How many days does a new owner have to file a change in property ownership statement after a transfer, assuming it is not recorded?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

The correct timeframe for a new owner to file a change in property ownership statement after acquiring a property, assuming the transfer is not recorded, is 45 days. This requirement exists to ensure that local and county tax officials are informed about ownership changes for assessment purposes. California law mandates that the new owner submit the change in ownership statement to the county assessor's office to maintain accurate property records and facilitate the appropriate assessment of property taxes. Failing to file within this 45-day window could potentially result in penalties or complications related to property tax assessments.

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