This is a practice exam for the  California Real Estate License test it includes 50 questions and answers and you will have acess for 6 days or 5 attempts .

5 Sample Questions

A real estate broker is reviewing a profit and loss statement for an apartment house, which lists expenses under the headings shown below.  Under which heading would she most likely find taxes and fire insurance?

  • A. Fixed expenses
  • B. Operating expenses
  • C. Capital expenses
  • D. Other expenses

A prospect is considering the purchase of an income property which has an operating statement showing $94,500.00 deducted from gross income to arrive at the net income.  The deductions amount to 60% of the gross income.  If the prospect wants a 12 1/2% return on the purchase price of any investment he makes, what should he pay for the property?

  • A. $81,000
  • B. $196,000
  • C. $504,000
  • D. $720,000

The Mt. Diablo meridian line runs:

  • A. East and West
  • B. The same as township lines
  • C. North and South
  • D. North

Master sold his residence which was unencumbered.  Total deductions in escrow amounted to $215.30 in addition to a broker's commission of 6% of the selling price.  The selling price was the only credit item.  Masters received a check from escrow amounting to $15,290.  The selling price was most nearly:

  • A. $16,200
  • B. $16,266
  • C. $16,430
  • D. $16,485

When a home has been kept in better than average condition, the effective age compared to the actual age would be:

  • A. Less
  • B. More
  • C. The same
  • D. Non of the above

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