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.

The right of redemption is associated with which of the following?

A judicial foreclosure
A nonjudicial foreclosure
A trustee's deed
A warranty deed

The correct answer is: A judicial foreclosure

The right of redemption is the legal right to reclaim a property that has been foreclosed upon. Therefore, the right of redemption is associated with situations where a foreclosure has occurred. B, C, and D are incorrect because they do not involve a foreclosure process. B is incorrect because a nonjudicial foreclosure is a type of foreclosure where the lender does not have to go through the court system. C is incorrect because a trustee's deed is a document that transfers a property from a trustee to a new owner, usually after a foreclosure has occurred. D is incorrect because a warranty deed is a type of deed used in real estate transactions, and while it may be used when a foreclosure occurs, it does not involve the right of redemption.