DRE SALESPERSON EXAM| COMPLETE QUESTIONS WITH 100% RATED CORRECT ANSWERS |
GRADED A+ | 2025/2026 LATEST UPDATE
A carpenter installed hardwood floors in a new home. The owner later refused to pay him. A
mechanic's lien action filed by the carpenter would revert back to the date of The
commencement of the house
Many items are subject to proration in the real property sale escrow. Buyers and sellers using
escrow normally agree to a proration of which of the following Rent
A brother and sister held title to a duplex as joint tenants. Other than this property, their
business and personal affairs were conducted separately. When the brother died, he was
insolvent, and owed several creditors substantial unsecured amounts of money. Title to the
duplex would now be held by the sister Free of the debts of the brother
Statute of Limitations for a breach of contract claim is... 4 years
For a contract of real property to be enforceable, the consideration must be relative and of
sufficient value in order to enforce a suit for.. specific performance
GPAM GPAM stands for Graduated Payment Adjustable Mortgage. payment is deferred at
the beginning of the loan
Equity A down payment on a property.
,The periodic repayments of the amount owed on a loan, minus the total loan amount.
The value a property owner has in the property, minus any liens against it.
When appraising using the capitalization method, the most challenging is selecting a
capitalization rate
(when using the capitalization rate for an income property there are a lot of factors to consider
and one of them is the investor's rate of return)
a mortgage loan broker is required to hold a CA real estate license
A seller is signing a listing agreement and deletes (removes/strikes out) the following verbiage,
"Agency is hereby authorized to accept on my behalf a deposit toward the purchase price in any
amount." If the real estate agent finds a buyer, what will occur next? If the agent accepts a
deposit, they hold it as an agent of the buyer until the offer is accepted by the seller (they do
not hold it as an agent of the seller)
When real estate agents are involved as a principal in a real estate transaction, such as buying
property for their own account, the agent: must disclose to all parties that they are a
licensed agent
A writ of execution is similar to A sheriffs sale
,Unruh Civil Rights Act A California law which prohibits discrimination by a BUSINESS
ESTABLISHMENT based on sex, race, color, religion, ancestry, national origin, disability or
medical condition. A real estate practice is a business establishment.
When does a broker not have to present an offer to purchase real property to the seller?
When the offer is frivolous, or the agent is acting on written instructions by the principal
What does the Subdivision Map Act require? The subdivider to prepare and file a tentative
map of the subdivision with the local town, city or county
An easement appurtenant requires ALL OF the following two properties with separate
ownership
benefit to one tract of land and a burden to another
transferability with the land
appropriation When rights are given by appropriation, they are given in a judicial manner or
by the government.
Steve sold his cabin to Chris on April 3rd, 2015. The tax for the 2015-2016 tax year is a lien
on the cabin
In "tenancy in common" there is always a unity of possession
, If a residential landlord under a month-to-month rental agreement desires to increase rent less
than 10%, the landlord serves a 30-day notice of change in rental terms.
Consider a prepaid rental listing service that intends to relocate. When is the listing service
required to provide notice of the new address and telephone number to its clients? Before
the move is to occur.
An easement that does not specify a location is: valid.
Leverage requires using as little equity investment as possible such as minimum down
payment
easement in gross held by an individual, typically a public utility company
An option becomes a binding contract on both parties when the option is exercised
Liquidated damage clause A liquidated damages clause in a purchase agreement sets the
maximum dollar amount a seller may recover from the buyer on the buyer's breach. It is limited
by statute to 3% of the purchase price. Without the clause, the buyer may be liable for the
entire amount of financial loss suffered by the seller due to the buyer's breach
Property can be transferred without consideration with a gift deed. However, the transfer by a
gift deed may be voided by creditor of the grantor
GRADED A+ | 2025/2026 LATEST UPDATE
A carpenter installed hardwood floors in a new home. The owner later refused to pay him. A
mechanic's lien action filed by the carpenter would revert back to the date of The
commencement of the house
Many items are subject to proration in the real property sale escrow. Buyers and sellers using
escrow normally agree to a proration of which of the following Rent
A brother and sister held title to a duplex as joint tenants. Other than this property, their
business and personal affairs were conducted separately. When the brother died, he was
insolvent, and owed several creditors substantial unsecured amounts of money. Title to the
duplex would now be held by the sister Free of the debts of the brother
Statute of Limitations for a breach of contract claim is... 4 years
For a contract of real property to be enforceable, the consideration must be relative and of
sufficient value in order to enforce a suit for.. specific performance
GPAM GPAM stands for Graduated Payment Adjustable Mortgage. payment is deferred at
the beginning of the loan
Equity A down payment on a property.
,The periodic repayments of the amount owed on a loan, minus the total loan amount.
The value a property owner has in the property, minus any liens against it.
When appraising using the capitalization method, the most challenging is selecting a
capitalization rate
(when using the capitalization rate for an income property there are a lot of factors to consider
and one of them is the investor's rate of return)
a mortgage loan broker is required to hold a CA real estate license
A seller is signing a listing agreement and deletes (removes/strikes out) the following verbiage,
"Agency is hereby authorized to accept on my behalf a deposit toward the purchase price in any
amount." If the real estate agent finds a buyer, what will occur next? If the agent accepts a
deposit, they hold it as an agent of the buyer until the offer is accepted by the seller (they do
not hold it as an agent of the seller)
When real estate agents are involved as a principal in a real estate transaction, such as buying
property for their own account, the agent: must disclose to all parties that they are a
licensed agent
A writ of execution is similar to A sheriffs sale
,Unruh Civil Rights Act A California law which prohibits discrimination by a BUSINESS
ESTABLISHMENT based on sex, race, color, religion, ancestry, national origin, disability or
medical condition. A real estate practice is a business establishment.
When does a broker not have to present an offer to purchase real property to the seller?
When the offer is frivolous, or the agent is acting on written instructions by the principal
What does the Subdivision Map Act require? The subdivider to prepare and file a tentative
map of the subdivision with the local town, city or county
An easement appurtenant requires ALL OF the following two properties with separate
ownership
benefit to one tract of land and a burden to another
transferability with the land
appropriation When rights are given by appropriation, they are given in a judicial manner or
by the government.
Steve sold his cabin to Chris on April 3rd, 2015. The tax for the 2015-2016 tax year is a lien
on the cabin
In "tenancy in common" there is always a unity of possession
, If a residential landlord under a month-to-month rental agreement desires to increase rent less
than 10%, the landlord serves a 30-day notice of change in rental terms.
Consider a prepaid rental listing service that intends to relocate. When is the listing service
required to provide notice of the new address and telephone number to its clients? Before
the move is to occur.
An easement that does not specify a location is: valid.
Leverage requires using as little equity investment as possible such as minimum down
payment
easement in gross held by an individual, typically a public utility company
An option becomes a binding contract on both parties when the option is exercised
Liquidated damage clause A liquidated damages clause in a purchase agreement sets the
maximum dollar amount a seller may recover from the buyer on the buyer's breach. It is limited
by statute to 3% of the purchase price. Without the clause, the buyer may be liable for the
entire amount of financial loss suffered by the seller due to the buyer's breach
Property can be transferred without consideration with a gift deed. However, the transfer by a
gift deed may be voided by creditor of the grantor
