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CALIFORNIA REAL ESTATE SALESPERSON FINAL EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$29.99
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CALIFORNIA REAL ESTATE SALESPERSON FINAL EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
CALIFORNIA REAL ESTATE SALESPERSON
Institution
CALIFORNIA REAL ESTATE SALESPERSON
CALIFORNIA REAL ESTATE SALESPERSON
FINAL EXAM AND PRACTICE EXAM NEWEST
ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
CALIFORNIA REAL ESTATE SALESPERSON
FINAL EXAM AND PRACTICE EXAM NEWEST
2024-2025 ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
CALIFORNIA REAL ESTATE SALESPERSON FINAL EXAM
When a residential neighborhood is composed mostly of owner
occupied residential properties it tends to:
A) attract commercial shopping centers to the neighborhood
B) stabilize values
C) deteriorate faster than areas with many rental properties
D) lower property values - CORRECT ANSWER-B) stabilize
values
When an appraiser is trying to determine the amount of
economic obsolescence suffered by commercial property, which
of the following questions should he attempt to answer?
A) Can this building be operated efficiently?
B) Are the tenants in the neighborhood prospering?
,2|Page
C) Is the rental schedule of the building fair to the tenants?
D) Should a fire sprinkler system be installed? - CORRECT
ANSWER-B) Are the tenants in the neighborhood prospering?
Which of the following would be an example of functional
obsolescence?
A) New zoning laws
B) Incompatible land use in the neighborhood
C) A deteriorated driveway
D) A one-car garage - CORRECT ANSWER-D) A one-car
garage
The primary purpose of a site analysis by an appraiser is to
determine the:
A) applicable zoning laws
B) highest and best use
C) soil condition
D) available amenities - CORRECT ANSWER-B) highest and
best use
,3|Page
In real estate appraisal, "market value" is primarily based upon
which of the following?
A) The asking price on the listing
B) The reproduction cost of the property
C) Whatever a buyer is willing to pay
D) The willing buyer and willing seller concept - CORRECT
ANSWER-D) The willing buyer and willing seller concept
Which of the following expenses is not deducted from gross
income to determine annual net income when using the
capitalization approach to appraise an income producing
property?
A) Electricity
B) Cost of capital
C) Cost of management
D) Replacement reserves - CORRECT ANSWER-B) Cost of
capital
For appraisal purposes, "capitalization" is a process used to:
A) establish current market value
, 4|Page
B) determine annual net income
C) find interest rate
D) convert income into value - CORRECT ANSWER-D)
convert income into value
Two buildings are leased on a long-term basis, one for a post
office and the other for a hardware store. Using the
capitalization approach to appraise the properties, the post office
would demand:
A) a lower capitalization rate
B) the same capitalization rate as the hardware store
C) a higher capitalization rate
D) the two capitalization rates could not be compared because
the properties involve different uses - CORRECT ANSWER-A)
a lower capitalization rate
Which of the following is true with regard to the Alquist-Priolo
Earthquake Special Studies Act?
A) Most agents and sellers have a professional company prepare
these disclosures
B) It applies to all counties in California
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