California Real Estate Salesperson
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1. Which of the following is required for a valid real estate contract?
A. Witnesses
B. Notarization
C. Offer, acceptance, and consideration
D. Recording with the county
C. Offer, acceptance, and consideration
A contract requires mutual agreement and consideration; notarization
and recording are not required.
2. A listing agent owes fiduciary duties to:
A. The buyer
B. The seller
C. Both buyer and seller
D. The public
B. The seller
A listing agent represents the seller and owes loyalty, obedience,
disclosure, confidentiality, and accounting to the seller.
3. What type of ownership involves two or more people with rights of
survivorship?
A. Tenancy in common
B. Joint tenancy
, C. Community property
D. Severalty
B. Joint tenancy
Joint tenancy includes the right of survivorship, meaning the share
passes automatically to surviving owners.
4. A real estate agent must give the Transfer Disclosure Statement (TDS) to
a buyer:
A. Only if the property is new
B. Only if asked by the buyer
C. On all residential property sales with one-to-four units
D. Only for commercial properties
C. On all residential property sales with one-to-four units
California law requires disclosure of known material facts for most
residential properties with one to four units.
5. A property sells for $500,000. The listing agent's commission is 6%. How
much does the agent earn if the commission is split 50/50 with the
buyer’s agent?
A. $30,000
B. $15,000
C. $25,000
D. $12,500
B. $15,000
6% of $500,000 is $30,000. Split equally, each agent earns $15,000.
6. A property is sold "as-is." The seller:
A. Has no disclosure obligations
B. Must disclose material facts
C. Must make repairs
D. Cannot accept backup offers
B. Must disclose material facts
Even in an as-is sale, the seller must disclose known defects affecting
value or desirability.
7. Which of the following is a type of involuntary lien?
A. Mortgage
, B. Mechanics lien
C. Deed of trust
D. Easement
B. Mechanics lien
A mechanics lien arises by operation of law to secure payment for labor
or materials.
8. What is the purpose of a preliminary title report?
A. To determine the sale price
B. To identify title defects
C. To appraise the property
D. To create an escrow account
B. To identify title defects
The preliminary title report shows liens, encumbrances, and other
matters affecting title.
9. A lease where the rent varies depending on the tenant's income is called:
A. Gross lease
B. Net lease
C. Percentage lease
D. Variable lease
C. Percentage lease
A percentage lease bases rent on a percentage of the tenant’s sales or
income.
10.Which of the following is considered a material fact in real estate?
A. The color of the walls
B. A nearby freeway
C. Previous termite damage
D. The seller’s favorite paint brand
C. Previous termite damage
Material facts are those that could affect the buyer’s decision to
purchase or the property value.
11.The main purpose of the Real Estate Settlement Procedures Act (RESPA)
is to:
A. Regulate commissions
Exam With Actual Questions & Verified
Answers,Plus Rationales/Expert
Verified For Guaranteed Pass Graded
A+/2026 /Latest Update/Instant
Download Pdf
1. Which of the following is required for a valid real estate contract?
A. Witnesses
B. Notarization
C. Offer, acceptance, and consideration
D. Recording with the county
C. Offer, acceptance, and consideration
A contract requires mutual agreement and consideration; notarization
and recording are not required.
2. A listing agent owes fiduciary duties to:
A. The buyer
B. The seller
C. Both buyer and seller
D. The public
B. The seller
A listing agent represents the seller and owes loyalty, obedience,
disclosure, confidentiality, and accounting to the seller.
3. What type of ownership involves two or more people with rights of
survivorship?
A. Tenancy in common
B. Joint tenancy
, C. Community property
D. Severalty
B. Joint tenancy
Joint tenancy includes the right of survivorship, meaning the share
passes automatically to surviving owners.
4. A real estate agent must give the Transfer Disclosure Statement (TDS) to
a buyer:
A. Only if the property is new
B. Only if asked by the buyer
C. On all residential property sales with one-to-four units
D. Only for commercial properties
C. On all residential property sales with one-to-four units
California law requires disclosure of known material facts for most
residential properties with one to four units.
5. A property sells for $500,000. The listing agent's commission is 6%. How
much does the agent earn if the commission is split 50/50 with the
buyer’s agent?
A. $30,000
B. $15,000
C. $25,000
D. $12,500
B. $15,000
6% of $500,000 is $30,000. Split equally, each agent earns $15,000.
6. A property is sold "as-is." The seller:
A. Has no disclosure obligations
B. Must disclose material facts
C. Must make repairs
D. Cannot accept backup offers
B. Must disclose material facts
Even in an as-is sale, the seller must disclose known defects affecting
value or desirability.
7. Which of the following is a type of involuntary lien?
A. Mortgage
, B. Mechanics lien
C. Deed of trust
D. Easement
B. Mechanics lien
A mechanics lien arises by operation of law to secure payment for labor
or materials.
8. What is the purpose of a preliminary title report?
A. To determine the sale price
B. To identify title defects
C. To appraise the property
D. To create an escrow account
B. To identify title defects
The preliminary title report shows liens, encumbrances, and other
matters affecting title.
9. A lease where the rent varies depending on the tenant's income is called:
A. Gross lease
B. Net lease
C. Percentage lease
D. Variable lease
C. Percentage lease
A percentage lease bases rent on a percentage of the tenant’s sales or
income.
10.Which of the following is considered a material fact in real estate?
A. The color of the walls
B. A nearby freeway
C. Previous termite damage
D. The seller’s favorite paint brand
C. Previous termite damage
Material facts are those that could affect the buyer’s decision to
purchase or the property value.
11.The main purpose of the Real Estate Settlement Procedures Act (RESPA)
is to:
A. Regulate commissions
