Practice Quiz

California Real Estate Exam - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
41. What is “community property”?
  1. Property that is owned by an entire condominium development
  2. Property that is owned by an entire subdivision of single-family homes
  3. Property acquired by a married couple during the marriage and considered to be jointly owned
  4. Both A and B
See answer
42. Which of the following is not a necessary element in the formation of a contract:
  1. Offer
  2. Acceptance
  3. Consideration
  4. Performance
See answer
43. A broker who is hired by an owner to sell his property must reveal all significant and material information to the principal. Which of the following would be considered material information and must be revealed?
  1. The new lender will require the buyer to maintain an impound account
  2. Agent’s knowledge that a better offer to purchase is imminent
  3. The prospective buyer is of oriental descent
  4. None of the above
See answer
44. In simple terms, a sum of borrowed money (principal) usually repaid with interest is called a:
  1. mortgage
  2. loan
  3. conventional loan
  4. alternative mortgage
See answer
45. A schedule that shows how much of each payment will be applied to principal and how much toward interest over the life of the loan is called a/n:
  1. amortization schedule
  2. annual percentage rate
  3. assumption
  4. both A and C
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode