California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and questions featuring hints and explanations. Get exam-ready!

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In a sale-leaseback transaction, who becomes the new lessee?

The original seller
The new buyer
The real estate broker
The appraiser

The correct answer is: The original seller

In a sale-leaseback transaction, the original seller sells the property and then leases it back from the new buyer. This means that the original seller becomes the new lessee, as they are now leasing the property from the new owner. The new buyer is not the new lessee because they now own the property and are leasing it to the original seller. The real estate broker and appraiser are not directly involved in the transaction and therefore do not become the new lessee.