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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If Borrower A has to pay 2.5 points on a $390,000 property with an LTV of 80%, how much is owed in points?

$7,800
$9,750
$6,500
$10,200

The correct answer is: $7,800

Option B is incorrect because it would be the amount owed for 3 points, which is not specified. Option C is incorrect because it would be the amount owed for 2 points, which is a lower percentage of the property value. Option D is incorrect because it would be the amount owed for 2.5 points on the total loan amount, rather than the property value.