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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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If not specified in escrow, what is the number of days normally allowed to close an escrow?

30 days
45 days
60 days
A reasonable time

The correct answer is: 30 days

In California, if the number of days to close an escrow is not specified in the agreement, it is generally assumed to be 30 days. This standard timeframe provides a reasonable amount of time for both parties involved in the transaction to complete all necessary steps leading up to the closing. Option A is the correct answer because it reflects the typical timeline for closing an escrow when not otherwise specified. Options B and C (45 days and 60 days) represent longer periods than the standard 30 days allowed for closing escrow in California. Option D, "A reasonable time," may vary depending on the circumstances but does not provide a specific timeframe as the question asked for.