California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

Practice this question and more.

Above what property value is a licensed or certified appraiser required for all federally related transaction appraisals according to federal regulations?

$200,000
$250,000
$300,000
$350,000

The correct answer is: $250,000

According to federal regulations, a licensed or certified appraiser is required for all federally related transaction appraisals above $250,000. Options A, C, and D do not align with this standard as they are either below or above the specified amount. Therefore, they are incorrect options.