California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.1. A title was recorded for a parcel of real property vested
in the name of Johan Wilson, a single woman. After her
marriage to William Roberts, she executed a deed to the
property only in the name of Johan Roberts, a married
woman. The discrepancy in the grantors name is:
A. Valid if William Roberts agrees to it
B. A defect on title that may cause title to be vested as
tenants in common
C. Immaterial if the property is properly described
D. A defect which may cause a cloud on the title - Correct
Answer ✅ A defect which may cause a cloud on the title.
1.2. Which contract would be the most difficult for a buyer to
obtain financing?
A. Land Contract
B. FHA
C. VA
D. Conventional - Correct Answer ✅ Land Contract
,California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.3. When a broker runs an advertisement, the broker must
disclose:
A. Last name of the broker
B. Name of the broker
C. Name of broker and salesperson
D. Name of the salesperson - Correct Answer ✅ Name of
the broker
1.4. Following in-house sales are true, except:
A. The listing agent can act as a dual agent
B. The listing broker can act as a buyers agent only
C. The broker may purchase the property himself
D. The seller may represent the seller only - Correct Answer
✅ The seller may represent the seller only
,California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.5. The Federal Housing Administration (FHA) was created
primarily:
A. To provide insurance for home loans in the secondary
market
B. To insure the borrower
C. To provide insurance for home loans made by approved
lender
D. To improve the economy for mortgage bankers - Correct
Answer ✅ To provide insurance for home loans made by
approved lenders
1.6. Which of the following loans on a home would probably
be made without requiring a down payment from the
borrower?
A. VA Loan
B. CAL-VET
C. FHA
D. Conventional - Correct Answer ✅ VA Loan
, California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.7. A person who wishes to purchase a home using the Cal-
Vet program would send his application to:
A. Department of Real Estate
B. Real Estate Commissioner
C. Department of Veterans Affairs
D. Veterans Administration - Correct Answer ✅ Department
of Veterans Affairs
1.8. The item that would appear on the debit side of a buyer's
closing statement would be:
A. Purchase Price
B. Prepaid Rents
C. Mortgage Insurance
D. Down Payment - Correct Answer ✅ Purchase Price
1.9. When dealing with the public, a broker may not:
Questions and Answers (Latest Update
2024)
1.1. A title was recorded for a parcel of real property vested
in the name of Johan Wilson, a single woman. After her
marriage to William Roberts, she executed a deed to the
property only in the name of Johan Roberts, a married
woman. The discrepancy in the grantors name is:
A. Valid if William Roberts agrees to it
B. A defect on title that may cause title to be vested as
tenants in common
C. Immaterial if the property is properly described
D. A defect which may cause a cloud on the title - Correct
Answer ✅ A defect which may cause a cloud on the title.
1.2. Which contract would be the most difficult for a buyer to
obtain financing?
A. Land Contract
B. FHA
C. VA
D. Conventional - Correct Answer ✅ Land Contract
,California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.3. When a broker runs an advertisement, the broker must
disclose:
A. Last name of the broker
B. Name of the broker
C. Name of broker and salesperson
D. Name of the salesperson - Correct Answer ✅ Name of
the broker
1.4. Following in-house sales are true, except:
A. The listing agent can act as a dual agent
B. The listing broker can act as a buyers agent only
C. The broker may purchase the property himself
D. The seller may represent the seller only - Correct Answer
✅ The seller may represent the seller only
,California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.5. The Federal Housing Administration (FHA) was created
primarily:
A. To provide insurance for home loans in the secondary
market
B. To insure the borrower
C. To provide insurance for home loans made by approved
lender
D. To improve the economy for mortgage bankers - Correct
Answer ✅ To provide insurance for home loans made by
approved lenders
1.6. Which of the following loans on a home would probably
be made without requiring a down payment from the
borrower?
A. VA Loan
B. CAL-VET
C. FHA
D. Conventional - Correct Answer ✅ VA Loan
, California Real Estate License Exam 1
Questions and Answers (Latest Update
2024)
1.7. A person who wishes to purchase a home using the Cal-
Vet program would send his application to:
A. Department of Real Estate
B. Real Estate Commissioner
C. Department of Veterans Affairs
D. Veterans Administration - Correct Answer ✅ Department
of Veterans Affairs
1.8. The item that would appear on the debit side of a buyer's
closing statement would be:
A. Purchase Price
B. Prepaid Rents
C. Mortgage Insurance
D. Down Payment - Correct Answer ✅ Purchase Price
1.9. When dealing with the public, a broker may not:
