CA Real Estate Principles - Addt'l Review Study Guide with Complete Solutions
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Course
Real Estate
Institution
Real Estate
CA Real Estate Principles - Addt'l Review
Study Guide with Complete Solutions
Acre - Answer️️ -4840 square yards; 43560 square feet
Test for fixtures - Answer️️ -1. Relationship to parties
2. Method of attachment
3. Intent of the parties
Bill of sale - Answer️️ -Transfers title to...
When does a deed take effect? - Answer✔️✔️-When it is delivered and accepted
Escheat - Answer✔️✔️-When one dies w/o a will or any living heirs, his estate goes
to the state of CA
Preliminary notice - Answer✔️✔️-Written notice that should be given w/in 20 days
of supplying labor or services (must be filed before a mechanic's lien can be done)
Judgement - Answer✔️✔️-A general lien
Unlocated easement - Answer✔️✔️-One that does not specify a special area for
right-of-way
A transfer disclosure statement is required for the sale of... - Answer✔️✔️-1-4 unit
residential properties
In what type of listing is the broker competing with the owner? - Answer✔️✔️-
Exclusive agency listing
Assignment - Answer✔️✔️-Transfers a person's right within a contract
Purchase agreement contracts - Answer✔️✔️-The offer and deposit to purchase a
specific property on specific terms. (must be accompanied by earnest $ deposit or
promissory note)
Parol Evidence Rule - Answer✔️✔️-Previous oral or written contracts can't be used
to contradict or modify the terms of a written contract.
What is used to change the original terms of a purchase agreement? - Answer✔️✔️-
Counter offer form
Executory contract - Answer✔️✔️-Has yet to be performed
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