California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

Which of the following answer choices does not fit with the others?

  1. Deed of trust

  2. Mortgage agreement

  3. Lease agreement

  4. Promissory note and payment plan

The correct answer is: Promissory note and payment plan

The other three choices all involve some sort of conveyance of property or interest in property - a mortgage conveys ownership of a property as security for a loan, a deed of trust is similar to a mortgage and conveys interest in a property as security for a loan, and a lease agreement conveys the right to use a property for a specified period of time. On the other hand, a promissory note and payment plan do not convey any property or interest in property. Instead, it is a contract to repay a debt. Therefore, this choice does not fit with the others in terms of the action or transaction it represents.

More Questions Like This