CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
Which document is used to give a buyer an overview of the title
history and information about what is or isn't covered in an
insurance policy? -
correct answer ✅Preliminary report
Buyer Maria and seller Doug are closing on June 1. Maria's
mortgage loan is $927.86, and $871.86 will go to interest in the first
month. Maria will have to pre-pay interest for June using the 360-
day proration method. If Doug owns the closing day, what Maria's
prepaid interest cost be at closing? -
correct answer ✅$842.74
Which of the following is one of the primary reasons that
developers like to invest in unimproved land?
A. It looks good to top investors to have a portfolio of unimproved
land.
B. It's easier to build on a blank canvas than it is to retrofit existing
infrastructure.
,CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
C. It's profitable immediately.
D. Structures are already erected on the land, limiting the
development that needs to be done. -
correct answer ✅B. It's easier to build on a blank canvas than it is
to retrofit existing infrastructure.
Buyer Peter is eager to make an offer on the two-story home you
just showed him, but you're concerned about the back bedroom,
since it looks like a relatively recent addition. When Peter asks you
why it's an issue, how do you respond? -
correct answer ✅You recommend that Peter check on the permits
for it, so that he doesn't buy the house and then have to correct or
even remove the addition because it wasn't built to code.
According to national standards for measuring square footage of a
dwelling, which space should be included? -
correct answer ✅Attached accessory apartment
Which physical characteristic of land addresses the concept that
land isn't interchangeable, and one piece of land isn't exactly like
,CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
another? -
correct answer ✅Uniqueness
What's the definition of a qualified mortgage? -
correct answer ✅One that meets stringent CFPB guidelines
Jim would like to sell his own home. What is the minimum real
estate license he must possess? -
correct answer ✅None
Jason, your client, is developing a subdivision of 140 houses. He
may place deed restrictions on as many as ______ properties. -
correct answer ✅140 (100%)
How old must an individual be to qualify for a real estate broker
license in California? -
correct answer ✅18
The ______ was enacted in 2010 to create stricter regulation of the
financial services industry to reduce costs for consumers from (for
instance), undisclosed kickbacks. -
, CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
correct answer ✅Dodd-Frank Wall Street Reform and Consumer
Protection Act
In which type of common interest subdivision are the owner's
shareholders in a corporation that owns the property? -
correct answer ✅Stock cooperative project
Which option describes a real property tax lien? -
correct answer ✅Specific and involuntary
Mark is offering to purchase Sarah's house. They agree, and open
an escrow account together. Mark and Sarah would be considered
what to the escrow? -
correct answer ✅Principals
Lawrence is a buyer closing on a home purchase for which he's
obtaining financing. He receives a Loan Estimate from his lender.
What's one purpose of this document? -
correct answer ✅To provide the estimated closing costs for
Lawrence's loan
Exam Questions + Verified Answers
100% correct, Update 2026
Which document is used to give a buyer an overview of the title
history and information about what is or isn't covered in an
insurance policy? -
correct answer ✅Preliminary report
Buyer Maria and seller Doug are closing on June 1. Maria's
mortgage loan is $927.86, and $871.86 will go to interest in the first
month. Maria will have to pre-pay interest for June using the 360-
day proration method. If Doug owns the closing day, what Maria's
prepaid interest cost be at closing? -
correct answer ✅$842.74
Which of the following is one of the primary reasons that
developers like to invest in unimproved land?
A. It looks good to top investors to have a portfolio of unimproved
land.
B. It's easier to build on a blank canvas than it is to retrofit existing
infrastructure.
,CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
C. It's profitable immediately.
D. Structures are already erected on the land, limiting the
development that needs to be done. -
correct answer ✅B. It's easier to build on a blank canvas than it is
to retrofit existing infrastructure.
Buyer Peter is eager to make an offer on the two-story home you
just showed him, but you're concerned about the back bedroom,
since it looks like a relatively recent addition. When Peter asks you
why it's an issue, how do you respond? -
correct answer ✅You recommend that Peter check on the permits
for it, so that he doesn't buy the house and then have to correct or
even remove the addition because it wasn't built to code.
According to national standards for measuring square footage of a
dwelling, which space should be included? -
correct answer ✅Attached accessory apartment
Which physical characteristic of land addresses the concept that
land isn't interchangeable, and one piece of land isn't exactly like
,CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
another? -
correct answer ✅Uniqueness
What's the definition of a qualified mortgage? -
correct answer ✅One that meets stringent CFPB guidelines
Jim would like to sell his own home. What is the minimum real
estate license he must possess? -
correct answer ✅None
Jason, your client, is developing a subdivision of 140 houses. He
may place deed restrictions on as many as ______ properties. -
correct answer ✅140 (100%)
How old must an individual be to qualify for a real estate broker
license in California? -
correct answer ✅18
The ______ was enacted in 2010 to create stricter regulation of the
financial services industry to reduce costs for consumers from (for
instance), undisclosed kickbacks. -
, CA Real Estate: Comprehensive Practice
Exam Questions + Verified Answers
100% correct, Update 2026
correct answer ✅Dodd-Frank Wall Street Reform and Consumer
Protection Act
In which type of common interest subdivision are the owner's
shareholders in a corporation that owns the property? -
correct answer ✅Stock cooperative project
Which option describes a real property tax lien? -
correct answer ✅Specific and involuntary
Mark is offering to purchase Sarah's house. They agree, and open
an escrow account together. Mark and Sarah would be considered
what to the escrow? -
correct answer ✅Principals
Lawrence is a buyer closing on a home purchase for which he's
obtaining financing. He receives a Loan Estimate from his lender.
What's one purpose of this document? -
correct answer ✅To provide the estimated closing costs for
Lawrence's loan
