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California DRE Salesperson Exam - Latest Guide with Q & S 2024. $14.49   Add to cart

Exam (elaborations)

California DRE Salesperson Exam - Latest Guide with Q & S 2024.

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  • Course
  • Real estate salesperson
  • Institution
  • Real Estate Salesperson

California DRE Salesperson Exam - Latest Guide with Q & S 2024.California DRE Salesperson Exam - Latest Guide with Q & S 2024.California DRE Salesperson Exam - Latest Guide with Q & S 2024.California DRE Salesperson Exam - Latest Guide with Q & S 2024.

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  • September 11, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real estate salesperson
  • Real estate salesperson
avatar-seller
EmilioOchieng
California



Department of Real Estate -
Salesperson




LATEST EXAM GUIDE
Q&S




© 2024/2025

,1. When considering land use controls, which entity is typically
responsible for zoning ordinances?
a) State government
b) Local government
c) Federal government
d) Homeowners association
Correct Answer: b) Local government


2. In California, a fiduciary duty is best described as:
a) A contractual agreement between buyer and seller
b) A legal obligation of one party to act in the best interest of
another
c) A non-binding promise made by a real estate agent
d) A financial responsibility to a lending institution
Correct Answer: b) A legal obligation of one party to act in the
best interest of another


3. The capitalization rate in property valuation is used to:
a) Calculate the gross rental income
b) Estimate the property's market value based on income

© 2024/2025

, c) Determine the cost of property insurance
d) Assess the amount of property tax due
Correct Answer: b) Estimate the property's market value based
on income


4. Which of the following is NOT a method of financing real estate
transactions in California?
a) Conventional loans
b) FHA-insured loans
c) Seller carryback financing
d) Rent-to-own agreements
Correct Answer: d) Rent-to-own agreements


5. The process of transferring property in California is formalized
by:
a) Verbal agreement
b) Handshake deal
c) Written contract
d) Public announcement
Correct Answer: c) Written contract



© 2024/2025

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