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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The Real Estate Recovery Account is funded by?

Property taxes
Real estate sales commissions
Real estate license fees
General state funds

The correct answer is: Real estate license fees

The Real Estate Recovery Account is specifically designed to protect consumers from financial loss due to fraud, misrepresentation, or deceit in a real estate transaction. Therefore, it is important for the account to be funded by fees collected from real estate licensees who are directly involved in these transactions. Property taxes, real estate sales commissions, and general state funds are not directly related to real estate transactions and would not adequately support the purpose of the Real Estate Recovery Account.