California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

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Which entity is NOT exempt from requiring a real estate license?

  1. A private seller selling their own home

  2. A lawyer performing real estate services within the practice of law

  3. A corporation providing real estate sales

  4. A trustee handling real estate in a trust

The correct answer is: A corporation providing real estate sales

Private sellers are not required to have a real estate license because they are selling their own property. Lawyers are exempt because they are providing real estate services as part of their legal practice. Trustees are also exempt because they are handling real estate within the scope of their duties for the trust. However, corporations are not exempt and are required to have a real estate license because they are engaging in real estate sales as a business entity.

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