California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

What is the legality of a broker advertising no down payment for selling a mobile home by directing a buyer to secure a loan for the down payment?

It is legal with proper disclosure
It is legal if the loan interest rates are reasonable
It is illegal
It is legal but unethical

The correct answer is: It is illegal

Options A, B, and D are incorrect because they imply that the action described is legal under certain circumstances. However, directing a buyer to secure a loan for the down payment on a mobile home is considered to be illegal, regardless of proper disclosure or reasonable interest rates. This is because it may be seen as a form of loan steering or coercion, which is prohibited by law. It is important for brokers to fully understand and comply with all applicable regulations when advertising and selling mobile homes, including any laws related to down payments.