CA Real Estate Exam 2023/2024 Practice (With 100% correct answers)

How many square feet in one acre? correct answers There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? correct answers $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller received 92% of the selling price. So, the equation would look like this: Amount seller received (306,000) = P (selling price) x 92% (0.92) 306,000 = P x 0.92 To isolate P (the unknown) on one side, divide both sides of the equation by 0.92 and you have: 306,0000.92=P Divide and you have the actual answer: 332,608.695 etc. Notice that the question says "about," so round to find the correct answer among the choices given: $332,600 Which of the following is a violation of the Fair Housing act? correct answers not allowing a service dog in an apartment complex that doesn't allow pets According to Fair Housing laws, a handicapped individual who needs a service dog is permitted to have one even if animals are not generally allowed on the property. However, the person is responsible to pay for any damage the animal causes when their tenancy is up. In new multiple-story housing properties, accommodations must be made on the first floor only. According to Fair Housing laws, which of these people is not considered disabled? correct answers a former convict According to Fair Housing laws, people whose mental or physical condition limits their performance of major life activities is "disabled." So, alcoholics, drug addicts, and HIV-infected people are considered disabled, but having been a convict does not qualify as a disability. Sarah owns a warehouse and has decided to sell it as an open listing. She has contacted three brokers to sell it for her, Brokers A, B, and C. If Broker B makes the sale, who gets the commission? correct answers Broker B In an open listing, whichever broker sells the property gets the commission. What information would be unethical for a listing agent to share with a potential buyer? correct answers "The seller is very eager for an offer because he lost his job and found a new one in a different state." It is inappropriate for a listing agent to tell a prospective buyer personal information about the seller, even if it may encourage a sale. The only exception would be in the case of a seller