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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. Which of the following is the most important factor for a lender in determining credit-worthiness?
2. Primary responsibility for disclosure that property is located in a seismic hazard zone belongs to the
3. If a jurisdiction requires private property for public use, the first step begins with
4. At a general meeting of the brokers' trade association, several members begin talking about fees and business practices. This sort of activity could be considered
5. Prices are likely to rise when there is a
6. An abstract of title is accompanied by a
7. To secure a loan, the borrower conveys legal title to the property to a disinterested third party for safekeeping. In this situation, the document required is a
8. Which of the following statements is true of a land contract?
9. During contract negotiations, the broker, despite knowledge to the contrary, assures the buyer that the property is suitable for multi-family use. Prior to closing, the buyer learns that zoning regulations prohibit this use of the property. By law, this contract is
10. Nancy Tomsic's tenants all had several months remaining on their leases when she sold her six-unit apartment building to Chuck Dwight. Tenants in this situation typically
11. The Civil Rights Act of 1866 prohibits
12. In order to appraise property valued over $1,000,000 in a federally related transaction, the person performing the appraisal would need to be
13. In a real estate transaction, fiduciary duties are owed to the
14. A planned development consists of
15. A promise in exchange for a promise supported by consideration is the basis for
16. After analyzing comparable properties that have recently sold and adjusting for differences in features, location, and amenities, the appraiser is prepared to estimate
17. Which of the following is NOT necessary in order for a property to have value?
18. One of the Millers' stated requirements for their new home was that it be located in the Sunnyvale school district. The seller falsely and knowingly stated that the subject property was indeed in that school district. After closing, the Millers discovered that the house was actually in an adjacent school district. The Millers
19. A homeowner has a balance remaining on the mortgage of $149,570.75. The interest rate is 9.5% and the monthly payment is $1,303.55. After the next two payments, the balance will be
20. Of the following liens, which has highest priority?
21. A customer goes into a restaurant and orders dinner. At the end of the meal, is the customer legally obligated to pay the check?
22. The Real Estate Education and Research Fund is financed by
23. George Brown owns 150 acres of farmland and has posted No ''Trespassing signs on the fence surrounding the property. He can enforce this notice by virtue of his"
24. Ownership of a time share
25. The right to occupy a property without interference for a specified period of time is known as a

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