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 most desirable form of deposit from a seller's point of view?

  1. a personal check

  2. a cashier's check

  3. an immediately negotiable check

  4. a wire transfer

The correct answer is: an immediately negotiable check

A seller's most desirable form of deposit would be an immediately negotiable check because it guarantees that the funds are immediately available and can be deposited right away without any further wait or risk of the check bouncing. Personal checks and cashier's checks may have a hold period before the funds can be accessed, and a wire transfer can often have higher fees and may require additional time for processing, making them less convenient for the seller.

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