \n53.  \n54.  \n55.  \n56.  \n57.  \n58.  \n59.  \n60.  \n61.  \n62.  \n63.  \n64.  \n65.  \n66.  \n67.  \n68.  \n69.  \n70.  \n71.  \n72.  \n73.  \n74.  \nA  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \nB o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no  \nC o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no  \nD o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no o  \no  \nChapter 6: Practice of real estate and disclosures 99  \n\n|  |\n| --- |\n| Chapter 6: Practice of real estate and disclosures |\n|  |\n\nKey Concepts  \nCritical real estate concepts equaling approximately 25% of the state licensing exam.  \n• Trust account management  \n• Fair Housing laws  \n• Truth in advertising  \n• Record keeping requirements  \n• Agency supervision  \n• Permitted activities of unlicensed sales assistants  \n• DRE jurisdiction and disciplinary actions  \n• Licensing, continuing education requirements and procedures  \n• California Real Estate Recovery Fund  \n• General ethics  \n• Technology  \n• Property management  \n• Commercial/Industrial/Income properties  \n• Specialty areas  \n• Transfer Disclosure Statement (TDS)  \n• Natural Hazard Disclosure Statement (NHD)  \n• Disclosure of material facts affecting property value  \n• Need for inspection and obtaining / verifying information  \n• Reports  \n• Servicing diverse populations  \nKey Terms  \nFundamental real estate vocabulary likely to appear on the state exam with reference to the quiz questions illustrating its application. See the Real estate glossary on page 331 for the full definitions.  \nabandonment (q. 57) advertising (q. 2, 10-12) Americans with Disability Act (ADA) (q. 9)  \nanti-trust (q. 13)  \nblockbusting (q. 14, 71)  \nbulk sale (q. 15)  \ncertificate of clearance (q. 16) commingling (q. 20, 21) commission (q. 4, 8, 22, 28) common area (q. 58)  \ncomparative market analysis (CMA) (q. 3)  \nDepartment of Real Estate (DRE) (q. 18)  \ndisclosure (q. 23-25)  \ndue diligence (q. 59)  \n100 Unlocking the DRE Salesperson and Broker Exam, Sixth Edition  \nKey Terms cont’d  \nenvironmental hazard (q. 30) estoppel (q. 31)  \nethics (q. 17)  \nFair Housing laws (q. 32-34, 72-73)  \nfranchise (q. 35)  \ngrace period (q. 60)  \nhabitable condition (q. 61) independent contractor (q. 36) interpleader (q. 54)  \nleverage (q. 39)  \nlicense (q. 40)  \nlicense requirements (q. 1, 7, 19, 42)  \nmaterial fact (q. 27)  \nNatural Hazard Disclosure Statement (NHD) (q. 26, 29) nuisance (q. 62)  \nperiodic tenancy (q. 63) property management (q. 44, 45)  \npuffing (q. 43)  \nquiet enjoyment (q. 64) ready, willing and able buyer (q. 65)  \nreal estate law (q. 47)  \nred flag (q. 50)  \nredlining (q. 71)  \nright of first refusal (q. 66) security deposit (q. 38) Stat","cbCaibZnVh77zodT","https://ap.wps.com/l/cbCaibZnVh77zodT","pdf",226957,27,"English","# Chapter 6: Practice of real estate and disclosures\n## ANSWER SHEET INSTRUCTIONS\n## Key Concepts\n## Key Terms\n## Just the Facts: Trust account management","[{\"question\":\"What are the multiple-choice answer sheet instructions for this exam chapter?\",\"answer\":\"Select A, B, C, or D as the answer for multiple-choice questions. Use pen or pencil to mark responses.\"},{\"question\":\"What is the main purpose of trust funds in real estate transactions?\",\"answer\":\"Trust funds are monies belonging to others that a broker and their agents handle while acting as agents in a transaction. They must be kept separate from the broker’s personal funds and managed under recordkeeping and accounting requirements.\"},{\"question\":\"What are examples of trust funds under trust account management?\",\"answer\":\"Examples include rents and security deposits collected under a property management agreement, good faith deposits from a buyer, fees and costs paid in advance for agreed services, and loan payments and funds on contract collection and loan brokerage.\"}]","California Real Estate License Exam Prep - Chapter 6 - Practice of real estate and disclosures | PDF",1790423855,68]