California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
A balloon payment is usually associated with a:
Variable mortgage that varies with the cost of living index
Blanket mortgage
Large payment during the term or at the end of the payment schedule
Package mortgage - ✔✔✔-Large payment during the term or at the end of the payment
schedule.
A broker who holds a valid listing on a property places a classified ad for the property containing
only the following information "For Sale - 3 bedroom, 2 bath home with swimming pool. Asking
price $165,000. Telephone 555-9276". This type of advertisement would be an example of a:
Silent ad
Qualified ad
Display ad
Blind ad - ✔✔✔-Blind ad
Blind advertising is any real estate advertisement that does not properly identify the broker. A
salesperson must always remember to include the employing broker's name in the
advertisement.
A contract between two parties both giving a promise for a promise is called a:
Unilateral contract
Bilateral contract
Special agreement
Collusion - ✔✔✔-Bilateral contract
, California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
A contract in which all parties have fulfilled their promises is a(n):
Completed contract
Expired contract
Executory contract
Executed contract - ✔✔✔-Executed contract
A contract that does not have all the necessary elements of a contract is:
Valid
Void
Enforceable by insinuation
Legally binding - ✔✔✔-Void
A contract that does not have all the necessary elements of a contract is void and unenforceable
by either party.
A fence that extends onto the land of another from a neighboring property is called an:
Encumbrance
Easement
Encroachment
Escheat - ✔✔✔-Encroachment
A fiduciary who holds or controls property for the benefit of another is called:
, California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
A beneficiary
A grantor
A trustee
A grantee - ✔✔✔-A trustee
A hispanic man called a landlord regarding a home for rent online. The landlord tells him the
property is already rented. His white friend then called the landlord to inquire about the
property and he arranged an appointment to show him the home. This is discrimination based
on:
Race
Familial status
Income
Religion - ✔✔✔-Race
A lease where the tenant pays the property taxes, maintenance and other expenses is a:
Percentage lease
Gross lease
Sandwich lease
Net lease - ✔✔✔-Net lease
A listing agreement in writing creates which form of agency?
Negligent agency
, California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
Implied agency
Express agency
Ostensible agency - ✔✔✔-Express agency
A written listing agreement creates an expressed agency. The agency relationship is expressed in
writing.
A new roof costs $7,500 and the economic life of the roof is 30 years. Using the straight line
depreciation method, what would the value of the roof be after 5 years?
$1,250
$5,500
$6,250
$1,500 - ✔✔✔-$6,250
$7, years = $250
$250 x 5 years =$1,250 total depreciation
$7,500 - $1,250 = $6,250
A partition suit is used for which of the following?
To allow construction of party walls
To change a tenancy by entireties to some other form of ownership
To force a division of property without all the owners' consents
Determination of party fences - ✔✔✔-To force a division of property without all the owners'
consents.
(2026 – Updated)
A balloon payment is usually associated with a:
Variable mortgage that varies with the cost of living index
Blanket mortgage
Large payment during the term or at the end of the payment schedule
Package mortgage - ✔✔✔-Large payment during the term or at the end of the payment
schedule.
A broker who holds a valid listing on a property places a classified ad for the property containing
only the following information "For Sale - 3 bedroom, 2 bath home with swimming pool. Asking
price $165,000. Telephone 555-9276". This type of advertisement would be an example of a:
Silent ad
Qualified ad
Display ad
Blind ad - ✔✔✔-Blind ad
Blind advertising is any real estate advertisement that does not properly identify the broker. A
salesperson must always remember to include the employing broker's name in the
advertisement.
A contract between two parties both giving a promise for a promise is called a:
Unilateral contract
Bilateral contract
Special agreement
Collusion - ✔✔✔-Bilateral contract
, California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
A contract in which all parties have fulfilled their promises is a(n):
Completed contract
Expired contract
Executory contract
Executed contract - ✔✔✔-Executed contract
A contract that does not have all the necessary elements of a contract is:
Valid
Void
Enforceable by insinuation
Legally binding - ✔✔✔-Void
A contract that does not have all the necessary elements of a contract is void and unenforceable
by either party.
A fence that extends onto the land of another from a neighboring property is called an:
Encumbrance
Easement
Encroachment
Escheat - ✔✔✔-Encroachment
A fiduciary who holds or controls property for the benefit of another is called:
, California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
A beneficiary
A grantor
A trustee
A grantee - ✔✔✔-A trustee
A hispanic man called a landlord regarding a home for rent online. The landlord tells him the
property is already rented. His white friend then called the landlord to inquire about the
property and he arranged an appointment to show him the home. This is discrimination based
on:
Race
Familial status
Income
Religion - ✔✔✔-Race
A lease where the tenant pays the property taxes, maintenance and other expenses is a:
Percentage lease
Gross lease
Sandwich lease
Net lease - ✔✔✔-Net lease
A listing agreement in writing creates which form of agency?
Negligent agency
, California Real Estate Exam 2024 Practice Exam with Questions and Answers
(2026 – Updated)
Implied agency
Express agency
Ostensible agency - ✔✔✔-Express agency
A written listing agreement creates an expressed agency. The agency relationship is expressed in
writing.
A new roof costs $7,500 and the economic life of the roof is 30 years. Using the straight line
depreciation method, what would the value of the roof be after 5 years?
$1,250
$5,500
$6,250
$1,500 - ✔✔✔-$6,250
$7, years = $250
$250 x 5 years =$1,250 total depreciation
$7,500 - $1,250 = $6,250
A partition suit is used for which of the following?
To allow construction of party walls
To change a tenancy by entireties to some other form of ownership
To force a division of property without all the owners' consents
Determination of party fences - ✔✔✔-To force a division of property without all the owners'
consents.
