Exam (elaborations)
California Real Estate Salesperson Exam -with 100% verified solutions -tutor verified
- Course
- Institution
California Real Estate Salesperson Exam -with 100% verified solutions -tutor verified
[Show more]
Content preview
California Real Estate Salesperson Exam -with100% verified solutions 2024-2025 -tutor
verified
150Q&A
Which of the following is most vital or important in planning a subdivision:
Market Analysis
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed:
Percentage Lease
What is not an adequate method of transferring property?
Executive Sale
What is considered personal property?
Existing Mortgage
If an income property is valued at $100,000 based on an 8% capitalization
rate, what would be the value of the property if a 10% return is required:
$80,000
$100,000 Value of Property
x 0.08 Capitalization Rate
=$8,000 Net Income
$8,000 Net Income
÷ 0.10 of Return
=$80,000 Value of Property The value of the best property in the neighborhood will be adversely affected by the presence of comparatively substandard property is a statement relating to value and is know as the Principle of:
Regression
Which of the following actions or events would result in the termination of a sales escrow:
Mutual consent of the parties
The measure of goods and services produced by the nation during any one calendar year is the definition of which of the following:
Gross National Product
An easement on real property can be terminated by:
A release signed by the holder of the dominant tenement
An appraiser's narrative appraisal report of a single-family residence probably would contain no reference to:
The type of financing available
When identical or highly similar properties are offered for sale, the property offered at the lower price attracts the greatest demand. That statement is an illustration of which of the following principles of appraising:
Substitution
When the public records have been examined in order to determine the chain of title to a parcel of real property, a written summary of that chain of title is known as:
An abstract of title The remedy of unlawful detainer action is used by offended:
Lessors
Freehold estates would include which of the following:
A life estate
If a lender accepts a deed in lieu of foreclosure from a trustor, the lender:
Will assume any junior liens
Which of the following would usually be true concerning a hard money second trust deed:
It's secured by real estate and given to a third party to obtain a cash loan
Betty is beneficiary of a $15,000 deed of trust on a single-family home located in Long Beach, CA. Trustor Milo made $2,000 in payments, then defaulted. At a trustee's sale, the property sold for $10,000, resulting in a $3,000 deficiency. In California, a deficiency judgement cannot be obtained:
In any of the below situations.
-If the security is a purchase-money trust deed.
-If remedy of trustee's sales is used.
-If fair market value of the property exceeds the amount due on the trust deed.
What state agency would a consumer contact in order to obtain a written report disclosing the presence of wood destroying organisms?
Structural Pest Control Board
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 Studiespro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79978 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now