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CA DRE Salesperson Exam Questions and Answers (Latest Update 2023) Verified Answers GRADED A+
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CA DRE Salesperson Exam Questions and Answers (Latest Update 2023) Verified Answers GRADED A+
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CA DRE Salesperson Exam Questions and Answers(Latest Update 2023) Verified Answers GRADED A+
What are the two types of freehold estates? - correct answers ✅1) an
estate in fee (simple absolute)
2) a life estate.
What is the most complete, largest type of estate that includes all rights
associated with the estate? - correct answers ✅An estate in fee simple
absolute
What type of estate do you own if someone grants you real property for you
to own only during your lifetime? When you die, the property reverts back
to original estate owner. - correct answers ✅a life estate
The rights of tenants who rent or lease property is what type of estate? -
correct answers ✅Less-than-freehold
Does property refer to "rights" or "thing" owned? - correct answers
✅Thing
What are the two types of property? - correct answers ✅real and personal
,CA DRE Salesperson Exam Questions and Answers
(Latest Update 2023) Verified Answers GRADED A+
What four things make up real property? - correct answers ✅1) land;
2) anything affixed and regarded as permanent part of the land;
3) anything incidental or appurtenant to the land;
4) anything immovable from land
Besides the earth, i.e. soil and rocks, what else do you own when you own
land? - correct answers ✅The air space above the land and space beneath
the land.
What types of things are considered "affixed" to the land? - correct answers
✅bridges, trees, buildings and anything affixed to the buildings, ie doors.
What are waterways, easements, access or other benefits associated with
land considered? - correct answers ✅incidental or appurtenant to the land
What are the four different duration types that are associated with estates? -
correct answers ✅1) estates of inheritance or perpetual estates
2) estates for life
, CA DRE Salesperson Exam Questions and Answers
(Latest Update 2023) Verified Answers GRADED A+
3) estates for years
4) estates at will
If property is not real property, than what type of property is it? - correct
answers ✅Personal property
What are three kinds of personal property? - correct answers ✅1) money
2) movable goods/chattels
3) evidence of debt
What are fixtures? - correct answers ✅Personal property that is attached
to land so that it becomes a part of the real property.
What are the five tests used by the courts to determine if an item is a
fixture? - correct answers ✅MARIA
M ethod of attachment
A greement as to nature of property
R elationship of parties (landlord/tenant)
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