1|Page
CALIFORNIA 45-HOUR CE RENEWAL FINAL EXAM
COMPLETE VERIFIED QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR JUST
RELEASED
A square room has an area of 144 square feet. How long
is each side? - Answer-10 feet
-12 feet
24 feet
72 feet
Improving a credit score can help a buyer
______________. - Answer-Avoid financing
Decrease debt
Increase savings
-Qualify for better interest rates
What type of lien is defined as an involuntary lien placed
on all of the property received by a deceased person's
heirs? - Answer--Estate/inheritance lien
Income tax lien
Judgment lien
,2|Page
Mortgage lien
What's the difference between reversionary interest and
remainder interest in a property? - Answer-Remainder
interest applies only to heirs. Reversionary interest only
applies to spouses. With remainder interest, the property
remains with the owner, even when a life tenant
possesses the property.
-With reversionary interest, the property reverts to the
owner after the death of the life tenant.
Jeffersontown has a zoning ordinance that requires all
properties in a designated historic district to have brick or
wood plank facades. No aluminum, cement board, or vinyl
siding is allowed. What type of zoning is this? - Answer--
Aesthetic zoning
Downzoning
Incentive zoning
Spot zoning
When licensees follow through on what prospects have
asked, arrive for meetings on time, and come prepared,
what trait are they exhibiting? - Answer--Competence
,3|Page
Documentation
Effective communication
Empathy
A rundown home, overgrown with weeds and in desperate
need of repairs, is driving down property values on the
block. What economic principle is at work here? - Answer-
Anticipation
Contribution
Progression
-Regression
The GRM for Sunny Hills is 147. If a three-bedroom, one-
bath house in Sunny Hills rents for $820 monthly and sold
for $125,000, what is the suggested value of a house that
leases for $1,000 monthly based on the GRM? - Answer-
$120,540
-$147,000
$152,439
$198,540
, 4|Page
What recourse does a subdivision developer have to a
D&R order? - Answer-Nothing. D&Rs are immediate and
irreversible once issued
Refund purchasers' deposit money Sue the commissioner
for improper use of authority
-They can write a request to have a hearing and contest
the order
If your license is suspended, it's only temporary. If your
license is revoked, it is permanently removed and requires
______. - Answer-Additional education
-A new license application after the penalty period
A small fee
A verbal reprimand
With a triple net lease, the tenant pays ______ separately
from the base rent. - Answer-Insurance, utilities, and
maintenance Maintenance, insurance, and debt service
Taxes, debt service, and lease payment
-Taxes, insurance, and maintenance
In which type of common interest subdivision do the
owners have exclusive rights to a unit, as well as a shared
CALIFORNIA 45-HOUR CE RENEWAL FINAL EXAM
COMPLETE VERIFIED QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR JUST
RELEASED
A square room has an area of 144 square feet. How long
is each side? - Answer-10 feet
-12 feet
24 feet
72 feet
Improving a credit score can help a buyer
______________. - Answer-Avoid financing
Decrease debt
Increase savings
-Qualify for better interest rates
What type of lien is defined as an involuntary lien placed
on all of the property received by a deceased person's
heirs? - Answer--Estate/inheritance lien
Income tax lien
Judgment lien
,2|Page
Mortgage lien
What's the difference between reversionary interest and
remainder interest in a property? - Answer-Remainder
interest applies only to heirs. Reversionary interest only
applies to spouses. With remainder interest, the property
remains with the owner, even when a life tenant
possesses the property.
-With reversionary interest, the property reverts to the
owner after the death of the life tenant.
Jeffersontown has a zoning ordinance that requires all
properties in a designated historic district to have brick or
wood plank facades. No aluminum, cement board, or vinyl
siding is allowed. What type of zoning is this? - Answer--
Aesthetic zoning
Downzoning
Incentive zoning
Spot zoning
When licensees follow through on what prospects have
asked, arrive for meetings on time, and come prepared,
what trait are they exhibiting? - Answer--Competence
,3|Page
Documentation
Effective communication
Empathy
A rundown home, overgrown with weeds and in desperate
need of repairs, is driving down property values on the
block. What economic principle is at work here? - Answer-
Anticipation
Contribution
Progression
-Regression
The GRM for Sunny Hills is 147. If a three-bedroom, one-
bath house in Sunny Hills rents for $820 monthly and sold
for $125,000, what is the suggested value of a house that
leases for $1,000 monthly based on the GRM? - Answer-
$120,540
-$147,000
$152,439
$198,540
, 4|Page
What recourse does a subdivision developer have to a
D&R order? - Answer-Nothing. D&Rs are immediate and
irreversible once issued
Refund purchasers' deposit money Sue the commissioner
for improper use of authority
-They can write a request to have a hearing and contest
the order
If your license is suspended, it's only temporary. If your
license is revoked, it is permanently removed and requires
______. - Answer-Additional education
-A new license application after the penalty period
A small fee
A verbal reprimand
With a triple net lease, the tenant pays ______ separately
from the base rent. - Answer-Insurance, utilities, and
maintenance Maintenance, insurance, and debt service
Taxes, debt service, and lease payment
-Taxes, insurance, and maintenance
In which type of common interest subdivision do the
owners have exclusive rights to a unit, as well as a shared
