CALIFORNIA REAL ESTATE SALESPERSON
FINAL EXAM AND PRACTICE EXAM 2024-
2025 WITH ACTUAL CORRECT QUESTIONS
AND VERIFIED DETAILED
ANSWERS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+|NEWEST|GUARANTEED PASS
|LATEST UPDATE
Which of the following laws exert the greatest control over the California housing and construction
industries?
A) Uniform Building Code, National Electrical Code, Uniform Plumbing Code
B) State Housing law, Local building codes, and Contractors License Law
C) Subdivision Map Act, local building codes, city's master plan
D) eminent domain, zoning ordinances, State Housing Law
B) State Housing law, Local building codes, and Contractors License Law
Which of the following must be given to every buyer of a condominium unit?
A) Copy of the CC&R's
B) Copy of the bylaws
C) Copy of the most recent financial statement of the condo association
D) All of the above
D) All of the above
After several lots have been sold in a subdivision, the Real Estate Commissioner was informed of
misrepresentations being made by the developer. The Commissioner may stop the sale of more lots by:
A) revoking the final public report
B) issuing a writ of prohibition
C) issuing a desist and refrain order
D) filing an accusation in court
1|Page
,C) issuing a desist and refrain order
The Alquist-Priolo Earthquake Special Studies Zone Act applies to:
A) all states with earthquake activity
B) all regions in The United States
C) all counties in California
D) all areas along fault lines
C) all counties in California
A "negative declaration" in a discussion of environmental impact means that the proposed subdivision:
A) has been disapproved by the Real Estate Commissioner for the issuance of a public report and the
developer may not proceed with the construction
B) will have a negative impact on the environment and create an environmental hazard
C) will have an insignificant effect upon the environment and the developer will not have to pay for a full
environmental impact report
D) has been disapproved because of other environmental hazards in the neighborhood
C) will have an insignificant effect upon the environment and the developer will not have to pay for a full
environmental impact report
Which of the following would have the least impact on property taxes?
A) New development
B) Compacted population density
C) A recorded homestead
D) Tax deferment
C) A recorded homestead
The difference between property taxes and special assessments is that:
A) assessment liens are always subordinate to property tax liens
B) assessment liens can only be levied by local improvement districts
C) foreclosure of assessment liens can only be achieved by court foreclosure
D) special assessments are levied for the cost of specific cost of specific local improvements, while
property tax revenue goes into the general fund
D) special assessments are levied for the cost of specific cost of specific local improvements, while
property tax revenue goes into the general fund
Which of the following is true regarding the depreciation of land under federal income tax law?
A) Land may be depreciated by the 125% declining balance method
B) Owner may deduct the accrued depreciation of land over time
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,C) Land may be depreciated by the sum of the year digits method
D) Land cannot be depreciated under federal income tax law
D) Land cannot be depreciated under federal income tax law
What appraisal license is required to appraise a strip mall valued at $500,000?
A) Certified general real estate appraiser
B) Certified residential real estate license
C) Residential license
D) Trainee license
A) Certified general real estate appraiser
Each of the following would be subject to property taxes, except:
A) possessory interest of the lessee in oil and gas rights in real property owned by the government
B) a manufactured home installed on a permanent foundation system
C) intangible personal property
D) vacant land in an unincorporated section of the county
C) intangible personal property
Senior citizens may be able to defer the payment of the property taxes on their residence. In order to
find out if they qualify for the program, the senior citizen should contact the:
A) Real Estate Commissioner
B) State Franchisee Tax Board
C) State housing authority
D) County tax assessor
B) State Franchisee Tax Board
A home sold for $200,000. The buyer assumed an existing loan against the property for $160,000. The
documentary transfer tax for this county is $.55 per $500 of consideration. The transfer tax is:
A) $11
B) $22
C) $33
D) $44
D) $44
After the appraiser has collected all the data and applied the appropriate appraisal method(s), what is
the next step in the appraisal process?
A) Simply average out the value estimates
B) Reconcile or correlate the adjusted sales price of the comparables
3|Page
, C) Assign the appropriate value to individual estimates and average the total number
D) Give the client a bill
B) Reconcile or correlate the adjusted sales price of the comparables
When the highest and best use of a property is expected to change, the current use is called:
A) the interim use
B) the temporary use
C) the transitional use
D) the possible use
A) the interim use
When a residential neighborhood is composed mostly of owner occupied residential properties it tends
to:
A) attract commercial shopping centers to the neighborhood
B) stabilize values
C) deteriorate faster than areas with many rental properties
D) lower property values
B) stabilize values
When an appraiser is trying to determine the amount of economic obsolescence suffered by commercial
property, which of the following questions should he attempt to answer?
A) Can this building be operated efficiently?
B) Are the tenants in the neighborhood prospering?
C) Is the rental schedule of the building fair to the tenants?
D) Should a fire sprinkler system be installed?
B) Are the tenants in the neighborhood prospering?
Which of the following would be an example of functional obsolescence?
