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 pairs means essentially the same thing?

Mortgage and deed
Foreclosure and trustee's sale
Lien and lease
Escrow and closing

The correct answer is: Foreclosure and trustee's sale

Foreclosure and trustee's sale refer to the same event in the real estate process where the ownership of the property is transferred to the lender in order to repay a debt. The other options, mortgage and deed, lien and lease, and escrow and closing, may all be related to the real estate transaction process, but they do not mean the same thing as foreclosure and trustee's sale. A mortgage is a type of loan used to finance a property, while a deed is a legal document used to transfer ownership of a property. A lien is a claim on a property by a creditor, while a lease is a contractual agreement for someone to use a property for a specified period of time. Escrow and closing both refer to the final steps in the real estate transaction process, but they do not specifically relate to the transfer of property ownership like foreclosure and trustee's sale do.