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.

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!

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Which of the following statements about cost and value is true?

They are always the same
They may be the same
They are never the same
Cost is always higher than value

The correct answer is: They may be the same

Cost and value are not always the same. Choice A and C are incorrect because they make absolute statements that do not always hold true. Choice D is incorrect because cost and value do not always have a set relationship in terms of which is higher. They may be the same or cost may be higher than value, depending on the context and perspective. Choice B is the most accurate statement as it acknowledges that cost and value may be equal, but also recognizes that they may not be.