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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What is the indicated value of a subject property with four bedrooms, if the comparable three-bedroom property sold for $225,000 and a bedroom is valued at $30,000?

$255,000
$245,000
$265,000
$235,000

The correct answer is: $255,000

Context All of the choices except for A are incorrect because they do not correctly calculate the value of the subject property. The value of the subject property with four bedrooms would be $255,000 because the comparable three-bedroom property sold for $225,000 and each bedroom is valued at $30,000. This means that the additional bedroom adds $30,000 to the overall value of the property, resulting in a final value of $255,000. Options B, C, and D would either not take into account the value of the additional bedroom or incorrectly apply the value, resulting in an inaccurate calculation. Therefore, A is the correct answer.