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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What is the estimated reproduction cost of a 2,500 square foot house similar to a 2,600 square foot house that cost $338,000 to build?

$325,000
$338,000
$350,000
$310,000

The correct answer is: $325,000

Based on the given information, we can deduce that the cost of building a 2,600 square foot house is $338,000. To estimate the cost of building a 2,500 square foot house, we need to take into account the difference in size between the two houses. The estimated reproduction cost of a 2,500 square foot house would be less than $338,000 because it is smaller in size. Option B is the exact cost of building a 2,600 square foot house and does not take into account the decrease in size for the 2,500 square foot house. Option C is higher than the cost of building the 2,600 square foot house and is therefore not a reasonable estimate. Option D is significantly lower than the cost of building the 2,600 square foot house and does not accurately reflect the cost of building the 2,500 square foot house. Overall, option A provides the most accurate and reasonable estimate for the reproduction cost of a 2,500 square foot house similar to a 2,600 square foot house that cost $338,000 to build.