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ADHI SCHOOLS REAL ESTATE PRACTICE TEST

Take this free practice test to get an idea of what is on the California Real Estate Salesperson exam administered by the California Department of Real Estate (CalDRE). The actual exam has 150 questions and 3 hours is given to complete it. For 150 questions to simulate the actual exam, use our California Real Estate Practice Exam.Take this free practice test to get an idea of what is on the California Real Estate Salesperson exam administered by the California Department of Real Estate (CalDRE). The actual exam has 150 questions and 3 hours is given to complete it. For 150 questions to simulate the actual exam, use our Adhi Schools Real Estate Practice Exam.

Real Estate Principles


  1. Many seller-financed purchases are examples of ?
    a. institutional lending.
    b. creative financing.
    c. mortgage-backed securities.
    d. blended-rate mortgages.
  2. An ARM is ?
    a. a graduated payment mortgage.
    b. a growing equity mortgage.
    c. a mortgage in which the interest rate changes periodically based on an index.
    d. a reverse annuity mortgage.
  3. Water rights are excluded from coverage in ?
    a. a standard policy of title insurance.
    b. an extended-coverage policy of title insurance.
    c. a warranty deed.
    d. all residential title insurance policies.

Real Estate Practice


  1. The paragraph in the purchase contract in which the buyer indicates an intention to occupy the property (applies to 1-4 unit residential properties) is important because its relates to ?
    a. liquidated damages.
    b. vesting of title.
    c. smoke detectors.
    d. home protection plans.
  2. The buyers sign that they have received a booklet relating to ?
    a. environmental hazards.
    b. floods, tornados, and earthquakes.
    c. foreclosure rights.
    d. rescission rights.
  3. To have a tax-deferred delayed exchange, which of the following is required? ?
    a. The exchange property must be identified within 45 days after the taxpayer relinquishes his property.
    b. The sale must be completed within 180 days after the taxpayer relinquishes his property.
    c. Both of these.
    d. Neither of these.

Legal Aspects Of Real Estate


  1. A dragnet clause in a trust deed covers ?
    a. any contingency.
    b. future advances.
    c. additional parties.
    d. increases in the interest rate.
  2. After buying a home and receiving a standard policy of title insurance, you determine that the "tenant" claims to be an owner under an unrecorded grant deed. Which statement is TRUE? ?
    a. You are protected by your insurance.
    b. If you record first, you will be protected.
    c. You are not insured for this loss.
    d. An abstract would have given you greater protection.
  3. Which is NOT a specific lien? ?
    a. Property tax lien
    b. Judgment liens.
    c. Special assessment lien
    d. Mechanic's lien