CA DRE SALESPERSON EXAM LATEST VERSION ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A
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CA DRE SALESPERSON
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CA DRE SALESPERSON
CA DRE SALESPERSON EXAM LATEST VERSION
ACTUAL EXAM 150 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A
CA DRE SALESPERSON EXAM LATEST VERSION
ACTUAL EXAM 150 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A
CA DRE SALESPERSON EXAM LATEST VERSION
2024-2025 ACTUAL EXAM 150 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH
RATIONALES|ALREADY GRADED A
When an owner is selling his or her home, to whom would they most likely give a copy of a structural
pest control report?
To the escrow company
A) To the brokers or salespeople representing potential buyers
B) To the buyer, if requested
C) Their broker, at the time of the listing - ANSWER-C) To the buyer, if requested (Transfer Disclosure
Statement)
Sara is a newly licensed broker and has just opened her own office. How long must she keep transaction
records?
3 years
A) 2 years
B) 4 years
C) 1 year - ANSWER-A) 3 years
A person who has complete control over a parcel of real estate is said to own a :
fee simple estate
A) life state
B) defeasible estate
C) leasehold estate - ANSWER-A) fee simple estate
An easement appurtenant to real property can be terminated by all except?
revocation by the servient owner
,A) prescription by the servient owner
merger of both the servient and dominant parcels
released by the dominant tenement owner - ANSWER-A) revocation by the servient owner
(Dominant walks in, Servient one being walked on)
After a contractor has filed a mechanic's lien, he may enforce it by filing suit within what time period?
1 month
A) 90 days
B) 120 days
C) 6 months - ANSWER-B) 90 days
Mrs. Jones, an appraiser, is appraising a single family residence for which she has located six closely
comparable properties, all sold within the past six months. The subject property is rented for $500 per
month. It is a custom-built home, approximately three years old. Mrs. Jones would probably give the
most weight in her final estimate of value to which of the following appraisal methods?
A) Gross rent multiplier
B) market data approach
C) cost approach
D) income approach - ANSWER-B) market data approach
Generally, construction onto the property of another, like a wall fence, building, etc. is known as what?
A) Encroachment
B) Easement appurtenant
C) Situs
D) Estoppel - ANSWER-A) Encroachment
,Which method would an appraiser be most likely to use when appraising a newly built apartment
building with no rental history?
A) Income approach
B) Cost approach
C) Capitalization approach
D) Market approach - ANSWER-B) Cost approach
When an appraiser is appraising a property he usually considers all of the following except:
A) The assessed value
B) The property rights to be valued
C) A definition of value
D) The property identification - ANSWER-A) The assessed value
( Taxes Purpose)
Which of the following loans would be most likely to qualify for FHA insurance?
A) A loan to purchase a farm
B) A loan to buy a small business
C) A loan to purchase 1-4 units of resident rental property
D) A loan to buy farm equipment - ANSWER-C) A loan to purchase 1-4 units of resident rental property
(FHA loans are for residential property)
, If private property has been damaged (such as through excessive airport noise) or taken by the
government without formal eminent domain proceedings, what would a property owner initiate to
recover just compensation for losing, or damaging, the property?
A) Condemnation
B) Injunction
C) Inverse Condemnation
D) Writ of execution - ANSWER-C) Inverse Condemnation
The governments right to make laws and regulations for the general welfare of the public is known as:
A) police power
B) eminent domain
C) the bundle of rights
D) escheat - ANSWER-A) police power
The total collection of rights which may be claimed by private ownership is best described as:
A) Freehold
B) The Bundle of rights
C) An estate
D) The fee simple system - ANSWER-B) the bundle of rights
(right to enter, use, lease, sell, give away the real estate)
Which of the following would be the best an most complete definition of the term "encumbrance"
A) The use of property by a debtor to offer a creditor security for a debt
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