California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
1.1. A title was recorded for a parcel of real property vested in the name of
Johan Wilson, a single woman. After her marriage to William Roberts, she
executed a deed to the property only in the name of Johan Roberts, a
married woman. The discrepancy in the grantors name is:
A. Valid if William Roberts agrees to it
B. A defect on title that may cause title to be vested as tenants in common
C. Immaterial if the property is properly described
D. A defect which may cause a cloud on the title - correct answers ✅A
defect which may cause a cloud on the title.
1.2. Which contract would be the most difficult for a buyer to obtain
financing?
A. Land Contract
B. FHA
C. VA
D. Conventional - correct answers ✅Land Contract
1.3. When a broker runs an advertisement, the broker must disclose:
A. Last name of the broker
B. Name of the broker
C. Name of broker and salesperson
,California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
D. Name of the salesperson - correct answers ✅Name of the broker
1.4. Following in-house sales are true, except:
A. The listing agent can act as a dual agent
B. The listing broker can act as a buyers agent only
C. The broker may purchase the property himself
D. The seller may represent the seller only - correct answers ✅The seller
may represent the seller only
1.5. The Federal Housing Administration (FHA) was created primarily:
A. To provide insurance for home loans in the secondary market
B. To insure the borrower
C. To provide insurance for home loans made by approved lender
D. To improve the economy for mortgage bankers - correct answers ✅To
provide insurance for home loans made by approved lenders
1.6. Which of the following loans on a home would probably be made
without requiring a down payment from the borrower?
A. VA Loan
B. CAL-VET
,California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
C. FHA
D. Conventional - correct answers ✅VA Loan
1.7. A person who wishes to purchase a home using the Cal-Vet program
would send his application to:
A. Department of Real Estate
B. Real Estate Commissioner
C. Department of Veterans Affairs
D. Veterans Administration - correct answers ✅Department of Veterans
Affairs
1.8. The item that would appear on the debit side of a buyer's closing
statement would be:
A. Purchase Price
B. Prepaid Rents
C. Mortgage Insurance
D. Down Payment - correct answers ✅Purchase Price
1.9. When dealing with the public, a broker may not:
A. Disclose any of his duties to other agents
, California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
B. Remain silent concerning material facts about a property known only by
himself
C. Reject a listing if it is discriminatory or overpriced for minorities
D. All of the above - correct answers ✅Remain silent concerning material
facts about a property known only by himself
1.10. Which of the following is the reason that a real estate agent must keep
his principal informed of material facts concerning a pending real estate
transaction?
A. When the agent is a fiduciary
B. When it's printed on the purchase agreement
C. When the agent concerned with the commission which seller is paying
D. When the broker works only for the seller - correct answers ✅When the
agent is a fiduciary
1.11. A buyer relied upon the fraudulent statement of the seller's agent and
was damaged. The seller was unaware of the agent's false statement, and he
tried to enforce the agreement. The buyer:
A. Could sue the seller for fraud
B. Could sue the seller's agent for fraud
C. Has sufficient grounds for recission
and Answers (Latest Update 2023) GRADED A+
1.1. A title was recorded for a parcel of real property vested in the name of
Johan Wilson, a single woman. After her marriage to William Roberts, she
executed a deed to the property only in the name of Johan Roberts, a
married woman. The discrepancy in the grantors name is:
A. Valid if William Roberts agrees to it
B. A defect on title that may cause title to be vested as tenants in common
C. Immaterial if the property is properly described
D. A defect which may cause a cloud on the title - correct answers ✅A
defect which may cause a cloud on the title.
1.2. Which contract would be the most difficult for a buyer to obtain
financing?
A. Land Contract
B. FHA
C. VA
D. Conventional - correct answers ✅Land Contract
1.3. When a broker runs an advertisement, the broker must disclose:
A. Last name of the broker
B. Name of the broker
C. Name of broker and salesperson
,California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
D. Name of the salesperson - correct answers ✅Name of the broker
1.4. Following in-house sales are true, except:
A. The listing agent can act as a dual agent
B. The listing broker can act as a buyers agent only
C. The broker may purchase the property himself
D. The seller may represent the seller only - correct answers ✅The seller
may represent the seller only
1.5. The Federal Housing Administration (FHA) was created primarily:
A. To provide insurance for home loans in the secondary market
B. To insure the borrower
C. To provide insurance for home loans made by approved lender
D. To improve the economy for mortgage bankers - correct answers ✅To
provide insurance for home loans made by approved lenders
1.6. Which of the following loans on a home would probably be made
without requiring a down payment from the borrower?
A. VA Loan
B. CAL-VET
,California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
C. FHA
D. Conventional - correct answers ✅VA Loan
1.7. A person who wishes to purchase a home using the Cal-Vet program
would send his application to:
A. Department of Real Estate
B. Real Estate Commissioner
C. Department of Veterans Affairs
D. Veterans Administration - correct answers ✅Department of Veterans
Affairs
1.8. The item that would appear on the debit side of a buyer's closing
statement would be:
A. Purchase Price
B. Prepaid Rents
C. Mortgage Insurance
D. Down Payment - correct answers ✅Purchase Price
1.9. When dealing with the public, a broker may not:
A. Disclose any of his duties to other agents
, California Real Estate License Exam 1 Questions
and Answers (Latest Update 2023) GRADED A+
B. Remain silent concerning material facts about a property known only by
himself
C. Reject a listing if it is discriminatory or overpriced for minorities
D. All of the above - correct answers ✅Remain silent concerning material
facts about a property known only by himself
1.10. Which of the following is the reason that a real estate agent must keep
his principal informed of material facts concerning a pending real estate
transaction?
A. When the agent is a fiduciary
B. When it's printed on the purchase agreement
C. When the agent concerned with the commission which seller is paying
D. When the broker works only for the seller - correct answers ✅When the
agent is a fiduciary
1.11. A buyer relied upon the fraudulent statement of the seller's agent and
was damaged. The seller was unaware of the agent's false statement, and he
tried to enforce the agreement. The buyer:
A. Could sue the seller for fraud
B. Could sue the seller's agent for fraud
C. Has sufficient grounds for recission
