California Real Estate ENTRY Exam LATEST SOLUTION WITH 100 QUESTIONS AND VERIFIED ANSWERS
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Course
California Real Estate
Institution
California Real Estate
California Real Estate ENTRY Exam LATEST
SOLUTION WITH 100 QUESTIONS AND
VERIFIED ANSWERS California Real Estate ENTRY Exam LATEST
SOLUTION WITH 100 QUESTIONS AND
VERIFIED ANSWERS
California Real Estate ENTRY Exam LATEST
SOLUTION WITH 100 QUESTIONS AND
VERIFIED ANSWERS 2024-2025
Lillian is buying Julia's home in Malibu. Julia, after selling her home to
Lillian, is buying Anne Marie's condo in San Francisco. In these
transactions, who is the grantor and who is the grantee? - CORRECT
ANSWER>>Lillian is the grantee and Julia is the grantor. Julia is the
grantee and Anne Marie is the grantor.
In a general warranty deed, the implied promise: "If there is a defect, I
promise to take care of any problems" is referred to as: - CORRECT
ANSWER>>A Covenant of Further Assurance
Marcus wants to have the deed to his new home recorded to protect his
ownership rights. In order to record the deed, it must be notarized. Marcus
must go before a notary public and verify the signing of the deed. The
notary then signs the deed. The verification of Marcus' signature in the
signing of the deed is known as: - CORRECT
ANSWER>>Acknowledgment
,In early common law, transfers of land were only made when: - CORRECT
ANSWER>>The transfer of land from father to son, upon the father's death
would take place.
Jack is leasing a home from Justin for a year. He has decided to lease until
he gets a good feel for the area and knows where he wants to buy. In this
relationship, who has the reversionary right and who has the possessory
right ? - CORRECT ANSWER>>Jack has the possessory right and Justin
the reversionary right.
Drew is leasing his apartment from Reggie. The lease is for one year and
they have agreed on all areas of the contract. The lease is in written form,
and Reggie is the only party that has signed. Without Drew's signature, is
the lease now invalid? - CORRECT ANSWER>>No, the lessee is not
required to sign, only the lessor. The lessee's occupation of the property is
proof the lease agreement was accepted.
Bob leased an apartment for three years from the Steiners. He has recently
purchased his first home and moved out of the apartment. Bob gave the
Steiners sixty days' notice that he would be moving. He left the apartment
in perfect condition. When should he expect his security deposit refunded?
- CORRECT ANSWER>>Within 21 days of vacating the property
Thad and Pierre made an appointment to view a condo for lease advertised
in the newspaper. Thad phoned the landlord and set up a viewing for two
hours later in the day. The couple thought the condo was perfect and
, informed the landlord they wanted to start the application process to lease
the condo. The landlord then explained the condo had just been leased.
The next Sunday in the classifieds, the condo was again advertised for
lease. A friend of the couple phoned the landlord, pretending to be
interested in the property. When asked if it had been leased, the landlord
replied "No". What is going on in this situation? - CORRECT ANSWER>>It
seems the landlord did not like the idea of leasing his condo to a same sex
couple. This is not permissible. A landlord must live by federal and state fair
housing laws.
Katie and Rich own a rental home they have put up FSBO. They've noticed
the same woman has accompanied several potential buyers viewing the
home. Katie and Rich discover she is a broker that has been "showing" the
home on the sly without their permission. Instead of fighting this aggressive
salesperson, the couple just go along. In which manner was agency
created? - CORRECT ANSWER>>Ostensible Agency
Ted and Lisa are selling their home and have signed a listing agreement.
Client or customer? Steven visits Ted and Lisa's open house, and he is
interested in purchasing their home. What happens next? Is Steven a client
or customer? - CORRECT ANSWER>>Ted and Lisa are clients, and
Steven is a customer. The listing agent must disclose to Steven that he/she
represents Ted and Lisa and explain customer relationships.
Timothy has been hired by the estate of Tyler Wilbanks, who is recently
deceased. Timothy has Power of Attorney and will be handling all the real
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