Exam (elaborations)
CA DRE SALESPERSON EXAM 2024| ACTUAL EXAM QUESTIONS AND 100% VERIFIED ANSWERS
- Course
- Institution
CA DRE SALESPERSON EXAM 2024| ACTUAL EXAM QUESTIONS AND 100% VERIFIED ANSWERS
[Show more]
Content preview
CA DRE SALESPERSON EXAM 2024|ACTUAL EXAM QUESTIONS AND 100%
VERIFIED ANSWERS
What are the two types of freehold estates?
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?
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.
a life estate
The rights of tenants who rent or lease property is what type of estate?
Less-than-freehold
Does property refer to "rights" or "thing" owned?
Thing
,What are the two types of property?
real and personal
What four things make up real property?
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?
The air space above the land and space beneath the land.
What types of things are considered "affixed" to the land?
bridges, trees, buildings and anything affixed to the buildings, ie doors.
What are waterways, easements, access or other benefits associated with land considered?
incidental or appurtenant to the land
What are the four different duration types that are associated with estates?
1) estates of inheritance or perpetual estates
2) estates for life
3) estates for years
4) estates at will
, If property is not real property, than what type of property is it?
Personal property
What are three kinds of personal property?
1) money
2) movable goods/chattels
3) evidence of debt
What are fixtures?
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?
MARIA
M ethod of attachment
A greement as to nature of property
R elationship of parties (landlord/tenant)
I ntention
A daptability for ordinary use
What are the three most common methods of describing property?
1) recorded map;
2) by US Government section and township;
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GoldenTests. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now