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 will be affected by California usury laws?

A private lender making a loan to buy a house
A federal bank loan
A commercial business loan
A loan from a relative

The correct answer is: A private lender making a loan to buy a house

California usury laws set limits on the maximum amount of interest that can be charged on loans. This means that if a private lender, who is not a federally regulated bank, lends money to someone to buy a house, they are subject to these laws and can only charge a certain amount of interest. The other options listed - a federal bank loan, a commercial business loan, and a loan from a relative - are not affected by California usury laws because they fall under different regulations and do not fall under the state's usury laws.