California Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 740

A real estate broker operating a prepaid rental listing service is exempt from?

Need for any real estate license

Advertising regulations

Having a Prepaid Rental Listing Service (PRLS) license and the security bond requirement

A real estate broker operating a prepaid rental listing service is not exempt from having a PRLS license and the security bond requirement, as this is a necessary requirement for providing such a service. Option A is incorrect because a real estate broker still needs a license to operate, even if they are only providing prepaid rental listings. Option B is incorrect because advertising regulations still apply to all types of real estate services, including prepaid rental listings. Option D is incorrect because client confidentiality rules also apply to all real estate transactions, regardless of the specific service being provided. Therefore, the only correct answer is C, as the other options do not accurately represent exemptions for operating a prepaid rental listing service.

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Client confidentiality rules

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