California Real Estate Practice Exam

To divide equally or proportionately to time of use is to:

1. progress

2. probate

3. prorate

4. procrastinate

The correct answer is: progress

The term that accurately describes the action of dividing equally or proportionately to time of use is "prorate." Proration is commonly used in real estate and finance to divide costs, expenses, or revenues proportionally based on the time they are applicable. For instance, if a seller's property taxes are due on a specific date, but the sale occurs partway through the year, the taxes would be prorated between the seller and the buyer based on the number of days each party owns the property during that tax period. The other choices do not align with the concept of equitable division by time of use. "Progress" refers to forward movement or development; "probate" relates to the legal process of administering an estate's assets after someone passes away; and "procrastinate" means delaying or postponing tasks. Each of these terms holds distinct meanings and does not pertain to the proportional distribution of costs or usage over time.