CALIFORNIA HOUSEHOLD MOVERS’ EXAM BANK |
ACCURATE REAL EXAM QUESTIONS AND | | LATEST
UPDATE 2026
26 of 50 - Brian and Leslie have made an offer on Rudy and Judith's
home. The first offer was rejected by the sellers. Brian and Leslie made
another offer; Rudy and Judith rejected that offer. Never quitters, Brian
and Leslie decided to try one last time and present their last and best
offer. Rudy and Judith decide the prospective buyers are close, and
make a counteroffer. What's the situation after a counteroffer is made
by the sellers?
A. The sellers cannot make a counteroffer to the buyer. They can either
accept the buyer's offer or reject it.
B. Once the counteroffer is made by the seller, the buyer's original offer
becomes invalid. If the buyers accepts the offer the seller has made, the
same process takes place as with a regular offer.
C. The process will basically start completely from scratch. If the buyers
reject the seller's counteroffer, the sellers can go back to the buyer's
previous offer and accept.
D. - ANSWER -B. Once the counteroffer is made by the seller, the
buyer's original offer becomes invalid. If the buyers accepts the offer
the seller has made, the same process takes place as with a regular
offer.
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27 of 50 - Anthony is adding a new deck to his home. He has obtained
all the necessary building permits to construct his new deck. Anthony's
neighbor, Steve, informed him he has to have a California State
Contractor's License to even work on his own property. Anthony says
that Steve is wrong. Who is right in this situation?
A. Anthony is correct, anyone who does the business of a contractor
must be licensed.
B. Steve is correct, any major work conducted on real property must be
done by a licensed state contractor.
C. Anthony is correct. Anyone who does the business of a contractor
must be licensed. Unless, the property owner is planning to sell the
finished real estate project, he does not need a license to work on his
own property.
D. None of the Above. - ANSWER -C. Anthony is correct. Anyone who
does the business of a contractor must be licensed. Unless, the
property owner is planning to sell the finished real estate project, he
does not need a license to work on his own property.
28 of 50 - What is the mill rate of .017?
A. 0.0017
B. 1.07
C. 1.7
D. 17 - ANSWER -D. 17
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29 of 50 - Marcus wants to have the deed to his new home recorded to
protect his ownership rights. In order to record the deed, it must be
notarized. Marcus must go before a notary public and verify the signing
of the deed. The notary then signs the deed. The verification of Marcus'
signature in the signing of the deed is known as:
A. Autograph
B. Attestation
C. Recording
D. Caveat Emptor - ANSWER -B. Attestation
30 of 50 - Karen and Jay need a larger home. They have two large dogs
and a baby on the way. One day in the real estate section, they see their
dream home. The couple view the home that very day, make an offer
and it's accepted. There's only one problem: They haven't even put
their home on the market. Which type of loan gives Karen and Jay their
best option of paying two mortgages until their current home sells?
A. A Participation Mortgage
B. A Bridge Loan
C. A Sale-Leaseback
D. A Contract for Deed - ANSWER -B. A Bridge Loan
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31 of 50 - Lois is selling her needlework shop to Simon. Simon is also
purchasing the name of the business from Lois, all of the fixtures, and
the inventory. Lois is essentially handing over the entire business, from
top to bottom, to Simon, who is planning continuing what she had
started. What are the essential elements of this business opportunity
sale?
A. A Bill of Sale
B. Financial Statements
C. Goodwill
D. Both A and B - ANSWER -D. Both A and B
32 of 50 - Tamara and her children live in a subdivision with a tennis
court and swimming pool. Her children are thrilled to be able to use
these wonderful amenities. Who actually owns the tennis court and
swimming pool? Tamara and her children reside in which type of
common interest development?
A. The tennis court and swimming pool are owned by the investors in
the subdivision development. It is a Planned Unit Development.
B. The tennis court and swimming pool are owned in common by all the
property owners. It is a Planned Unit Development.
C. The tennis court and swimming pool are owned in common by all the
property owners. It is a subdivision.
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