REAL ESTATE SALESPERSON CALIFORNIA
STATE EXAM (ACTUAL EXAM) WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
Under authority of a signed exclusive agency listing, Broker
Morris diligently advertised the $85,000 home of Mr. Jones.
Before the listing expired Jones sold his home, through his
own efforts, to a friend and refused to pay Morris any
commission whatsoever. Morris is legally entitled to receive
from Jones: - ANSWERS-No commission
A mortgage that was executed two years ago provided for a
prepayment penalty. The mortgagee is most likely to waive
this penalty when: - ANSWERS-A new loan can be made on
the property at a higher rate
In real estate appraisal, "market value" is primarily based
upon: - ANSWERS-The willing buyer and willing seller
concept
,Brown, who doesn't have a real estate license, offered to
buy ten acres of land from Sorenson for a price of $500 per
acre. Sorenson accepted the offer. When Brown was
negotiating with Sorenson, Brown had an offer from a third
party to buy this property for $2,000 per acre, but Brown
did not tell Sorenson about this offer. LATER, Sorenson
learns about the sale and consults an attorney concerning
his possible actions against Brown. Sorenson will most likely
be advised by the attorney that: - ANSWERS-Sorenson has
no cause for acting against Brown
An apartment owner was figuring his net income for income
tax purposes. he took the gross income and deducted
certain expenses. Of the ones listed below, which could he
NOT deduct: - ANSWERS-Cost of a fence
The most effective way for the Federal Reserve Board to
create A TIGHT MONEY MARKET would be to: - ANSWERS-
Raise the discount rate and sell government bonds
A subordination clause in a TRUST deed BENEFITS: -
ANSWERS-Trustor
,A mortgage which by its terms provides that is secures the
amount of the initial loan together with ANY SUMS LATER
LOANED to the mortgagor by the mortgagee is known as: -
ANSWERS-An open-ended mortgage
The value of the best property in the neighborhood will be
adversely affected by the presence of comparatively
substandard property is a statement relating to value and is
know as the Principle of: - ANSWERS-Regression
Which of the following actions or events would result in the
termination of a sales escrow: - ANSWERS-Mutual consent
of the parties
The measure of goods and services produced by the nation
during any one calendar year is the definition of which of
the following: - ANSWERS-Gross National Product
An easement on real property can be terminated by: -
ANSWERS-A release signed by the holder of the dominant
tenement
An appraiser's narrative appraisal report of a single-family
residence probably would contain no reference to: -
ANSWERS-The type of financing available
, When identical or highly similar properties are offered for
sale, the property offered at the lower price attracts the
greatest demand. That statement is an illustration of which
of the following principles of appraising: - ANSWERS-
Substitution
When the public records have been examined in order to
determine the chain of title to a parcel of real property, a
written summary of that chain of title is known as: -
ANSWERS-An abstract of title
The remedy of unlawful detainer action is used by offended:
- ANSWERS-Lessors
Freehold estates would include which of the following: -
ANSWERS-A life estate
If a lender accepts a deed in lieu of foreclosure from a
trustor, the lender: - ANSWERS-Will assume any junior liens
Which of the following would usually be true concerning a
hard money second trust deed: - ANSWERS-It's secured by
real estate and given to a third party to obtain a cash loan
STATE EXAM (ACTUAL EXAM) WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
Under authority of a signed exclusive agency listing, Broker
Morris diligently advertised the $85,000 home of Mr. Jones.
Before the listing expired Jones sold his home, through his
own efforts, to a friend and refused to pay Morris any
commission whatsoever. Morris is legally entitled to receive
from Jones: - ANSWERS-No commission
A mortgage that was executed two years ago provided for a
prepayment penalty. The mortgagee is most likely to waive
this penalty when: - ANSWERS-A new loan can be made on
the property at a higher rate
In real estate appraisal, "market value" is primarily based
upon: - ANSWERS-The willing buyer and willing seller
concept
,Brown, who doesn't have a real estate license, offered to
buy ten acres of land from Sorenson for a price of $500 per
acre. Sorenson accepted the offer. When Brown was
negotiating with Sorenson, Brown had an offer from a third
party to buy this property for $2,000 per acre, but Brown
did not tell Sorenson about this offer. LATER, Sorenson
learns about the sale and consults an attorney concerning
his possible actions against Brown. Sorenson will most likely
be advised by the attorney that: - ANSWERS-Sorenson has
no cause for acting against Brown
An apartment owner was figuring his net income for income
tax purposes. he took the gross income and deducted
certain expenses. Of the ones listed below, which could he
NOT deduct: - ANSWERS-Cost of a fence
The most effective way for the Federal Reserve Board to
create A TIGHT MONEY MARKET would be to: - ANSWERS-
Raise the discount rate and sell government bonds
A subordination clause in a TRUST deed BENEFITS: -
ANSWERS-Trustor
,A mortgage which by its terms provides that is secures the
amount of the initial loan together with ANY SUMS LATER
LOANED to the mortgagor by the mortgagee is known as: -
ANSWERS-An open-ended mortgage
The value of the best property in the neighborhood will be
adversely affected by the presence of comparatively
substandard property is a statement relating to value and is
know as the Principle of: - ANSWERS-Regression
Which of the following actions or events would result in the
termination of a sales escrow: - ANSWERS-Mutual consent
of the parties
The measure of goods and services produced by the nation
during any one calendar year is the definition of which of
the following: - ANSWERS-Gross National Product
An easement on real property can be terminated by: -
ANSWERS-A release signed by the holder of the dominant
tenement
An appraiser's narrative appraisal report of a single-family
residence probably would contain no reference to: -
ANSWERS-The type of financing available
, When identical or highly similar properties are offered for
sale, the property offered at the lower price attracts the
greatest demand. That statement is an illustration of which
of the following principles of appraising: - ANSWERS-
Substitution
When the public records have been examined in order to
determine the chain of title to a parcel of real property, a
written summary of that chain of title is known as: -
ANSWERS-An abstract of title
The remedy of unlawful detainer action is used by offended:
- ANSWERS-Lessors
Freehold estates would include which of the following: -
ANSWERS-A life estate
If a lender accepts a deed in lieu of foreclosure from a
trustor, the lender: - ANSWERS-Will assume any junior liens
Which of the following would usually be true concerning a
hard money second trust deed: - ANSWERS-It's secured by
real estate and given to a third party to obtain a cash loan
