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.

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What must be disclosed to a prospective purchaser regarding Mello-Roos assessments?

Nothing, as they are considered public information
Must be disclosed
Only disclosed upon direct inquiry
Only if it affects the property value

The correct answer is: Must be disclosed

Mello-Roos assessments must be disclosed to a prospective purchaser, as they are considered an important factor in the decision to purchase a property. These assessments are an added tax on top of the regular property taxes and can significantly affect the cost of owning a property. Therefore, it is important for a purchaser to be aware of any Mello-Roos assessments before making a decision to buy a property. Option A is incorrect because Mello-Roos assessments are not automatically considered public information. Option C is incorrect because sellers are required to disclose any known Mello-Roos assessments, regardless of direct inquiry. Option D is incorrect because Mello-Roos assessments should be disclosed regardless of their direct effect on the property value.