CHAPTER 1 QUIZ Print out this ten-question quiz and then select the most appropriate answer from the choices given. The answers are provided on the next page. 1. What does caveat emptor mean? a. A forewarning to leaders. b. Let the buyer beware. c. Let the seller be cautious d. Let the agent work hard.
2. What are the duties of the state’s real estate department? a. To license real estate agents. b. To regulate the profession. c. To administer disciplinary actions. d. All of the above.
3. What are the three levels of real estate licensing? a. Sales Associate, Broker, Broker Associate b. Sales Broker, Broker Associate, Sales Agent c. Sales Associate, Associate Agent, Broker d. Broker Agent, Sales Agent, Broker
4. True or False. All real estate applicants must be United States citizens? a. True b. False
5. A license must be at least ______ years old. a. 17 b. 18 c. 21 d. 25
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