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Which of the following is most vital or important in planning a subdivision: -Answer Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: -Answer Percentage Lease What is not an adequate method of transferring property? ...

When agent Andy took a listing, he promised the seller that he would advertise the property in a magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never contacted them or submitted the ad. Andy is guilty of: - ANSWERActual Fraud A fee simple estate i...

How many baseline and meridian systems in CA? - ANSWER3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? - ANSWERCA In the order in which they are to occur, the three steps of agency discosure are? - ANSWERdisclose, elect, c...

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - A...

Land - ANSWERThe physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - ANSWERgenerally refers to land with permanent manmade improvements. Real property - ANSWERrefers not only to the land and it...

Purpose of CalBRE - ANSWERThe California Bureau of Real Estate (CalBRE) protects the public through the enforcement of laws and requirements for salespersons' and brokers' real estate licenses. The California Real Estate Commissioner - ANSWERThe California Real Estate Commissioner has the autho...

A property owner has an easement appurtenant on her property. One day the property is sold to another party who is opposed to the easement. Following the closing, this particular form of easement does what? - ANSWERtransfers with the owner to a new property. A property owner is precluded by deed ...

In reference to Property Taxes, "basis" or "cost" is - ANSWERPurchase price of prop plus cost of improvements. How is a condominium unit owned? - ANSWERSeparate interest How are common interests in a condo owned? - ANSWEREqually in undivided interest Subdivided Land Laws refer to - ANSW...

A 'commercial acre' is best defined as - ANSWERAn acre after deductions for streets and alleys. A join tenancy can be created by deeds conveying undivided interest in which of the following? - ANSWER(all of the following) By transfer from a wife deeding her seperate property to herself and h...

How many square feet in one acre? - ANSWERThere are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? - ANSWER$332,600 ...

There are three main areas within this subject: Listing of real property Sales contracts Marketing - ANSWERThere are three main areas within this subject: Listing of real property Sales contracts Marketing Real Estate Practices describes government regulation of brokerage transactions, ...

1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William R...

Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - ANSWERPlace the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joi...

Real Estate Law - ANSWERPart 1, Sections 10000 to 10580 of the Business and Professions Code Subdivided Lands Law - ANSWERPart 2, Sections 11000 to 11200 of the Business and Professions Code California Bureau of Real Estate (CalBRE) - ANSWERA real estate regulatory body that is headed by the R...