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 time frame within which a legal action must be filed as a result of information in a property transfer disclosure statement?

One year
Two years
Three years
Five years

The correct answer is: Three years

The time frame within which a legal action must be filed as a result of information in a property transfer disclosure statement is three years. This means that if a buyer discovers an issue with the property within three years of the transfer, they may be able to take legal action against the seller. Options A, B, and D are incorrect because they are not within the specific time frame of three years. Option A is too short, option B is too short, and option D is too long. It is important for the buyer to investigate and address any potential issues within three years to ensure they are able to take legal action if necessary. However, it is always recommended to consult with a legal professional for specific advice and guidance regarding any legal actions.