California Real Estate Broker Exam Sample Questions Free
Passing the California Real Estate Broker Exam is an essential requirement for anyone who wants to become a licensed real estate broker in California. The exam is administered by the California Department of Real Estate (DRE) and consists of 200 multiple-choice questions, which must be completed within 4 hours. To help you prepare for the exam, we've compiled a list of sample questions that you can use to test your knowledge and practice your skills.
Real Estate Law and Principles
1. What is the difference between a mortgage and a trust deed?
2. What is the difference between an easement and a license?
3. What is the difference between a fixture and personal property?
4. What is the difference between an encroachment and an easement?
5. What is the difference between a joint tenancy and a tenancy in common?
Real Estate Practice
6. What is the difference between a listing agreement and a purchase agreement?
7. What is the difference between a broker and a salesperson?
8. What is the difference between a disclosure and a disclaimer?
9. What is the difference between a contingency and a condition?
10. What is the difference between a buyer's market and a seller's market?
Real Estate Finance
11. What is the difference between a conventional loan and an FHA loan?
12. What is the difference between an amortized loan and an interest-only loan?
13. What is the difference between a mortgage payment and a rent payment?
14. What is the difference between a first mortgage and a second mortgage?
15. What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage?
Real Estate Appraisal
16. What is the difference between market value and assessed value?
17. What is the difference between a cost approach and a sales comparison approach?
18. What is the difference between depreciation and appreciation?
19. What is the difference between a real estate appraisal and a home inspection?
20. What is the difference between a broker price opinion and an appraisal?
Real Estate Property Management
21. What is the difference between a landlord and a tenant?
22. What is the difference between a lease agreement and a rental agreement?
23. What is the difference between a security deposit and a pet deposit?
24. What is the difference between a maintenance fee and a repair fee?
25. What is the difference between a property manager and a real estate broker?
Real Estate Escrow
26. What is the difference between an escrow holder and a trustee?
27. What is the difference between an escrow agreement and a purchase agreement?
28. What is the difference between an earnest money deposit and a down payment?
29. What is the difference between a disbursement and a distribution?
30. What is the difference between a title insurance policy and a title report?
By practicing these sample questions, you will be better prepared for the California Real Estate Broker Exam. Remember to study hard and stay focused on your goal of becoming a licensed real estate broker in California.