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California Broker Real Estate Exam Questions with 100% Correct Answers
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California Broker Real Estate Exam Questions with 100% Correct Answers
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMCalifornia Broker Real Estate Exam
Questions with 100% Correct Answers
Broker A receives two offers on Seller B's house, which is listed for sale at $250,000.
The first offer is for all cash at $200,000. The second offer is for 20% down with 80%
financing for the full price. What should the broker do with respect to both offers? -
✔️✔️Present both offers to the seller as soon as possible.
The two primary documents dealing with payment of a loan are the mortgage or deed of
trust and a - ✔️✔️promissory note.
The term that best describes a continuous urban corridor joining at least two cities is -
✔️✔️megalopolis.
The term real property can also be described as - ✔️✔️the bundle of rights.
The rights of a landowner to a river bordering her property are known as - ✔️✔️riparian
rights.
In the case of a transfer of ownership of a piece of real estate, a fixture is normally -
✔️✔️assumed to be included in the transfer.
A tenant who operates a jewelry store wants to take his jewelry cases with him at the
expiration of the lease. What is the best solution? - ✔️✔️He may take the cases if
removal will not cause substantial damage.
A legal description of property is not adequate unless - ✔️✔️land boundaries are defined.
The lot and block system of property description is not also known as the -
✔️✔️rectangular survey system.
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,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
What best describes the interests of the holder of a life estate? - ✔️✔️possession, use,
and ownership
How many acres does a section of land contain? - ✔️✔️640 acres
The requirement that multiple owners take title to property at the same time is a
characteristic of - ✔️✔️joint tenancy.
The type of ownership that provides the most complete bundle of rights is - ✔️✔️fee
simple absolute.
Which are most similar to each other with respect to inheriting property? - ✔️✔️joint
tenancy and community property with right of survivorship (both allow for reversion to
remaining owners)
A statement of the goals and policies regarding growth of a community is a good
definition of the - ✔️✔️general plan.
The primary difference between a common interest subdivision and a standard
subdivision is - ✔️✔️ownership of common areas.
Which of the following is a generic term for a group of people joining together to invest
in real estate? - ✔️✔️syndicate
The proper way for a landowner who has physical difficulty in developing his property to
get relief is to obtain a - ✔️✔️variance.
When is a landowner entitled to compensation for a change in zoning? - ✔️✔️when the
landowner is denied all practical economic use of the property
At which lot does the Subdivided Lands Law take effect? - ✔️✔️the fifth lot
The state has enacted legislation providing special consideration or control for
development of - ✔️✔️rangeland, earthquake areas & coastal areas
The land that benefits from an easement is referred to as the - ✔️✔️dominant tenement.
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,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
All liens are encumbrances. All encumbrances are - ✔️✔️limitations.
A deed restriction prohibiting the sale of property to certain ethnic groups - ✔️✔️is illegal
and unenforceable.
A mechanic's lien creates - ✔️✔️a cloud on title.
A private deed restriction that places a restraint on alienation - ✔️✔️is void, restricts the
sale of property and is unenforceable.
An easement is an encumbrance - ✔️✔️always.
The seller of a one-family house is required to disclose to buyers - ✔️✔️the structural and
mechanical condition of the property.
The process by which eminent domain occurs is called - ✔️✔️police power.
An agent represents a - ✔️✔️principal.
Which of the following types of easement does not run with the land? - ✔️✔️the electric
company's easement to cross over your land with their power lines
What is another term for an agent entrusted to act on someone's behalf? - ✔️✔️fiduciary
The agent who brings a ready, willing, and able buyer to a seller is commonly called the
- ✔️✔️procuring cause.
Broker A agrees to represent Seller B in the sale of her house. Seller B agrees to pay
Broker A a commission if he successfully sells the house. What do we know for certain
based on these facts? - ✔️✔️A bilateral express contract exists between Broker A and
Seller B
Broker A has a listing agreement to sell Seller B's house. Broker A brings an offer to
Seller B on behalf of Buyer C. Seller B rejects the offer and a week later attempts to
negotiate directly with Buyer C. Seller B has violated - ✔️✔️the duty of care.
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, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
Seller A wants to walk away with $200,000 after the sale of her house and all expenses
are paid. She agrees that Broker B can keep, as his fee, anything he gets above that.
What type of agreement have they made? - ✔️✔️a net listing
Seller A has signed a listing agreement with Broker B. Without the assistance of Broker
B, Seller A sells her property and under the terms of the listing agreement owes no
commission to Broker B. What type of listing agreement did Seller A sign? - ✔️✔️an
exclusive agency listing
A cooperating broker may represent - ✔️✔️the buyer or the seller or the listing broker
This is not a type of listing agreement? - ✔️✔️multiple listing
Broker A has a listing to market Seller B's house. He also has a buyer's agency
agreement to find a house for Buyer C. If Buyer C becomes interested in Seller B's
house what might the danger be, if any, to Broker A? - ✔️✔️the creation of a dual agency
(this can be taken care of by disclosing to both parties)
Who of the following owes fiduciary responsibility to the buyer? - ✔️✔️the buyer's agent
A broker hired to sell a house is considered a - ✔️✔️special agent.
A real estate salesperson is always considered an - ✔️✔️employee.
Seller A wants to get the broadest exposure for the sale of her house but does not want
to pay a commission if she sells the house herself. What type of listing will she try to
establish? - ✔️✔️open listing
All agency agreements for the sale of property must be in writing except creation of an
agency by - ✔️✔️there are no exceptions.
The most profitable single use that will generate the highest value for a piece of
property is called it's - ✔️✔️highest and best use.
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