California Real Estate Exam
2026 Exam Questions and
Answers | Already Graded A+
In reference to Property Taxes, "basis" or "cost" is - ANSWER
✔✔Purchase price of prop plus cost of improvements.
How is a condominium unit owned? - ANSWER ✔✔Separate interest
How are common interests in a condo owned? - ANSWER
✔✔Equally in undivided interest
,Subdivided Land Laws refer to - ANSWER ✔✔Subdivisions of 5+
parcels on 160 acres, regulated marketing & financing, and requires
disclosures in public report.
How long is a disclosure in public report for Subdivided Land Laws good
for? - ANSWER ✔✔5 Years
When does a tax year run? - ANSWER ✔✔July 1-June 30
Legally combining smaller, adjacent parcels of land to form a larger
parcel. - ANSWER ✔✔Plottage or assemblage
Separating large parcels into smaller lots - ANSWER ✔✔Subdividing
or separating
Amount or size of land being increased by natural forces such as
deposits by wind or water. - ANSWER ✔✔Accretion
Gradual uncovering of land previously covered by water such as when a
stream changes course. - ANSWER ✔✔Reliction
The Statute of Limitations in the state of California allows how long to
take action? - ANSWER ✔✔4 years
, The process by which the court may seize real or personal property as
security for a satisfaction of monetary judgement. - ANSWER
✔✔Attachment
When is a 20-day preliminary notice of a mechanics lien need to be
issued? - ANSWER ✔✔20-days after the claimant (contractor) has
first furnished labor, services, equipment, or materials.
What is the purpose of issuing a preliminary notice of a mechanics lien
to a claimant? - ANSWER ✔✔To inform concerned parties that the
property may be subject to liens arising out of contract.
What is the brokers relationship to the customer? - ANSWER ✔✔The
broker is the agent to the customer (customer employs the broker).
What is the agents (salesperson) relationship to the broker? -
ANSWER ✔✔The salesperson is the agent to the broker (the broker
gives the salesperson authority to act on his/her behalf).
A Home Equity Line of Credit is - ANSWER ✔✔An Open Ended
Mortgage
An Open Ended Mortgage is - ANSWER ✔✔A type of note that
permits the borrower to obtain more money at a future date under the
same deed of trust.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
2026 Exam Questions and
Answers | Already Graded A+
In reference to Property Taxes, "basis" or "cost" is - ANSWER
✔✔Purchase price of prop plus cost of improvements.
How is a condominium unit owned? - ANSWER ✔✔Separate interest
How are common interests in a condo owned? - ANSWER
✔✔Equally in undivided interest
,Subdivided Land Laws refer to - ANSWER ✔✔Subdivisions of 5+
parcels on 160 acres, regulated marketing & financing, and requires
disclosures in public report.
How long is a disclosure in public report for Subdivided Land Laws good
for? - ANSWER ✔✔5 Years
When does a tax year run? - ANSWER ✔✔July 1-June 30
Legally combining smaller, adjacent parcels of land to form a larger
parcel. - ANSWER ✔✔Plottage or assemblage
Separating large parcels into smaller lots - ANSWER ✔✔Subdividing
or separating
Amount or size of land being increased by natural forces such as
deposits by wind or water. - ANSWER ✔✔Accretion
Gradual uncovering of land previously covered by water such as when a
stream changes course. - ANSWER ✔✔Reliction
The Statute of Limitations in the state of California allows how long to
take action? - ANSWER ✔✔4 years
, The process by which the court may seize real or personal property as
security for a satisfaction of monetary judgement. - ANSWER
✔✔Attachment
When is a 20-day preliminary notice of a mechanics lien need to be
issued? - ANSWER ✔✔20-days after the claimant (contractor) has
first furnished labor, services, equipment, or materials.
What is the purpose of issuing a preliminary notice of a mechanics lien
to a claimant? - ANSWER ✔✔To inform concerned parties that the
property may be subject to liens arising out of contract.
What is the brokers relationship to the customer? - ANSWER ✔✔The
broker is the agent to the customer (customer employs the broker).
What is the agents (salesperson) relationship to the broker? -
ANSWER ✔✔The salesperson is the agent to the broker (the broker
gives the salesperson authority to act on his/her behalf).
A Home Equity Line of Credit is - ANSWER ✔✔An Open Ended
Mortgage
An Open Ended Mortgage is - ANSWER ✔✔A type of note that
permits the borrower to obtain more money at a future date under the
same deed of trust.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
