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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Functional utility is best described as?

The cost to maintain a property
A measure of investment performance
Design features that meet market demand
The ability to transfer ownership

The correct answer is: Design features that meet market demand

Functional utility is best described as design features that meet market demand. This means that the property or product has features that are appealing and in demand by the target market. Option A is incorrect because while maintenance costs may affect the overall value of a property, it is not the best description of functional utility. Option B is incorrect because while investment performance may be a result of having functional utility, it is not the best definition of it. Option D is incorrect because the ability to transfer ownership is not a defining characteristic of functional utility.