96. An escrow holder can be: a. a corporation.b. an attorney.c. a real estate broker acting as the agent in a transaction.d. all answers are correct.  

51. What type of lease calls for an additional percentage of the lessee’s gross business income above the minimum fixed rent? a. Graduated leaseb. Flat rental leasec. Percentage leased. Triple net lease

71. “No Darn Fooling Around” (NDFA) is a method for remembering: a. important property tax dates.b. scheduled balloon payments.c. relative’s birthdays.d. none of the answers are correct.

58. Escrow companies use a base month of: a. 28 days.b. 30 days.c. 31 days.d. any of the answers are correct.

76. Regulations regarding the allowance of service dogs in rentals can be found under the: a. Rules of the Real Estate Commissioner.b. Americans with Disabilities Act.c. 4th Amendment to the Constitution.d. California Rental Law.

67. One of the most commonly used purchase contracts in California is the: a. California Residential Purchase Agreement and Joint Escrow Instructions form.b. Residential Listing Agreement and Exclusive Right to Sell form.c. Competitive Market Analysis form.d. None of the answers are correct.

40. Which of the following is NOT a responsibility that can be designated to a transaction coordinator (TC)? a. Initial the forms as approved when the broker is unavailable b. Create a timeline of important datesc. If instructed, open escrowd. Remind broker when deadlines are approaching

81. The Continuing Education (CE) requirement to renew a license is: a. 10 hours every 2 years.b. 20 hours every 4 years.c. 45 hours every 4 years.d. none of the answers are correct.

91. The total income a property is capable of producing at full occupancy, without any deductions for fixed or variable expenses, is known as: a. limited net income.b. cost-based income.c. potential gross income.d. none of the answers are correct.

87. DRE licensees (brokers) who wish to negotiate mortgage loans and receive compensation for their services must have a:a. perfect credit score.b. securities license from the SEC.c. NMLS endorsement. d. all answers are correct.