A) New zoning laws
B) Incompatible land use in the neighborhood
C) A deteriorated driveway
D) A one-car garage
D) A one-car garage
The primary purpose of a site analysis by an appraiser is to determine the:
A) applicable zoning laws
B) highest and best use
C) soil condition
D) available amenities
4|Page
FINAL EXAM AND PRACTICE EXAM 2024-
2025 WITH ACTUAL CORRECT QUESTIONS
AND VERIFIED DETAILED
ANSWERS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+|NEWEST|GUARANTEED PASS
|LATEST UPDATE
Which of the following laws exert the greatest control over the California housing and construction
industries?
A) Uniform Building Code, National Electrical Code, Uniform Plumbing Code
B) State Housing law, Local building codes, and Contractors License Law
C) Subdivision Map Act, local building codes, city's master plan
D) eminent domain, zoning ordinances, State Housing Law
B) State Housing law, Local building codes, and Contractors License Law
Which of the following must be given to every buyer of a condominium unit?
A) Copy of the CC&R's
B) Copy of the bylaws
C) Copy of the most recent financial statement of the condo association
D) All of the above
D) All of the above
After several lots have been sold in a subdivision, the Real Estate Commissioner was informed of
misrepresentations being made by the developer. The Commissioner may stop the sale of more lots by:
A) revoking the final public report
B) issuing a writ of prohibition
C) issuing a desist and refrain order
D) filing an accusation in court
1|Page
,C) issuing a desist and refrain order
The Alquist-Priolo Earthquake Special Studies Zone Act applies to:
A) all states with earthquake activity
B) all regions in The United States
C) all counties in California
D) all areas along fault lines
C) all counties in California
A "negative declaration" in a discussion of environmental impact means that the proposed subdivision:
A) has been disapproved by the Real Estate Commissioner for the issuance of a public report and the
developer may not proceed with the construction
B) will have a negative impact on the environment and create an environmental hazard
C) will have an insignificant effect upon the environment and the developer will not have to pay for a full
environmental impact report
D) has been disapproved because of other environmental hazards in the neighborhood
C) will have an insignificant effect upon the environment and the developer will not have to pay for a full
environmental impact report
Which of the following would have the least impact on property taxes?
A) New development
B) Compacted population density
C) A recorded homestead
D) Tax deferment
C) A recorded homestead
The difference between property taxes and special assessments is that:
A) assessment liens are always subordinate to property tax liens
B) assessment liens can only be levied by local improvement districts
C) foreclosure of assessment liens can only be achieved by court foreclosure
D) special assessments are levied for the cost of specific cost of specific local improvements, while
property tax revenue goes into the general fund
D) special assessments are levied for the cost of specific cost of specific local improvements, while
property tax revenue goes into the general fund
Which of the following is true regarding the depreciation of land under federal income tax law?
A) Land may be depreciated by the 125% declining balance method
B) Owner may deduct the accrued depreciation of land over time
2|Page
,C) Land may be depreciated by the sum of the year digits method
D) Land cannot be depreciated under federal income tax law
D) Land cannot be depreciated under federal income tax law
What appraisal license is required to appraise a strip mall valued at $500,000?
A) Certified general real estate appraiser
B) Certified residential real estate license
C) Residential license
D) Trainee license
A) Certified general real estate appraiser
Each of the following would be subject to property taxes, except:
A) possessory interest of the lessee in oil and gas rights in real property owned by the government
B) a manufactured home installed on a permanent foundation system
C) intangible personal property
D) vacant land in an unincorporated section of the county
C) intangible personal property
Senior citizens may be able to defer the payment of the property taxes on their residence. In order to
find out if they qualify for the program, the senior citizen should contact the:
A) Real Estate Commissioner
B) State Franchisee Tax Board
C) State housing authority
D) County tax assessor
B) State Franchisee Tax Board
A home sold for $200,000. The buyer assumed an existing loan against the property for $160,000. The
documentary transfer tax for this county is $.55 per $500 of consideration. The transfer tax is:
A) $11
B) $22
C) $33
D) $44
D) $44
After the appraiser has collected all the data and applied the appropriate appraisal method(s), what is
the next step in the appraisal process?
A) Simply average out the value estimates
B) Reconcile or correlate the adjusted sales price of the comparables
3|Page
, C) Assign the appropriate value to individual estimates and average the total number
D) Give the client a bill
B) Reconcile or correlate the adjusted sales price of the comparables
When the highest and best use of a property is expected to change, the current use is called:
A) the interim use
B) the temporary use
C) the transitional use
D) the possible use
A) the interim use
When a residential neighborhood is composed mostly of owner occupied residential properties it tends
to:
A) attract commercial shopping centers to the neighborhood
B) stabilize values
C) deteriorate faster than areas with many rental properties
D) lower property values
B) stabilize values
When an appraiser is trying to determine the amount of economic obsolescence suffered by commercial
property, which of the following questions should he attempt to answer?
A) Can this building be operated efficiently?
B) Are the tenants in the neighborhood prospering?
C) Is the rental schedule of the building fair to the tenants?
D) Should a fire sprinkler system be installed?
B) Are the tenants in the neighborhood prospering?
Which of the following would be an example of functional obsolescence?
A) New zoning laws
B) Incompatible land use in the neighborhood
C) A deteriorated driveway
D) A one-car garage
D) A one-car garage
The primary purpose of a site analysis by an appraiser is to determine the:
A) applicable zoning laws
B) highest and best use
C) soil condition
D) available amenities
4|Page
