#1. Under California law, specific performance may be denied by the court when:
#2. Under eminent domain, the initial appraisal is conducted by:
#3. Environmental contamination can reduce property value by:
#4. A property manager receives a fair housing complaint from a tenant. The manager should:
#5. Mortgage interest is calculated on the outstanding balance. As payments are made, the interest portion:
#6. The doctrine of accession in the context of trade fixtures means:
#7. Reinstatement of a loan means:
#8. An eminent domain offer of compensation is based on:
#9. Under California law, a real estate licensee acting as a property manager must provide tenants with:
#10. When representing a buyer interested in non-conforming use, an agent should:
#11. Under California agency law, which disclosure is specifically required when an agent has a personal interest in the transaction?
#12. California’s Ellis Act allows landlords to:
#13. Under California agency law, which of the following activities does NOT require a real estate license?
#14. Population growth generally leads to:
#15. Under California law, which disclosure form specifically addresses whether the property is in a zone where wildfires are a risk?
#16. The statute of limitations for breach of an oral agreement in California is:
#17. A contractor estimates building costs at $185/sq ft. For a 2,200 sq ft home, what is the estimated construction cost?
#18. A lender who fails to deliver the Loan Estimate within 3 business days:
#19. A listing agent discovers that a prospective buyer intends to use the property for illegal drug manufacturing. Under fiduciary duties, the agent must:
#20. Ideal comparables for a CMA should have sold within:
#21. A Licensed Residential Appraiser in California may appraise non-complex residential properties up to:
#22. Undisclosed debt discovered during underwriting can:
#23. Ginnie Mae differs from Fannie Mae because Ginnie Mae:
#24. During underwriting, the property undergoes appraisal to:
#25. Under California’s Davis-Stirling Act, which governs homeowners associations:
#26. A seller makes a counteroffer that changes the price and removes the buyer’s inspection contingency. If the buyer accepts only the price change but insists on keeping the inspection contingency:
#27. If a comparable property has 200 fewer square feet than the subject and the value per square foot is $300, the adjustment would be:
#28. Under California law, a deed executed by a person under duress is:
#29. HOA common areas typically include all of the following EXCEPT:
#30. A property is transferred by a court order as part of a divorce settlement. This type of transfer:
#31. When representing a buyer in an HOA community, an agent should provide:
#32. An example of incurable physical deterioration is:
#33. A real estate agent advertises a property using language that says ‘ideal for mature adults seeking a quiet lifestyle.’ Under fair housing law:
#34. A buyer receives both an owner’s title insurance policy and the lender requires a lender’s policy. Which statement is CORRECT?
#35. A borrower with a DTI of 45% may still qualify for a loan if:
#36. California Civil Code Sections 801-806 govern:
#37. A seller’s net sheet shows: sale price $575,000, commission $28,750 (5%), closing costs $8,500, mortgage payoff $380,000. Approximate net proceeds are:
#38. Under California’s DRE Code of Conduct, which of the following constitutes a potential violation?
#39. The primary advantage of non-judicial over judicial foreclosure for lenders is:
#40. In California, the primary legal document that establishes the agency relationship between a seller and a listing agent is:
#41. A listing agent who conceals a dual agency relationship to earn commissions from both parties may face:
#42. A seller’s agent learns that the buyer has been pre-approved for $50,000 more than their offer price. Under agency law, what should the agent do?
#43. Under California Homeowners Bill of Rights, a lender cannot record a Notice of Default until:
#44. A deed contains the words ‘grants, bargains, and sells.’ Under California law, this language:
#45. The duty of ‘Reasonable Care and Diligence’ requires a listing agent to:
#46. A buyer at closing receives a credit of $850 for rent proration. This means:
#47. Under California probate law, a simplified probate procedure is available for estates valued at less than:
#48. Under California B&P Code §10140, truth in advertising requires that all advertisements:
#49. Under California contract law, the mailbox rule applies to acceptance of an offer when:
#50. Under California law, a property manager who manages vacation rental properties must:
#51. Ginnie Mae guarantees:
#52. A net listing in California is:
#53. A warranty deed provides which level of protection to the grantee?
