California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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Cessation for 30 days must accompany an owner's filing of:

Notice of acceptance
Notice of cessation
Notice of completion
Notice of satisfaction

The correct answer is: Notice of acceptance

The correct choice is the Notice of Cessation because when a project that requires a permit or claims has been suspended, the owner is required to file a Notice of Cessation after a work stoppage that lasts longer than 30 days. This notice is essential as it serves to formally inform all stakeholders, including contractors and subcontractors, about the cessation of work, which can ultimately affect lien rights. The other options represent different types of notices but do not necessitate a cessation period. A Notice of Acceptance typically pertains to accepting a bid or proposal, while a Notice of Completion is filed once a project is fully completed, and a Notice of Satisfaction relates to fulfilling obligations such as paying off a mortgage. None of these require the specific condition of a work cessation lasting 30 days.