PPP 7 - CA Real Estate Broker Exam Prep Questions and Answers Already Passed Latest
Update 2025-2026
Assume a brother and sister own title in a parcel of real property as joint tenants. The sister
marries and deeds half her interest to her husband. Under these circumstances the brother now
holdstitle to the property as: - Answers A Tenant In Common
Who pays the points on a Cal-Vet loan? - Answers No one
Which of the following instruments requires a listing or an inventory of the main buildings on
real property being conveyed, sold or insured? - Answers None of the answers are true:
• A grant deed
• A CLTA policy of title insurance
• A land contract of sale.
A real estate broker who is charged with discriminatory practices for refusing to rent his
principals property to person other than Caucasian, may be subject to which of the following
penalties: - Answers Liable to pay $250 to the person against whom he discriminates, Have his
license suspended or revoked, and Actual damages.
Seller Able, the owner of Blackacre, lists the property for sale with broker Baker. Able fails to
authorize the agent to accept the deposit on his behalf. Buyer Charlie makes an offer on
Blackacre and gives broker Baker A check for $5,000 as a deposit. Under these circumstances,
broker Baker: - Answers Can accept the deposit an agent for the buyer Charlie and place the
moneys in the brokers trust fund.
Placing two or more contiguous units under common ownership for the purpose of increasing
the value per unit is known as: - Answers Plottage
A gift deed: - Answers May take the form of either a grant deed or a quitclaim deed.
Which of the following is a requirement for obtaining an original salesperson license? - Answers
The applicant must be honest and truthful.
An investment that was purchased as a hedge against inflation would best be exemplified by
which of the following: - Answers An income producing investment that will maintain its value.
Emblements are: - Answers Crops
Which of the following are the five essential elements of a bona fide exclusive listing agreement?
- Answers Signatures of the seller and broker, property description, listed price, commission rate,
term and conditions
, A licensed real estate broker who is representing the seller in a transaction, becomes the
gratuitous agent (no fee) of the buyer and accepts all of the fiduciary responsibilities as the
buyers agent when he or she: - Answers Sets up a financing package for the buyer including a
purchase money loan
The capitalization rate to be used in the income approach to the appraisal of real property
provides for a return on, and a return of, the investment in the improvements. A return of the
investment is provided for by means of: - Answers Depreciation Methods
The Statutory Dedication Process is completed when: - Answers The final subdivision map is
recorded
Which of the following is permitted to use the county recorders office and records without the
presence of a county employee?
Any of these: - Answers Member of Tax Assessors Office
Bank and Savings and Loan Employees
A private individual
In order for a deed of trust to be valid and enforceable, it must contain a clause requiring the
trustor to: - Answers Validate of the deed.
A 60-day safety clause in a listing contract provides that: - Answers If the broker has shown the
property to a specific buyer during the term of the listing, and that buyer buys the property within
60 days of the expiration of the listing, the broker has earned the commission
Community property is property owned by: - Answers Husband and wife
A township is: - Answers 36 Sections
An easement in gross: - Answers Burdens servient land
For federal income tax purposes, the term "basis" means: - Answers Purchase price plus the
cost of improvements.
You pay the most points under which type of financing: - Answers Conventional
A voluntary lien on real property generally takes priority when it is: - Answers Recorded
An agent acquired a listing for a house and orally promised to hold an open house every week
until the house was sold. The agent failed to hold them as promised. This is an example of: -
Answers Constructive Fraud
A dual agency may be created when: - Answers A buyer and a seller are represented by different
salespersons employed by the same broker.
Update 2025-2026
Assume a brother and sister own title in a parcel of real property as joint tenants. The sister
marries and deeds half her interest to her husband. Under these circumstances the brother now
holdstitle to the property as: - Answers A Tenant In Common
Who pays the points on a Cal-Vet loan? - Answers No one
Which of the following instruments requires a listing or an inventory of the main buildings on
real property being conveyed, sold or insured? - Answers None of the answers are true:
• A grant deed
• A CLTA policy of title insurance
• A land contract of sale.
A real estate broker who is charged with discriminatory practices for refusing to rent his
principals property to person other than Caucasian, may be subject to which of the following
penalties: - Answers Liable to pay $250 to the person against whom he discriminates, Have his
license suspended or revoked, and Actual damages.
Seller Able, the owner of Blackacre, lists the property for sale with broker Baker. Able fails to
authorize the agent to accept the deposit on his behalf. Buyer Charlie makes an offer on
Blackacre and gives broker Baker A check for $5,000 as a deposit. Under these circumstances,
broker Baker: - Answers Can accept the deposit an agent for the buyer Charlie and place the
moneys in the brokers trust fund.
Placing two or more contiguous units under common ownership for the purpose of increasing
the value per unit is known as: - Answers Plottage
A gift deed: - Answers May take the form of either a grant deed or a quitclaim deed.
Which of the following is a requirement for obtaining an original salesperson license? - Answers
The applicant must be honest and truthful.
An investment that was purchased as a hedge against inflation would best be exemplified by
which of the following: - Answers An income producing investment that will maintain its value.
Emblements are: - Answers Crops
Which of the following are the five essential elements of a bona fide exclusive listing agreement?
- Answers Signatures of the seller and broker, property description, listed price, commission rate,
term and conditions
, A licensed real estate broker who is representing the seller in a transaction, becomes the
gratuitous agent (no fee) of the buyer and accepts all of the fiduciary responsibilities as the
buyers agent when he or she: - Answers Sets up a financing package for the buyer including a
purchase money loan
The capitalization rate to be used in the income approach to the appraisal of real property
provides for a return on, and a return of, the investment in the improvements. A return of the
investment is provided for by means of: - Answers Depreciation Methods
The Statutory Dedication Process is completed when: - Answers The final subdivision map is
recorded
Which of the following is permitted to use the county recorders office and records without the
presence of a county employee?
Any of these: - Answers Member of Tax Assessors Office
Bank and Savings and Loan Employees
A private individual
In order for a deed of trust to be valid and enforceable, it must contain a clause requiring the
trustor to: - Answers Validate of the deed.
A 60-day safety clause in a listing contract provides that: - Answers If the broker has shown the
property to a specific buyer during the term of the listing, and that buyer buys the property within
60 days of the expiration of the listing, the broker has earned the commission
Community property is property owned by: - Answers Husband and wife
A township is: - Answers 36 Sections
An easement in gross: - Answers Burdens servient land
For federal income tax purposes, the term "basis" means: - Answers Purchase price plus the
cost of improvements.
You pay the most points under which type of financing: - Answers Conventional
A voluntary lien on real property generally takes priority when it is: - Answers Recorded
An agent acquired a listing for a house and orally promised to hold an open house every week
until the house was sold. The agent failed to hold them as promised. This is an example of: -
Answers Constructive Fraud
A dual agency may be created when: - Answers A buyer and a seller are represented by different
salespersons employed by the same broker.
