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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The California Real Estate Recovery Account does not compensate victims for?

Fraud
Physical injury
Failure to disclose
Theft

The correct answer is: Physical injury

The California Real Estate Recovery Account does not compensate victims for physical injury because it is designated to assist individuals who have suffered monetary losses due to actions of a licensed real estate agent. Physical injuries are typically covered by insurance or other legal avenues. The other options, including fraud, failure to disclose, and theft, are all potential actions by a real estate agent that could result in financial losses for a victim and would therefore be eligible for compensation from the Recovery Account.