CA Real Estate case studies
CA Real Estate · Put your knowledge to work in context.
A California real estate salesperson license is issued by the California Department of Real Estate (DRE), the state agency whose stated mission is "to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement." The license is required to perform real estate activity for compensation while working under a licensed broker, and it is the entry-level credential for people starting in residential and commercial brokerage, leasing, and related transaction work. Candidates move through a sequence the DRE organizes under its Examinee section: applying for the examination, having education and application requirements reviewed, self-scheduling or rescheduling a test date through eLicensing, and then taking the exam at a DRE-approved location. The CA Real Estate case studies are 5 cases and about 3,890 words.
1The Substandard Lot, the Side-Yard Wall, and the Garage Conversion
A 42-foot-wide, 4,620-square-foot lot in the City of Marlow was created by a plat recorded in 1956 and has carried a 1,180-square-foot house since 1958. Marlow adopted its current R-1 ordinance in 1994: 50-foot minimum lot width, 6,000-square-foot minimum lot area, 5-foot side setback.
842 words, about 4 min2The Listing Agent Who Befriended an Unrepresented Buyer
Rick owns and supervises Premier Realty. His listing agent, Diane, holds an exclusive right to sell 412 Alder Court at 865,000, with a 5% total commission and 2.5% offered to a cooperating broker.
852 words, about 4 min3Twelve Units, One Stale Lease, and an Optimistic Asking Price
You are asked to review a 12-unit apartment building in a market where well-located, stabilized multifamily trades at capitalization rates of 5.75% to 6.25%. Eight one-bedroom units rent for 1,650; four two-bedroom units rent for 2,100.
658 words, about 3 min4The Self-Employed Borrower with a Declining Schedule C
A borrower who is a sole proprietor applies for a 420,000 loan to buy a 525,000 house with 20% down. Her two most recent Schedule C returns show net profit of 112,400 and then 96,200; the decline is not explained by any one-time event, and add-backs for depreciation and business use of home are already included in those figures.
738 words, about 4 min5The Counteroffer, the Email Acceptance, and the Late Cancellation
A buyer offers 875,000 on a listing priced at 895,000: 3% deposit ( 26,250) due within three business days of acceptance, a 17-day inspection contingency, 21-day appraisal and loan contingencies, and a 35-day close of escrow. The seller counters at 892,000 with a 6,000 seller credit toward buyer closing costs, all other terms unchanged, response due by 5:00 p.m.
800 words, about 4 min