US Real Estate California Advanced Test 2

Real Estate » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — California Professional (Real Estate, USA) USA — California State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — California.
For adults preparing for Real Estate license in the USA
Section: Real Estate — California · Education: Professional (Adult) · Part: Real Estate — California · Country: USA · Region: USA — California

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is earnest money?

A) commission

B) fee

C) buyer good-faith deposit

D) tax

Question 2

What is a fiduciary duty?

A) dual profit

B) loyalty, obedience, care to client

C) secrecy from client

D) profit first

Question 3

What is agency in real estate?

A) broker acting for a client

B) tenancy

C) ownership

D) zoning

Question 4

What is a listing agreement?

A) lease

B) purchase offer

C) deed

D) contract to sell a property

Question 5

What is dual agency?

A) no representation

B) one broker representing both sides

C) two brokers

D) buyer only

Question 6

What is the Fair Housing Act?

A) tax law

B) zoning code

C) building code

D) bans housing discrimination

Question 7

What classes are protected in housing?

A) income

B) age only

C) race, color, religion, sex, handicap, family, national origin

D) politics

Question 8

What is redlining?

A) mapping

B) illegal denial by neighborhood

C) surveying

D) appraising

Question 9

What is steering?

A) showing homes

B) negotiating

C) guiding buyers by race (illegal)

D) advertising

Question 10

What is a CMA?

A) comparative market analysis

B) survey

C) appraisal

D) inspection

Question 11

What is an appraisal?

A) listing

B) inspection

C) offer

D) professional value opinion

Question 12

What are the three appraisal approaches?

A) list, sell, close

B) offer, accept, record

C) show, stage, sell

D) sales comparison, cost, income

Question 13

What is PITI?

A) a deed

B) principal, interest, taxes, insurance

C) a loan type

D) a tax

Question 14

What is LTV?

A) listing traffic volume

B) land title verification

C) loan-to-value ratio

D) lease term value

Question 15

What is PMI?

A) insurance for low down payments

B) flood insurance

C) title insurance

D) property tax

Question 16

What is escrow?

A) tax

B) neutral third-party holding

C) down payment

D) commission

Question 17

What is a deed?

A) offer

B) lease

C) ownership transfer document

D) loan paper

Question 18

What is a warranty deed?

A) lease

B) guarantees clear title

C) option

D) quitclaim

Question 19

What is a quitclaim deed?

A) transfers whatever interest exists

B) lease

C) full warranty

D) loan

Question 20

What is title insurance?

A) protects against title defects

B) flood policy

C) life insurance

D) home warranty

US Real Estate California Advanced Test 2

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