CA Real Estate License Mock Exam; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
CA Real Estate License Mock Exam; Questions
& Answers Latest Update 100% Solved
A contract created under duress is: voidable
Of the following, which is most correct concerning the Statute of Frauds? It
classifies most
oral real estate contracts as unenforceable.
When a seller sells his home...
CA Real Estate License Mock Exam; Questions
& Answers Latest Update 100% Solved
A contract created under duress is: ✔✔voidable
Of the following, which is most correct concerning the Statute of Frauds? ✔✔It
classifies most
oral real estate contracts as unenforceable.
When a seller sells his home "as is," which of the following is true? ✔✔The
seller must still give
the buyer a real estate transfer disclosure statement.
Which of the following would be the most favorable lease for an owner of an
improved business
property located in a rapidly growing area? ✔✔% lease based on the gross
income with a
minimum rental guarantee and the lessee to pay the taxes
Ms. John gives a life estate to her sister for the life of Charlie, her sister's friend.
The life tenant
dies. What interest does Ms. John hold in the property? ✔✔Fee Simple Estate
, CA Real Estate License Mock Exam; Questions
& Answers Latest Update 100% Solved
A broker who is employed by the seller is liable to the buyer if: ✔✔he acts in
excess of the terms
of his contract
The economic life of an average frame building is: ✔✔40 years
Long term loans to be issued by one lender upon completion of the interim
construction
financing by another lender are known as: ✔✔take out loans
Depreciation is defined as a loss of value due to any cause. It is also classified as
curable and
incurable. Of the following statements concerning depreciation, which one is
correct?
✔✔Bearing walls sagging beyond a 30-degree angle is an example of physical
deterioration-
incurable.
Which of the following may a minor be able to undertake without court
approval?
, CA Real Estate License Mock Exam; Questions
& Answers Latest Update 100% Solved
✔✔Acquisition of real property through gift or inheritance
All of the following actions would be in violation of Real Estate Law, except:
✔✔a CA real
estate broker sharing a commission with a licensed broker in Wyoming who
assisted in
completing a real estate transaction.
A lien cannot be: ✔✔performance
Seller Chris listed a vacant lot with a broker at $111,400. Prospective buyer
Jordan submitted an
offer of $111,000 that was to expire in three days. The next day, Chris made a
counteroffer of
$111,200. When Jordan did not respond within the three-day period, Chris
signed an acceptance
of Jordan's $111,000 original offer and instructed the broker to deliver it to
Jordan. Jordan told
, CA Real Estate License Mock Exam; Questions
& Answers Latest Update 100% Solved
the broker that he had decided not to purchase the property, but Chris insisted
they had a deal.
Based on these circumstances, there is: ✔✔no contract
A broker may refuse to present an offer when the: ✔✔property has already
been sold and the
escrow has closed.
CA Real Estate Law imposes upon a real estate agent the highest obligation of
undivided interest
and loyalty to his principal. This relationship is comparable to that of a:
✔✔trustee to the
beneficiary.
How much of the fees collected in the Real Estate Fund is set aside for the
Recovery Account?
✔✔12%
A buyer signs a deposit receipt on February 5. The offer will expire at 5:00 pm on
the 5th day
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