California Real Estate Practice Exam

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What will the public report for a condominium include?

Only the physical dimensions of the property
Interest to be acquired by the purchaser, negative environmental issues or limitations on the use of the property
Details about the developer's other projects
Local school district information

The correct answer is: Interest to be acquired by the purchaser, negative environmental issues or limitations on the use of the property

A public report for a condominium will include information regarding the interest that will be acquired by the purchaser, such as ownership rights and any associated fees. This report also includes any negative environmental issues or limitations on the use of the property that could affect potential buyers' decisions. Options A, C, and D are incorrect because they only provide limited information that may not be relevant to prospective buyers. The physical dimensions of a property and details about the developer's other projects can always be obtained through other means, and local school district information may not have a direct impact on a condominium purchase. Option B best addresses the important elements that should be included in a public report for a condominium.