California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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.

What does a person with a time share always have?

A use interest
A property title
A rental agreement
A purchase option

The correct answer is: A use interest

A person with a time share always has a use interest, meaning they have the right to use a property or accommodation for a specific period of time each year. Option B, a property title, is incorrect because ownership of the property is usually divided among multiple time share owners and each only has access for a certain period of time. Option C, a rental agreement, is incorrect because time share owners don't rent the property; they have a use interest for a set period of the year. Option D, a purchase option, is incorrect because time share owners don't have the option to purchase the property outright, they only have the right to use it for a specific time period.