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.

Which of the following is a generic term for a group of people joining together to invest in real estate?

corporation
partnership
syndicate
association

The correct answer is: syndicate

A syndicate is a generic term for a group of people joining together to invest in real estate, making all the other choices incorrect. Although a corporation, partnership, and association may involve investing in real estate, they are not a specific term for the group of people but rather legal entities with distinct features. For example, a corporation is a business owned by shareholders and a partnership involves 2 or more individuals working together, while an association is a group of people with a common interest. Therefore, C syndicate is the only option that specifically refers to a group of people joining together to invest in real estate.