#54. A Broker Price Opinion (BPO) is similar to a CMA and is typically prepared by:
#55. Under California law, which of the following actions constitutes commingling in the context of agency?
#56. Which of the following is TRUE about the Lead-Based Paint Disclosure requirement?
#57. Under California law, which of the following is TRUE about the consequences of employment misclassification under AB5?
#58. The servient tenement in an easement arrangement is:
#59. Environmental hazard disclosure obligations rest on:
#60. Expired listings (listed but not sold) in a CMA indicate:
#61. Under California law, a grant deed must contain which of the following to be valid?
#62. Under California Civil Code Section 1102.6a, the Natural Hazard Disclosure includes:
#63. Which statement about gratuitous agency in California real estate is TRUE?
#64. In the Cost Approach, land value is typically established through:
#65. Which of the following is TRUE about the doctrine of laches in California real estate?
#66. California’s requirement for a Home Inspection Advisory (HIA) form recommends that buyers:
#67. In California, commissions for real estate transactions are:
#68. Under California’s AB5, if any single prong of the ABC test is not satisfied:
#69. A title insurance company’s policy contains a schedule of exclusions. These exclusions:
#70. Government rectangular survey descriptions should be read:
#71. Under California law, a salesperson’s license is automatically what when the employing broker’s license is revoked?
#72. An increase in the number of building permits issued typically signals:
#73. When an agent’s conduct leads a third party to reasonably believe the agent has authority to act on behalf of a principal, this creates:
#74. Which fiduciary duty requires an agent to act in the principal’s best interest above all others, including the agent’s own interests?
#75. Under California law, the deficiency judgment after a purchase-money trust deed foreclosure is:
#76. Which of the following is an involuntary lien?
#77. Amortization refers to:
#78. Which of the following would NOT terminate an easement?
#79. Solar panels installed with building permits, financed through PACE liens, and covered by 20-year warranties would MOST likely be classified as:
#80. In a California probate sale, the court requires overbidding to start at:
#81. Under California law, an agent who discovers after listing that the property was the site of a homicide 2 years ago must:
#82. The CalBRE (now DRE) requires a broker to display their license:
#83. In a standard California Residential Purchase Agreement (RPA), the buyer’s earnest money deposit is typically held by:
#84. When a real estate professional suspects environmental issues, the FIRST recommended step is:
#85. Under California law, what is the consequence if an agent fails to provide the required agency disclosure form?
#86. Under California law, if property taxes remain unpaid after June 30, the property may face:
#87. Which physical characteristic of land supports property taxation as a stable government revenue source?
#88. Under California law, a tenant who makes improvements to a rental unit without the landlord’s written permission:
#89. Which of the following is a required disclosure when a property has an in-ground swimming pool in California?
#90. A commercial lease is $3.25/sq ft/month for 2,500 sq ft. What is the annual rent?
#91. Under California law, commingling of trust funds occurs when a broker:
#92. Prevailing wage requirements under California Labor Code §1720 affect:
#93. A property has a retaining wall that shows signs of tilting and cracking. The seller’s TDS does not mention the wall. The listing agent should:
#94. A broker’s fair housing training program should cover:
#95. Operating expenses in income property calculations include all EXCEPT:
#96. A buyer includes a contingency that the purchase is subject to the buyer’s spouse approving the property. This contingency is:
#97. Under the California Government Code, the Subdivision Map Act is enforced by:
#98. If an appraisal comes in below the purchase price, the lender will:
#99. Under California law, a property manager who receives a subpoena for tenant records must:
#100. If a comparable lacks a feature the subject has (e.g., a pool), the comparable is adjusted:
#101. Under California’s agency confirmation requirements, which statement is CORRECT?
#102. A grantor signs a deed and places it in a safe deposit box with instructions to deliver it to the grantee after the grantor’s death. Under California law:
#103. Under Proposition 13, the maximum ad valorem tax rate on real property is:
#104. Which of the following is the primary purpose of California’s agency disclosure requirements?
