CALIFORNIA REAL ESTATE EXAM MULTIPLE CHOICE EXAM 70 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES
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Course
CALIFORNIA REAL ESTATE
Institution
CALIFORNIA REAL ESTATE
CALIFORNIA REAL ESTATE EXAM MULTIPLE
CHOICE EXAM 70 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
1. You are preparing a competitive market analysis on a vacant lot that you hope to list
for sale. Which of the following approaches to value will be used in the development of
the estim...
D. physical deterioration-incurable - Answer✔️✔️-D. physical deterioration-incurable
5. While the economy is experiencing inflation, interest rates:
A. drop and housing prices rise
B. rise and housing prices drop
C. rise and housing prices rise
D. None of the above - Answer✔️✔️-C. rise and housing prices rise
6. When using the market-data approach to appraise a single-family home, recent sales
are compared to the subject property as to:
A. capitalization rates
B. exterior features only
C. the entire property
D. rental income - Answer✔️✔️-the entire property
7. A real estate commission is usually based on the:
A. listing price
B. selling price
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