California Real Estate Practice Exam

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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!

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An uncashed deposit check may be retained by a broker for:

30 days
6 months
1 year
Whatever time period the principal authorizes

The correct answer is: Whatever time period the principal authorizes

A, B, and C are all incorrect because they provide specific time periods for the broker to retain the uncashed deposit check. However, the correct answer is D because it allows for the principal to authorize a specific time period, which could differ from the other options listed. This gives the principal more control and flexibility in determining how long the check should be retained. Additionally, A, B, and C may not always be applicable in every situation, so having the option for the principal to authorize a specific time period is the most accurate answer.