California Real Estate Exam with
correct answers 2026
InvreferencevtovPropertyvTaxes,v"basis"vorv"cost"visv-vcorrect-
answersvPurchasevpricevofvpropvplusvcostvofvimprovements.
Howvisvavcondominiumvunitvowned?gSeparatevinterest
Howvarevcommonvinterestsvinvavcondovowned?gEquallyvinvundividedvinterest
SubdividedvLandvLawsvrefervtog
Subdivisionsvofv5+vparcelsvonv160vacres,vregulatedvmarketingv&vfinancing,vandvrequiresvdisclosure
svinvpublicvreport.
HowvlongvisvavdisclosurevinvpublicvreportvforvSubdividedvLandvLawsvgoodvfor?v-vcorrect-
answersv5vYears
,Whenvdoesvavtaxvyearvrun?gJulyv1-Junev30
Legallyvcombiningvsmaller,vadjacentvparcelsvofvlandvtovformvavlargervparcel.v-vcorrect-
answersvPlottagevorvassemblage
SeparatingvlargevparcelsvintovsmallervlotsgSubdividingvorvseparating
Amountvorvsizevofvlandvbeingvincreasedvbyvnaturalvforcesvsuchvasvdepositsvbyvwindvorvwater.vvco
rrect-answersv-Accretion
Gradualvuncoveringvofvlandvpreviouslyvcoveredvbyvwatervsuchvasvwhenvavstreamvchangesvcourse.v
vcorrect-answersv-Reliction
ThevStatutevofvLimitationsvinvthevstatevofvCaliforniavallowsvhowvlongvtovtakevaction?v-
vcorrectanswersv-4vyears
Thevprocessvbyvwhichvthevcourtvmayvseizevrealvorvpersonalvpropertyvasvsecurityvforvavsatisfaction
vo fvmonetaryvjudgement.gAttachment
Whenvisvav20-
dayvpreliminaryvnoticevofvavmechanicsvlienvneedvtovbevissued?g20daysvaftervthevclaimantv(contrac
tor)vhasvfirstvfurnishedvlabor,vservices,vequipment,vorvmaterials.
Whatvisvthevpurposevofvissuingvavpreliminaryvnoticevofvavmechanicsvlienvtovavclaimant?v-
vcorrectanswersv-
Tovinformvconcernedvpartiesvthatvthevpropertyvmayvbevsubjectvtovliensvarisingvoutvofvcontract.
Whatvisvthevbrokersvrelationshipvtovthevcustomer?v-vcorrect-
answersvThevbrokervisvthevagentvtovthevcustomerv(customervemploysvthevbroker).
Whatvisvthevagentsv(salesperson)vrelationshipvtovthevbroker?g
, Thevsalespersonvisvthevagentvtovthevbrokerv(thevbrokervgivesvthevsalespersonvauthorityvtovactvon
vhi s/hervbehalf).
AvHomevEquityvLinevofvCreditvisgAnvOpenvEndedvMortgage
AnvOpenvEndedvMortgagevisg
Avtypevofvnotevthatvpermitsvthevborrowervtovobtainvmorevmoneyvatvavfuturevdatevundervthevsa
mev deedvofvtrust.
ZoningvisvanvexamplevofgPolicevpower
Localvjurisdictionsvhavevthevauthorityvtovdividevlandvintovdistrictsvandvimposevlandvusevregulations
v tovpromotevhealth,vsafety,vandvwelfarevofvthevpublic--thisvisvknownvasgZoning
Whenvcanvrestrictionsvplacedvonvavdeedvbevremoved?gNever
Whatvisvthevonlyvrestrictionvplacedvonvavdeedvthatvisvconsideredvillegal?v-vcorrect-
answersvRacevrestrictions
Isvanvoptionvcontractvbilateralvorvunilateral?gUnilateral
WhatvdoesvanvoptionvcontractvNOTvdo?gCreatevavlegalvinterestvinvavproperty
Ifvavbuyervhasvdefaultedvonvonvanvoriginalvlandvcontractvwhichvhadvbeenvrecorded,vthisvwouldvre
sul tvinvavdefectivevtitle,vrequiringvlegalvactionvtovclearvthevtitle.vThisvisvcalledv-vcorrect-
answersvavQuietvTitlevAction.
