California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Above what property value is a licensed or certified appraiser required for all federally related transaction appraisals according to federal regulations?

$200,000
$250,000
$300,000
$350,000

The correct answer is: $250,000

According to federal regulations, a licensed or certified appraiser is required for all federally related transaction appraisals above $250,000. Options A, C, and D do not align with this standard as they are either below or above the specified amount. Therefore, they are incorrect options.