California Department of Real Estate - Salesperson LATEST EXAM GUIDE Q & S 2026/2027

California
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q & S
© 2026/2027
1. When considering land use controls, which entity is typically
responsible for zoning ordinances?
 a) State government
 b) Local government
 c) Federal government
 d) Homeowners association
 Correct Answer: b) Local government
2. In California, a fiduciary duty is best described as:
 a) A contractual agreement between buyer and seller
 b) A legal obligation of one party to act in the best interest of
another
 c) A non-binding promise made by a real estate agent
 d) A financial responsibility to a lending institution
 Correct Answer: b) A legal obligation of one party to act in the
best interest of another
3. The capitalization rate in property valuation is used to:
 a) Calculate the gross rental income
 b) Estimate the property's market value based on income