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!

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How long may a deposit be held before an offer is accepted, before it must be deposited in the broker's trust fund?

Indefinitely
24 hours
72 hours
7 days

The correct answer is: Indefinitely

A deposit may be held for any length of time before an offer is accepted. However, once the offer is accepted, the deposit must be deposited into the broker's trust fund within the time frame specified by state laws and regulations. Options B, C, and D suggest specific time frames, while option A allows for any length of time, making it the most accurate choice.