California Real Estate Practice Exam

On which of the following properties may one file a valid Declaration of Homestead?

1. Fourplex

2. House on 2-acre parcel

3. Single-family dwelling

4. All of the above

The correct answer is: Fourplex

A valid Declaration of Homestead can be filed on a variety of property types used as a primary residence, which may include a fourplex, a house on a 2-acre parcel, and a single-family dwelling. The key criterion is the use of the property as a residence for an individual or family. The Declaration of Homestead provides certain protections against creditors in California, typically applicable to properties that serve as a person's primary home. Therefore, all options presented—whether it's a fourplex where the owner lives in one unit while renting out the others, a house on a 2-acre parcel, or a single-family dwelling—meet this requirement as long as the property is occupied as a residence. Thus, the most accurate answer encompasses all of the mentioned property types. A Declaration of Homestead can be validly filed on any of these properties, provided they meet the primary residence criteria.