California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

Practice this question and more.

An offer to purchase real estate is revocable by?

The person making the offer
The real estate agent
The mortgage lender
The government

The correct answer is: The person making the offer

An offer to purchase real estate is usually made by the potential buyer and is considered a proposal or promise. As the offer is made by the person making the offer, they have the right to revoke or withdraw the offer at any time before it is accepted. This means that the other options, including the real estate agent, the mortgage lender, and the government, do not have the authority to revoke the offer as they are not the ones who made it. Therefore, A is the correct answer as the person making the offer holds the power to accept or revoke it.