AvpromisevisvalsovknownvasvagCovenant
correct answers 2026
InvreferencevtovPropertyvTaxes,v"basis"vorv"cost"visv-vcorrect-
answersvPurchasevpricevofvpropvplusvcostvofvimprovements.
Howvisvavcondominiumvunitvowned?gSeparatevinterest
Howvarevcommonvinterestsvinvavcondovowned?gEquallyvinvundividedvinterest
SubdividedvLandvLawsvrefervtog
Subdivisionsvofv5+vparcelsvonv160vacres,vregulatedvmarketingv&vfinancing,vandvrequiresvdisclosure
svinvpublicvreport.
HowvlongvisvavdisclosurevinvpublicvreportvforvSubdividedvLandvLawsvgoodvfor?v-vcorrect-
answersv5vYears
,Whenvdoesvavtaxvyearvrun?gJulyv1-Junev30
Legallyvcombiningvsmaller,vadjacentvparcelsvofvlandvtovformvavlargervparcel.v-vcorrect-
answersvPlottagevorvassemblage
SeparatingvlargevparcelsvintovsmallervlotsgSubdividingvorvseparating
Amountvorvsizevofvlandvbeingvincreasedvbyvnaturalvforcesvsuchvasvdepositsvbyvwindvorvwater.vvco
rrect-answersv-Accretion
Gradualvuncoveringvofvlandvpreviouslyvcoveredvbyvwatervsuchvasvwhenvavstreamvchangesvcourse.v
vcorrect-answersv-Reliction
ThevStatutevofvLimitationsvinvthevstatevofvCaliforniavallowsvhowvlongvtovtakevaction?v-
vcorrectanswersv-4vyears
Thevprocessvbyvwhichvthevcourtvmayvseizevrealvorvpersonalvpropertyvasvsecurityvforvavsatisfaction
vo fvmonetaryvjudgement.gAttachment
Whenvisvav20-
dayvpreliminaryvnoticevofvavmechanicsvlienvneedvtovbevissued?g20daysvaftervthevclaimantv(contrac
tor)vhasvfirstvfurnishedvlabor,vservices,vequipment,vorvmaterials.
Whatvisvthevpurposevofvissuingvavpreliminaryvnoticevofvavmechanicsvlienvtovavclaimant?v-
vcorrectanswersv-
Tovinformvconcernedvpartiesvthatvthevpropertyvmayvbevsubjectvtovliensvarisingvoutvofvcontract.
Whatvisvthevbrokersvrelationshipvtovthevcustomer?v-vcorrect-
answersvThevbrokervisvthevagentvtovthevcustomerv(customervemploysvthevbroker).
Whatvisvthevagentsv(salesperson)vrelationshipvtovthevbroker?g
, Thevsalespersonvisvthevagentvtovthevbrokerv(thevbrokervgivesvthevsalespersonvauthorityvtovactvon
vhi s/hervbehalf).
AvHomevEquityvLinevofvCreditvisgAnvOpenvEndedvMortgage
AnvOpenvEndedvMortgagevisg
Avtypevofvnotevthatvpermitsvthevborrowervtovobtainvmorevmoneyvatvavfuturevdatevundervthevsa
mev deedvofvtrust.
ZoningvisvanvexamplevofgPolicevpower
Localvjurisdictionsvhavevthevauthorityvtovdividevlandvintovdistrictsvandvimposevlandvusevregulations
v tovpromotevhealth,vsafety,vandvwelfarevofvthevpublic--thisvisvknownvasgZoning
Whenvcanvrestrictionsvplacedvonvavdeedvbevremoved?gNever
Whatvisvthevonlyvrestrictionvplacedvonvavdeedvthatvisvconsideredvillegal?v-vcorrect-
answersvRacevrestrictions
Isvanvoptionvcontractvbilateralvorvunilateral?gUnilateral
WhatvdoesvanvoptionvcontractvNOTvdo?gCreatevavlegalvinterestvinvavproperty
Ifvavbuyervhasvdefaultedvonvonvanvoriginalvlandvcontractvwhichvhadvbeenvrecorded,vthisvwouldvre
sul tvinvavdefectivevtitle,vrequiringvlegalvactionvtovclearvthevtitle.vThisvisvcalledv-vcorrect-
answersvavQuietvTitlevAction.
AvpromisevisvalsovknownvasvagCovenant
