CA DRE SALESPERSON COMPLETE 2026-2027 EXAM PAPER- REVISION
QUESTIONS & SOLUTIONS
Supply & Demand
The amount of property for sale in a given market combined with the amount of property
buyers want to purchase at that price.
Reference Point
An identifiable, fixed position from which measurements can be taken.
Depositing Institution
Accepts deposits from it's account holders
Comparable Property
A property that is similar to the subject property in certain characteristics.
District
A neighborhood that includes only one type of land use, ie residential disrict
Depreciation
The difference in value between the cost of improvements and their current value
Reconstructed Operating Statement
A statement of income and expenses issued for income capitalization in appraisals.
Office of Thrift Supervision (OTS)
Created by FIRREA to take over the responsibilities of the disbanded Federal Home Loan Bank
Board
FIRREA
Financial Institution Reform, Recovery, and Enforcement Act, 1989
Paired Data Analysis
Technique for measuring the effect on value that is caused by differences in a single element of
comparisons.
Deminimus Value
Do not require the services of an appraiser and are set by the FIRREA as being under $250,000
, Accuracy of data is measured by...
How well it has been verified.
Community Property
Husband and wife share interest equally in the property
BTU
The quantity of heat required to raise one pound of water one degree Farenheit
Compound Interest
Interest earned on both principal and accrued (paid) interest
Hip Roof
A roof that has inclined surfaces that rise from every wall of the house.
Competency Rule
Prohibits appraisers from accepting assignments for which they are not qualified
USPAP
Uniform Standards of Professional Appraisal Practice
The Appraisal Standards Board
Develops, interprets and amends the Uniform Standards of Professional Appraisal Practice
(USPAP)
Sustitution
Principle that states a buyer will not pay more for a property than it would cost to acquire a
substitute property of equal utility.
Net Adjustment
The net sum of positive and negative adjustments
Cost Approach
Assumes the value of the improved property is indicated by the value of the site, plus the cost
of improvements, minus depreciation.
Sill
A horizontal piece at the bottom of a window
QUESTIONS & SOLUTIONS
Supply & Demand
The amount of property for sale in a given market combined with the amount of property
buyers want to purchase at that price.
Reference Point
An identifiable, fixed position from which measurements can be taken.
Depositing Institution
Accepts deposits from it's account holders
Comparable Property
A property that is similar to the subject property in certain characteristics.
District
A neighborhood that includes only one type of land use, ie residential disrict
Depreciation
The difference in value between the cost of improvements and their current value
Reconstructed Operating Statement
A statement of income and expenses issued for income capitalization in appraisals.
Office of Thrift Supervision (OTS)
Created by FIRREA to take over the responsibilities of the disbanded Federal Home Loan Bank
Board
FIRREA
Financial Institution Reform, Recovery, and Enforcement Act, 1989
Paired Data Analysis
Technique for measuring the effect on value that is caused by differences in a single element of
comparisons.
Deminimus Value
Do not require the services of an appraiser and are set by the FIRREA as being under $250,000
, Accuracy of data is measured by...
How well it has been verified.
Community Property
Husband and wife share interest equally in the property
BTU
The quantity of heat required to raise one pound of water one degree Farenheit
Compound Interest
Interest earned on both principal and accrued (paid) interest
Hip Roof
A roof that has inclined surfaces that rise from every wall of the house.
Competency Rule
Prohibits appraisers from accepting assignments for which they are not qualified
USPAP
Uniform Standards of Professional Appraisal Practice
The Appraisal Standards Board
Develops, interprets and amends the Uniform Standards of Professional Appraisal Practice
(USPAP)
Sustitution
Principle that states a buyer will not pay more for a property than it would cost to acquire a
substitute property of equal utility.
Net Adjustment
The net sum of positive and negative adjustments
Cost Approach
Assumes the value of the improved property is indicated by the value of the site, plus the cost
of improvements, minus depreciation.
Sill
A horizontal piece at the bottom of a window
