Property Ownership and Land Use Practice Question

Question

A license applicant is studying a California practice scenario involving property taxation. Which statement best describes property taxation? (Item 54)

Answer choices

1. A. It prevents any later disclosure, even when new facts become known.
2. B. Recognize property tax as an exercise of the government power to tax.
3. C. It applies only to commercial property and never to residential transactions.
4. D. It is controlled only by local custom rather than by law, contract, or professional duty.

Correct Answer

B. Recognize property tax as an exercise of the government power to tax.

Explanation

The correct answer is B because property taxation requires candidates to recognize property tax as an exercise of the government power to tax. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.

Question details

• Difficulty: medium
• Domain: Property Ownership and Land Use
• Objective: property taxation

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