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California Real Estate Test Questions
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California Real Estate Test Questions
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25 Questions

1. The seller's agent must make diligent efforts to market the property because of the fiduciary duty of
2. The appraisal principle of substitution states that
3. Office space is usually rented by the
4. When tenant Heather Grayson opened her ice cream shop in the mall, she installed counters and special freezers. When Heather closes the shop, can she remove them?
5. In order to find out if fair housing laws are being followed, real estate offices are sometimes visited by
6. The acronym URAR stands for
7. In order to appraise property valued over $1,000,000 in a federally related transaction, the person performing the appraisal would need to be
8. In the market or sales data approach to appraisal, the sales prices of similar, recently sold properties are
9. Both buyer and seller must consent to the agent's role in the transaction so that they know
10. The Department of Real Estate can issue a real estate license to any of the following EXCEPT
11. Joseph Flannery is borrowing $ 15,000 from his brother Tim in order to have enough for the down payment on his new house. They have agreed that the $15,000 will bear an interest rate of 12% with a flat semi-annual payment of $1,000 plus earned interest. How much will Joseph's first payment to Tim be?
12. The duties of the property manager include all of the following EXCEPT
13. The area of a lot that measures 850 feet
14. When a written agreement spells out the responsibilities of the principal and the agent, the relationship created is called
15. Nell is selling her house to Olive for $327,000. From the sales commission, Olive's agent will be paid a fee of 3% of the sales price. Olive's agent will receive
16. The most important requirement of the federal lead-based paint law is that the
17. Brad Butterworth wishes to establish the validity of his claim to Hickory Hill. He has met all of the requirements for a claim by adverse possession, so he should bring
18. The Uniform Commercial Code concerns the
19. Jack Logan is informed by Michelle, the owner of the apartment building in which he lives, that when his lease expires at the end of the month, it cannot be renewed because Michelle's sister, Nan, is going to need a place to live in three months. After Jack's lease expires, he remains in the apartment as a
20. A commercial property investment has a tax liability when the
21. An owner of a marina wants to sell his business and real estate so that he may retire, but the tax on the capital gain would be prohibitive. One alternative that would allow the owner to make a change in lifestyle while avoiding payment of capital gain tax is to
22. The type of depreciation always classified as incurable is
23. Federal fair housing laws protect against discrimination based on all of the following EXCEPT
24. Ed Klein has a large lake on his property. He sells a permit to his friend Phil, allowing Phil to fish in Ed's lake at any time for one year. Phil's right to use Ed's property is known as
25. In order to take advantage of the Property Tax Postponement Law, you must have no more than the stated income and be

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