A California salesperson who works for two different brokers simultaneously without disclosure is:
Why Prohibited under DRE regulations Is Correct
Answer C: Prohibited under DRE regulations
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
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Related California Questions
- A California real estate salesperson must work under:DRE & Licensing
- A licensed salesperson who changes brokers must:DRE & Licensing
- Under California's DRE regulations, a salesperson's agency obligations ultimately flow through:Agency
- Under California law, a real estate salesperson legally works under the license of and owes their primary fiduciary duty to:Agency
- A licensed California real estate salesperson may receive compensation ONLY from:DRE & Licensing
- Under the California Real Estate Law, how much experience as a licensed salesperson is required before an applicant can apply for a broker's license?DRE & Licensing
- A salesperson who works for Broker A receives an earnest money deposit. Without telling Broker A, the salesperson deposits it into the salesperson's own personal account. This is:Trust Funds
- Under California law, if a listing agent also represents the buyer in the same transaction without proper disclosure and consent, the listing agent has committed:Agency
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
State-Specific Concepts
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