Exam (elaborations)
Real Estate Cali Quiz 20 Verified and 100% Correct Q & A, Complete Document for Exam
- Course
- Institution
Real Estate Cali Quiz 20 Verified and 100% Correct Q & A, Complete Document for Exam
[Show more]
Content preview
Real Estate Cali QuizCircle the letter of the Answer that corresponds to the displayed Question.
1. Capitalize
A. A map that only shows lot locations and size
B. Two Years
C. To convert future income to present value
D. Lender
2. Temporary Broker
A. District Attorney
B. A practice whereby a broker hopes to profit thru persuading owners to enter into a real estate
transaction by telling them that change may occur in the neighborhood in regards to race, sex, religion,
color, handicap, or familial status
C. Actions of a landlord that disturb or impair a tenant's enjoyment of the leased premises and causes
him to leave
D. When designated broker becomes ill or dies, the broker that steps in to manage agents
3. Deed
A. Bungalow
B. Agency with someone who appears to act on behalf of a prncipal with no formal listing agreement
C. One authorized to act on behalf of another
D. Written instrument transferring the ownership of real property from one person to another
4. Escrow
A. The Broker notifies the Seller and the Seller accepts.
B. Knowledge that is implied by the law or legal notice
C. Arrangement in which money and/or documents are then transferred by escrow agent according to
purchase and sale agreement
D. A Subordinate Clause
5. Lessor
A. Charge for using another's money
B. Borrower must be shown the appraisal and if not may withdraw from the sale penalty free
C. Planning Commission
D. Landlord
6. Littoral Rights
A. Rights associated with navigable waterways
B. TRUE
C. Real estate market where the demand for homes is greater than the supply
D. Statement to the best of the sellers knowledge identifying condition of property being sold
, 7. How many acres in a square mile?
A. Landlord
B. Gable (also called: ridged, dual-pitched, peaked, saddle, pack-saddle, saddleback, span roof)
C. An estate that lasts for a fixed period of time (rent or lease)
D. 640
8. Government Check
A. YES
B. In a 24-mile-square parcel, there are 16 townships
C. Landlord
D. Acquisition
9. Half a Mile by Half a Mile is how many acres?
A. 160 Acres
B. Charge for using another's money
C. When a court determined the validity of a will or the order of descent if there is no will.
D. A trust that becomes effective after a person dies
10. Power of Sale
A. Statement to the best of the sellers knowledge identifying condition of property being sold
B. Clause that permits the trustee to sell the property if the borrower defaults without a court of law
C. Written agreement is the final expression of the agreement of the parties and prevails over prior oral
negotiations
D. Establishment of the Tax Base.
Circle the letter of the Question that corresponds to the displayed Answer.
11. One giving up possession or the Seller
A. Testate
B. An estate at sufferance:
C. In a flood hazard report, the degrees of flood hazard are:
D. Grantor
12. NO
A. Are there any Insurance Policies that cover ALL risks?
B. In order to be valid, a Deed:
C. Exaggerating features of a property and/or neighborhood when showing the property to prospective
buyers is called:
D. The provision of the Subdivision Map Act is enforced by:
13. TRUE
A. The Agent who will earn a commission is the one that:
B. Eminent Domain may be exercised by Cities, Public Utilities, or Public Education.
C. Unsubdivided Land
D. Employing Broker
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 ACTUALSTUDY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now