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 government program that makes use of land contracts to transfer property to the buyer being assisted?

FHA
VA
CAL-VET
USDA

The correct answer is: CAL-VET

The government program that makes use of land contracts to transfer property to the buyer being assisted is CAL-VET. This program specifically assists veterans and active-duty military service members in purchasing homes by allowing them to make payments on a land contract with a state-owned property. The other options, while also government programs, do not utilize land contracts as a means of transferring property. FHA provides mortgage insurance for loans made by FHA-approved lenders, VA offers mortgages to eligible military service members, and USDA provides loans and grants for rural property development. Therefore, these options are not directly related to the use of land contracts in property transfer.