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Ca Real Estate Practice Exam Questions And Answers With Verified Solutions Already Passed Latest Updated 2024
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  • CaLIFORNIA Real Estate

Ca Real Estate Practice Exam Questions And Answers With Verified Solutions Already Passed Latest Updated 2024

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  • October 8, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • alluvium
  • how many acres i
  • ca real estate practice exam questions and answers
  • procedure to enforce deed restrictions
  • can an easement be lost by non use
  • how long must one use anothers land open and noto

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  • CaLIFORNIA real estate
  • CaLIFORNIA real estate

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Ca Real Estate Practice Exam Questions
And Answers With Verified Solutions
Already Passed Latest Updated 2024
Procedure to enforce deed restrictions - ANSWER✔✔Injunction


Alluvium - ANSWER✔✔soil deposits suspended in water as the result of erosion.


Can an easement be lost by non-use? - ANSWER✔✔Only an easement acquired
by prescription may be lost through non-use. An easement created by deed remains
in effect.


How long must one use another's land open and notoriously to obtain an easement
by prescription? - ANSWER✔✔5 years


How many acres in a section? - ANSWER✔✔640


Ad Valorem Tax - ANSWER✔✔tax based upon the value of the property.


Title is best defined as: - ANSWER✔✔Ownership of Property


Title insurance: - ANSWER✔✔will guarantee that you own the property or that
you have title, but it is not title itself.


A tax levy on real property for government improvements (i.e. curbs, sewers and
sidewalks) is known as: - ANSWER✔✔Special Assessment tax

,Stock in a mutual water company is best described as: - ANSWER✔✔Real
Property


Which of the following terms is most commonly used in California in reference to
liens against real property? - ANSWER✔✔Statutory liens for taxes, mortgages,
deeds of trust, and mechanic's liens are all Specific Liens.


The air space between the walls, floors, and ceiling areas of a condominium project
is called: - ANSWER✔✔Common Area


Are out-buildings appurtenant to real property? - ANSWER✔✔no


accretion refers to which of the following processes? - ANSWER✔✔gradual
building up of property


Covenant definition - ANSWER✔✔A covenant is a promise that runs with
property forever in a general warranty deed.


Deed Restriction definition - ANSWER✔✔a clause placed in a deed by a grantor,
which restricts the use of the property.


The written instrument used to create land restrictions for the benefit of lot owners
in a new subdivision is: - ANSWER✔✔Declaration of Restrictions


If an agent provides the buyer with the Real Estate Transfer Disclosure Statement
after the offer is presented, how long does the buyer have to rescind the
agreement? - ANSWER✔✔3 days

, Special Agent - ANSWER✔✔A special agent is committed to doing one thing for
their client. Example: selling their home (i.e. a realtor is a special agent)


What type of listing is most desirable from the point of view of the broker? -
ANSWER✔✔exclusive right to sell


Which of the following fiduciary duties never terminates? -
ANSWER✔✔confidentiality


Which of the following is the best example of a general agent? - ANSWER✔✔a
property manager


As a result of the decision in (Easton v. Strassburger, 1984) real estate agents can
be held liable not only for defects they know about, but also: -
ANSWER✔✔Defects they should have known about through a reasonable
inspection


Who appoints an administratrix? - ANSWER✔✔the court


In real estate transactions, a real estate salesperson has a direct fiduciary
relationship to: - ANSWER✔✔While the salesperson has a fiduciary duty to the
broker's client, direct fiduciary duty is owed to the sponsoring broker.


An investor buys an apartment building for $240,000 after estimating that it will
have a net income of $40,000 annually. Which value principle is at work here? -
ANSWER✔✔Principle of anticipation


Value is created today by the anticipation of future benefits.

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