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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Which of the following answer choices does not fit with the others?

Deed of trust
Mortgage agreement
Lease agreement
Promissory note and payment plan

The correct answer is: Promissory note and payment plan

The other three choices all involve some sort of conveyance of property or interest in property - a mortgage conveys ownership of a property as security for a loan, a deed of trust is similar to a mortgage and conveys interest in a property as security for a loan, and a lease agreement conveys the right to use a property for a specified period of time. On the other hand, a promissory note and payment plan do not convey any property or interest in property. Instead, it is a contract to repay a debt. Therefore, this choice does not fit with the others in terms of the action or transaction it represents.