A California real estate broker discovers that a salesperson in their office deposited a $5,000 earnest money check into the salesperson's personal account instead of the broker's trust account. What violation has occurred?
Trust Accounts
Question · Easy
Steering, blockbusting, redlining: a villain song
Short
Free Real Estate Broker Practice Test by State 2026: 1,500+ Questions
Free real estate broker practice tests for 15 states in 2026. Over 1,500 questions on brokerage management, trust accounts, agency law, contracts, and state-specific broker regulations.
Blog
How many parcels trigger the Subdivided Lands Act, and what must be delivered to buyers?
Property Ownership and Land Use
Flashcard
Under California law, how often must a broker reconcile trust fund records with the bank statement?
Multi-unit project with individually owned units and shared common areas.
Property ownership
Guess the Term
Chapter 1: Brokerage Management & Office Operations
1.0 Current Exam Facts & Application Logistics
Study guide
Cheat sheet
A broker maintains a trust account at First National Bank. What is the maximum amount of the broker's own funds that may be kept in the trust account to cover bank charges?
Question · Medium
Read the clue and guess the term in 6 tries.
Game
Who approves maps under the Subdivision Map Act, and when is a full tentative and final map required?
When conducting a DRE trust fund audit, an auditor finds that a broker's trust account is short $3,200. The broker claims a bookkeeping error. What is the MOST LIKELY consequence?
Substance whose known presence in paint must be disclosed to buyers and renters of most pre-1978 housing.
A California broker receives a $10,000 earnest money deposit on a Thursday. By what day must the funds be deposited into the trust account?
Under Proposition 13, what is the base tax rate and the cap on annual assessed value increases?
A California broker is opening a branch office. Which of the following is required?
Brokerage Management
Land-use planning classification scheme that can target development and protect conservation areas.
1.1 Office Supervision & Broker Responsibilities
Under California law, which document must a broker provide to every salesperson in their office?
Swap tiles to line up three of the same term.
Term Match
What must a seller do when the property lies in a Mello-Roos community facilities district?
A broker's salesperson fails to disclose a known material defect to a buyer. Under California law, who is liable?
Agency Ethics
___ of attorney: legal document that lets someone else act for you, such as selling property while you are away.
Agency duties
Which of the following is TRUE about a restricted real estate license in California?
State Regulations
How is the California homestead exemption amount determined?
A California broker receives multiple offers on a listed property. What is the broker's obligation?
Kind of agent who represents both the seller and the buyer in the same transaction.
1.2 Advertising, Marketing & License Disclosures
What is the documentary transfer tax rate in most California counties?
Finance Economics
Flip two cards at a time to find matching terms.
Term Pairs
What is the difference between an easement appurtenant and an easement in gross?
Under Proposition 13, what is the maximum amount that a property's assessed value can increase annually?
Licensee who retains a salesperson and is responsible for supervising that salesperson's licensed activities.
A Mello-Roos Community Facilities District (CFD) is BEST described as:
How do riparian water rights differ from appropriative rights in California?
Which California law requires disclosure of natural hazards to buyers of residential property?
Real Estate Law
Market ___: the most probable price a property should bring in a competitive, open market under fair-sale conditions, as opposed to the price actually paid.
Valuation
1.3 DRE Audits, Record Retention & Disciplinary Actions
A broker is calculating the capitalization rate for an investment property. The net operating income is $60,000 and the property value is $750,000. What is the cap rate?
Property Valuation
Find five hidden terms in a grid of letters.
Term Search
What are the three steps of California's agency disclosure law, and which transactions does it reach?
Agency and Fiduciary Duties
In the cost approach to property valuation, which type of depreciation is caused by factors OUTSIDE the property boundaries?
Factor equal to a home's sale price divided by its total monthly lease payments; applied to the subject's market lease payment, it gives an income-approach value.
A property generates $4,500 per month in gross rental income. Using a gross rent multiplier (GRM) of 150, what is the estimated property value?
What may a dual agent never reveal without express permission?
Loading more…