California Real Estate Exam: 10 Contracts, Listings & Transfer Questions (2026)
Episode 5 of the Quibank California Real Estate series drills contracts (~12%), listings, and transfer of property (~8%). Ten real practice questions with answers and one-line explanations: the four contract essentials, voidable vs unenforceable contracts, options, California's Statute of Frauds, ex
Transcript
Contracts, listings, and transfer round out the California Real Estate Exam together about a third of it. Here are 10 questions. Try each one before I answer. Question 1.
Which of these is one of the four essential elements of a valid contract? Consideration. The other three are capable parties, mutual consent, and a lawful object. Question 2.
A minor signs a contract. How is it classified since the minor may disaffirm it? Voidable. Question 3.
A contract the law requires to be in writing exists only as an oral agreement. What is it? Unenforceable. Question 4.
An option keeps an offer open, but the optione is not obligated to buy. What kind of contract is that? A unilateral contract. Question 5.
Under California's Statute of Frauds, which of these does not have to be in writing? An agreement between two brokers to split a commission. Question 6. Under an exclusive right to sell listing, when does the broker earn a commission?
No matter who finds the buyer, even if the owner does. Question 7. Under an open listing, which broker gets paid? Only the broker who is the procuring cause of the sale.
Question 8. A deed conveys whatever interest the grantor may have with no warranties of title. What deed is that? A quick-claim deed.
Question 9. In California, the second installment of property tax becomes delinquent after which date? April 10. Question 10.
How long must you occupy land and pay its taxes to claim title by adverse possession in California? Five years, including paying the property taxes for all five. Quick recap. A valid contract needs consideration.
A miner's contract is voidable. An option is unilateral. An exclusive right to sell pays no matter who sells. A quick-claim gives no warranties, and adverse possession takes five years plus paying the taxes.
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