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Free California Real Estate Salesperson Mock Exam
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Question 1 of 10⏱ 08:00
A buyer signs a contract at $700,000 with a loan contingency and an appraisal contingency that have not been removed. The lender's appraisal returns at $665,000, and the lender will lend only on the lower figure. The buyer asks what choices exist under the contract.
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