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.

If the comparables location is 10% better than the subject and the comparable sold for $350,000, what is the indicated value of the subject property?

$385,000
$315,000
$350,000
$365,000

The correct answer is: $315,000

The indicated value of the subject property cannot be higher than the sold price of the comparable, therefore options A, C, and D are incorrect. Option B is the only correct answer as it is a reasonable approximation, given that the comparables location is 10% better.