Real Estate Principles Final Exam| 100 Questions| Correct 100%

Anything that is fastened or attached to real property permanently is considered to be: - ANSWERSReal Property A quitclaim deed releases all present claims, rights and title of the: - ANSWERSGrantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: - ANSWERSObtain a writ of execution Before a mechanics lien is effective it must be: - ANSWERSVerified and recorded Discrimination by a real estate licensee based on race is: - ANSWERSA violation of the regulations of the Real Estate Commissioner, against public policy, and unethical Upon the signing of a real property sales contract: - ANSWERSAn equitable title passes to purchaser All California Real Estate Laws are created by: - ANSWERSActs of the legislature The 36 sections in a township are numbered from 1 through 36. Section 1 is located in the: - ANSWERSNortheast corner Which of the following would be a discriminatory act under the Commissioner's Regulations? - ANSWERSPosting a sign on the property indicating a preference for female renters, designing an ad for general circulation appealing to persons of a specific religion to purchase within a given area, and refusing to list a property in an area occupied by persons of a race other than the licensee. The type of interest usually charged on home loans is: - ANSWERSSimple A landowner is notified by a railroad comp