#105. Under California Business and Professions Code, a real estate salesperson may only:
#106. An agent’s advertisement for a rental property states ‘Must speak English.’ Under fair housing law:
#107. Under California law, the Carbon Monoxide Detector compliance applies to:
#108. A borrower’s ‘purchasing power’ in the context of interest rates refers to:
#109. USDA loan eligibility requires the borrower’s income not to exceed:
#110. A listing agent discovers that the property’s well water has tested positive for bacteria. The agent’s duty to disclose includes:
#111. Under California law, if a salesperson’s employing broker dies, the salesperson:
#112. Which deed is most commonly used in California residential real estate transactions?
#113. Methamphetamine contamination in a property must be disclosed under:
#114. Under California law, the seller must disclose whether the property is subject to:
#115. California’s diverse economy affects regional housing demand through:
#116. Homeowners insurance in PITI protects against:
#117. Under California law, a commercial tenant’s operating expense pass-through in a modified gross lease typically includes:
#118. Under California law, the buyer’s share of prorated property taxes at closing:
#119. A listing broker offers a cooperating commission to a buyer’s broker through the MLS. This creates:
#120. California’s Homeowner Bill of Rights requires lenders to provide:
#121. Under California law, which of the following is TRUE about a tenant’s right to withhold rent?
#122. Under California law, trust fund reconciliation must compare:
#123. A purchase agreement includes a contingency for the buyer to review CC&Rs within 17 days. The buyer discovers a restriction prohibiting the buyer’s intended use. The buyer:
#124. A purchase agreement includes a clause allowing the seller to retain 3% of the purchase price as liquidated damages if the buyer defaults. The buyer defaults. Can the seller also sue for additional damages?
#125. Capitalization in the Income Approach converts:
#126. A buyer’s agent who represents a buyer in purchasing a property and simultaneously has an ownership interest in a competing property must:
#127. A HOA assessment lien typically has:
#128. Wildfire Hazard Zones are mapped by:
#129. Under California law, which of the following is NOT a duty owed by an agent to third parties (non-clients)?
#130. The California Bureau of Real Estate (formerly DRE) can take disciplinary action against an agent for violating agency duties. Possible penalties include:
#131. An agent creates an advertisement for a property that says ‘Great neighborhood—no loud parties!’ Under fair housing law:
#132. A seller owes $285,000 on their mortgage. They sell for $425,000 and pay 6% commission and $3,500 in closing costs. What are the net proceeds?
#133. A buyer submits an offer with a 10-day inspection contingency. On day 8, the buyer has not yet scheduled an inspection. Under the standard purchase agreement:
#134. A real estate agent who provides advice on tax implications of a property sale without being a licensed tax professional may:
#135. The Dodd-Frank Act reinforced appraiser independence by making it illegal for:
#136. Under Proposition 13, the base year assessed value of a property is reassessed to current market value upon:
#137. Under which circumstance would a ‘built-in’ item NOT automatically convey as a fixture in a residential sale?
#138. A seller agrees to carry back a $100,000 second mortgage at 6% interest for 5 years with a balloon payment. The balloon payment provision means:
#139. Under Civil Code Sections 1102.6 and 1102.6c, brokers must disclose:
#140. An agent who represents only the buyer and owes no duties to the seller is operating under which type of agency?
#141. Under California law, the real estate transfer disclosure statement must be completed:
#142. A buyer’s purchase agreement includes a clause requiring the seller to provide a one-year home warranty. At closing, the seller refuses to provide the warranty. This constitutes:
#143. Service animals in HOA communities:
#144. Under California law, a broker who allows agents to operate without proper supervision may face:
#145. The California Civil Code requires that agency disclosure forms identify the agent as representing which of the following?
#146. Inverse condemnation occurs when:
#147. Under the California Environmental Hazards booklet requirement, which professionals must provide the booklet to the buyer?
#148. Under California law, which of the following must be disclosed regarding the property’s energy efficiency?
#149. Under the fiduciary duty of accounting, an agent who receives a security deposit for a rental must:
#150. A property manager responsible for collecting rent discovers that a tenant has been consistently late for 3 consecutive months. The manager should:
