Aceable Agent: California Real Estate
Practice Test Questions and Correct Answers
Question 1
Which of the following is a common element in a listing agreement?
A: non-negotiable commission that all agents must be paid
B: extinction clause
C: exemption from fiduciary duties
D: address or legal description of property
Correct Answer
D: address or legal description of the property
Question 2
Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing
is supposed to occur in two weeks. This contract is:
A: executed and voidable
B: executory and void
C: executory and voidable
D: executed and void
Correct Answer
C: executory and voidable
Question 3
When does an offer become a binding contract?
A: when the option period for offer consideration has come to an end and the offeree
has accepted the offer
B: when the offeree communicates acceptance to the offeror
C: when both offeror and offeree have performed their obligations
D: when both offeror and offeree have signed the offer
Correct Answer
B: when the offeree communicates acceptance to the offeror
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,Question 4
What tool will Broker Amanda use in her listing presentation to convince Seller
Rodrigo that she has a good understanding of what the fair market value of his
property might be?
A: current mortgage rates
B: recent property tax forms
C: an appraisal
D: a comparative market analysis
Correct Answer
D: a comparative market analysis
Question 5
In what listing agreement clause would you most likely read about fixtures?
A: dispute resolution clause
B: agency relationships clause
C: retainer fee clause
D: items excluded and included clause
Correct Answer
D: items excluded and included clause
Question 6
Longtime Realtor Leo just started at a new brokerage and is excited to list properties
as soon as possible. Unfortunately, there is a delay with getting new signs made for
him, and he decides in the meantime to just use his old signs with his former broker's
name. Is this ethical? Why or why not?
A: Yes, this is ethical; any "for sale" sign can be placed outside of a listed property.
B: Yes, this is ethical as long as Leo's name is on the signs.
C: No, this is unethical because Leo did not get his former broker's permission.
D: No, this is unethical because it is not truthful advertising.
Correct Answer
D: No, this is unethical because it is not truthful advertising.
Page 2 of 34
,Question 7
Manderlay Mansion was built in 1975. It is being sold to Rebecca. What is TRUE?
A: Rebecca should ask for the property to be sold "as is."
B: The seller will be required to pay the earnest money.
C: The mansion will not be subject to a due diligence period.
D: A lead-based paint disclosure should accompany the sales contract.
Correct Answer
D: A lead-based paint disclosure should accompany the sales contract.
Question 8
Fructus naturales are:
A: annually-cultivated crops
B: the same as emblements
C: trees, persistent decorative plantings (such as perennial landscape plants), and
uncultivated plants
D: the same as improvements
Correct Answer
C: trees, persistent decorative plantings (such as perennial landscape plants), and
uncultivated plants
Question 9
Agent Paddy is helping her seller client sell her home that was built in 1989. She tells
potential buyers that the home was built in 1995, to make it sound more appealing.
This is an example of:
A: intentional misrepresentation
B: negligent misrepresentation
C: puffing
D: concealment
Correct Answer
A: intentional misrepresentation
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, Question 10
For which of the following transfers of property would the seller be EXEMPT from
completing a Real Estate Transfer Disclosure Statement?
A: a single-family home
B: a duplex
C: a foreclosed property
D: a unit in a condominium
Correct Answer
C: a foreclosed property
Question 11
Condoleezza loses a large portion of her property due to a sudden flood. Though she
loses a portion of her land area, she does not lose title to her land. What term
describes this sudden loss of land?
A: accession
B: avulsion
C: reliction
D: accretion
Correct Answer
B: avulsion
Question 12
Which of these is the total rental income a property would receive if the property
were 100% leased?
A: potential gross income
B: yield
C: effective gross income
D: net operating income
Correct Answer
A: potential gross income
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Practice Test Questions and Correct Answers
Question 1
Which of the following is a common element in a listing agreement?
A: non-negotiable commission that all agents must be paid
B: extinction clause
C: exemption from fiduciary duties
D: address or legal description of property
Correct Answer
D: address or legal description of the property
Question 2
Trystan and Nia enter into a contract for the sale of a tiny house. Trystan is 17. Closing
is supposed to occur in two weeks. This contract is:
A: executed and voidable
B: executory and void
C: executory and voidable
D: executed and void
Correct Answer
C: executory and voidable
Question 3
When does an offer become a binding contract?
A: when the option period for offer consideration has come to an end and the offeree
has accepted the offer
B: when the offeree communicates acceptance to the offeror
C: when both offeror and offeree have performed their obligations
D: when both offeror and offeree have signed the offer
Correct Answer
B: when the offeree communicates acceptance to the offeror
Page 1 of 34
,Question 4
What tool will Broker Amanda use in her listing presentation to convince Seller
Rodrigo that she has a good understanding of what the fair market value of his
property might be?
A: current mortgage rates
B: recent property tax forms
C: an appraisal
D: a comparative market analysis
Correct Answer
D: a comparative market analysis
Question 5
In what listing agreement clause would you most likely read about fixtures?
A: dispute resolution clause
B: agency relationships clause
C: retainer fee clause
D: items excluded and included clause
Correct Answer
D: items excluded and included clause
Question 6
Longtime Realtor Leo just started at a new brokerage and is excited to list properties
as soon as possible. Unfortunately, there is a delay with getting new signs made for
him, and he decides in the meantime to just use his old signs with his former broker's
name. Is this ethical? Why or why not?
A: Yes, this is ethical; any "for sale" sign can be placed outside of a listed property.
B: Yes, this is ethical as long as Leo's name is on the signs.
C: No, this is unethical because Leo did not get his former broker's permission.
D: No, this is unethical because it is not truthful advertising.
Correct Answer
D: No, this is unethical because it is not truthful advertising.
Page 2 of 34
,Question 7
Manderlay Mansion was built in 1975. It is being sold to Rebecca. What is TRUE?
A: Rebecca should ask for the property to be sold "as is."
B: The seller will be required to pay the earnest money.
C: The mansion will not be subject to a due diligence period.
D: A lead-based paint disclosure should accompany the sales contract.
Correct Answer
D: A lead-based paint disclosure should accompany the sales contract.
Question 8
Fructus naturales are:
A: annually-cultivated crops
B: the same as emblements
C: trees, persistent decorative plantings (such as perennial landscape plants), and
uncultivated plants
D: the same as improvements
Correct Answer
C: trees, persistent decorative plantings (such as perennial landscape plants), and
uncultivated plants
Question 9
Agent Paddy is helping her seller client sell her home that was built in 1989. She tells
potential buyers that the home was built in 1995, to make it sound more appealing.
This is an example of:
A: intentional misrepresentation
B: negligent misrepresentation
C: puffing
D: concealment
Correct Answer
A: intentional misrepresentation
Page 3 of 34
, Question 10
For which of the following transfers of property would the seller be EXEMPT from
completing a Real Estate Transfer Disclosure Statement?
A: a single-family home
B: a duplex
C: a foreclosed property
D: a unit in a condominium
Correct Answer
C: a foreclosed property
Question 11
Condoleezza loses a large portion of her property due to a sudden flood. Though she
loses a portion of her land area, she does not lose title to her land. What term
describes this sudden loss of land?
A: accession
B: avulsion
C: reliction
D: accretion
Correct Answer
B: avulsion
Question 12
Which of these is the total rental income a property would receive if the property
were 100% leased?
A: potential gross income
B: yield
C: effective gross income
D: net operating income
Correct Answer
A: potential gross income
Page 4 of 34
