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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Owner A wants to make additional money from a 3-story building on a zone for a 20-story building. What can he do?

Convert it into commercial space
Sell his air rights
Rent it out
Sell the building

The correct answer is: Sell his air rights

Owner A is only able to build a 3-story building in a zone that allows for a 20-story building. By selling his air rights, he can profit from the potential for a taller building despite only being able to build a smaller one himself. Additionally, converting the building into commercial space or renting it out may provide additional income, but it does not address the potential for a larger building on the property. Selling the entire building would also not take advantage of the air rights and would not provide additional income opportunities. Therefore, option B is the best answer.