CALIFORNIA REAL ESTATE
SALESPERSON EXAM 2024 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS /ALREADY GRADED A+
VERSION A
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 - ....ANSWER...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
C) Assign the appropriate value to individual
estimates and average the total number
D) Give the client a bill - ....ANSWER...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 - ....ANSWER...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 - ....ANSWER...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? -
....ANSWER...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 - ....ANSWER...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 - ....ANSWER...B) highest and
best use
In real estate appraisal, "market value" is primarily
based upon which of the following?
A) The asking price on the listing
B) The reproduction cost of the property
C) Whatever a buyer is willing to pay
D) The willing buyer and willing seller concept -
....ANSWER...D) The willing buyer and willing seller
concept
SALESPERSON EXAM 2024 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS /ALREADY GRADED A+
VERSION A
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 - ....ANSWER...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
C) Assign the appropriate value to individual
estimates and average the total number
D) Give the client a bill - ....ANSWER...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 - ....ANSWER...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 - ....ANSWER...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? -
....ANSWER...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 - ....ANSWER...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 - ....ANSWER...B) highest and
best use
In real estate appraisal, "market value" is primarily
based upon which of the following?
A) The asking price on the listing
B) The reproduction cost of the property
C) Whatever a buyer is willing to pay
D) The willing buyer and willing seller concept -
....ANSWER...D) The willing buyer and willing seller
concept
