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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 does an appraisal take into consideration?
2. A planned development consists of
3. Co-owners can dissolve the co-ownership by means of a
4. Of the following liens, which has highest priority?
5. One of the loan products developed to assist first-time buyers who have little money to invest is the graduated payment mortgage. Its greatest disadvantage is
6. Steering, prohibited by fair housing laws, is the practice of
7. The Real Estate Education and Research Fund is financed by
8. The remaining balance on Shari Larson's mortgage is $185,500. The interest rate is 8.5% and the monthly payment is $1,426.50. How much of her next monthly payment will be applied to principal?
9. The sum of money a buyer may submit with an offer to purchase, as a demonstration of the buyer's good faith, is known as
10. A deed is the instrument used to convey ownership of
11. The Franks receive two offers on their condo, which is listed for $140,000. Anne Hill offers to pay $138,000 cash for the unit. Bob Stone offers $141,000, putting 20% down, if the Franks will pay three points to Stone's lender for the mortgage loan the buyers need. What is the difference between the two offers?
12. The method of financing with minimum exposure and liability to the seller is
13. 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"
14. There are special two-year licensing requirements for someone who wishes to conduct business only as a
15. A lien against all property of an individual for an IRS debt is referred to as
16. A new office building has been constructed on a parcel of land. All of the following are necessary considerations before tenants are allowed to move in EXCEPT
17. The seller delivers the deed and the buyer pays the purchase price in the step referred to as
18. The appraisal principle of substitution states that
19. All the salespersons in Al's brokerage firm work as independent contractors. Their office most likely provides them with which of the following?
20. Which of the following describes the function of mortgage bankers?
21. The Moonbeam Corporation closed its Sierra production facility. Many former Moonbeam employees were forced to seek jobs elsewhere, and housing prices dropped. This is an example of
22. The maximum annual property tax in California, apart from voter-approved indebtedness, is
23. Which of the following acts or laws established requirements for access to places of public accommodation?
24. To find a GIM, a property's sales price is divided by its
25. Which of the following is an example of voluntary alienation of real property?

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