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Exams (7)

Practice questions

An investor in a real estate direct participation program sells a depreciated property at a gain. A portion of that gain is attributable to…

Series 7

A client with a high salary from employment and no other passive income sources is interested in a real estate limited partnership primaril…

Series 7

A real estate analyst compares an appraisal-based real estate index to a transaction-based (repeat-sales) index over the same period. The a…

CFA L1

A licensed real estate broker arranges a $50,000 loan secured by a deed of trust on real property, negotiating an interest rate of 14%, whi…

DRE Salesperson

A broker enters into a written independent contractor agreement with a salesperson for tax purposes, allowing the salesperson full discreti…

DRE Salesperson

A homeowner tells three different real estate agents that whichever one first brings a buyer who completes the purchase will earn the commi…

DRE Salesperson

A developer sells lots in a new subdivision without ever obtaining a Public Report from the California Department of Real Estate as require…

DRE Salesperson

A real estate agent representing a seller in a diverse neighborhood consistently shows minority buyers listings only in certain zip codes w…

DRE Salesperson

A salesperson working under a broker commits a violation of the Real Estate Law while acting within the scope of employment. Which statemen…

DRE Salesperson

A broker deposits $200 of personal funds into the trust fund bank account and leaves it there permanently for record-keeping convenience. H…

DRE Salesperson

During a real estate transaction, why must an escrow holder remain a neutral third party who acts only under mutual written instructions fr…

DRE Salesperson

A buyer and seller sign a written real estate purchase agreement. The seller later breaches, and the buyer wants to sue for breach of the w…

DRE Salesperson

A newly licensed salesperson asks her broker to describe the standard of care a real estate agent owes to their principal. Which comparison…

DRE Salesperson

Three individuals form a general partnership to acquire and develop commercial real estate. Title to the property is taken in the partnersh…

DRE Salesperson

Under California's Statute of Frauds, which of the following real estate-related agreements is generally required to be in writing to be en…

DRE Salesperson

A real estate agent places a newspaper ad stating 'Beautiful 3BR home, $650,000, call 555-0100' without including the agent's name or broke…

DRE Salesperson

A broker employs an unlicensed personal assistant to help with paperwork and scheduling. Which compensation arrangement would violate Calif…

DRE Salesperson

Which of the following activities requires a California real estate license?

DRE Salesperson

A real estate agent consistently shows homes in a particular neighborhood only to buyers of a certain race, while showing homes in other ne…

PSI National

A real estate ad for a rental property states, 'Perfect for a Christian family, walking distance to church.' Under the federal Fair Housing…

PSI National