California Legal Aspects of Real Estate Final Exam 204/2025 (Answered)
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California Legal Aspects of Real Estate
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California Legal Aspects Of Real Estate
California Legal Aspects of Real Estate Final Exam 204/2025
(Answered)
A promissory note is:
a. evidence of the debt
b. evidence of a sale
c. a security interest in the property for the lender
d. the same as a mortgage or trust deed - -a. evidence of the debt
In order to be considered an ema...
California Legal Aspects of Real Estate Final Exam 204/2025
(Answered)
A promissory note is:
a. evidence of the debt
b. evidence of a sale
c. a security interest in the property for the lender
d. the same as a mortgage or trust deed - -a. evidence of the debt
In order to be considered an emancipated minor and have the capacity to contract, a minor
must:
a. be married, widowed, or divorced; have entered military service on active duty; or have
received a declaration of emancipation from a court
b. just state that he is an emancipated minor
c. be employed
d. act mature enough to make his own decisions - -a. be married, widowed, or
divorced; have entered military service on active duty; or have received a declaration of
emancipation from a court
An agency coupled with an interest will not be terminated by death of the:
a. lender
b. principal
c. escrow holder
d. customer - -b. principal
A lease that provides renewal options on a tenancy for years on agricultural land for more
than 51 years would be:
,California Legal Aspects of Real Estate Final Exam 204/2025
(Answered)
a. enforceable
b. a violation of the tenant's rights
c. unenforceable
d. a violation of the landlord's rights - -c. unenforceable
After the three-day notice is served and the tenant still does not cure the default, the
landlord may:
a. have a friend remove the tenant and the tenant's belongings from the property
b. go to the sheriff to get the tenant thrown out
c. initiate a peaceful eviction proceeding
d. initiate an unlawful detainer action - -d. initiate an unlawful detainer action
Procuring cause is best defined as an agent who is entitled to a commission because the
agent was the one who:
a. introduced the buyer to the property
b. met the buyer at an open house
c. initiated an uninterrupted series of events that led to that state
d. wrote up the offer - -c. initiated an uninterrupted series of events that led to that
state
A homestead declaration does not protect an owner from liens such as:
,California Legal Aspects of Real Estate Final Exam 204/2025
(Answered)
a. trust deeds
b. mechanic's liens
c. all of these
d. tax liens - -c. all of these
Under the Uniform Electronic Transactions Act, a person can scan documents and send
them by email as long as the person can:
a. send the email with a notary present
b. verify that the document was not modified in a program such as Photoshop
c. verify and affirm that the document was signed
d. show the original signed document - -d. show the original signed document
The agent cannot disclose to third parties any confidential information about the principal
without:
a. persuasion
b. permission
c. persistence
d. presenting the reason first - -b. permission
A nephew who unjustly persuades his elderly uncle to transfer property to him for a token
consideration would make the contract voidable and would be considered:
a. negligent misrepresentation
b. failure to arrive at mutual consent
c. lack of capacity
, California Legal Aspects of Real Estate Final Exam 204/2025
(Answered)
d. undue influence - -d. undue influence
A lease may be terminated if a trust deed, which was recorded before the lease, is:
a. stopped
b. paid off
c. foreclosed
d. hypothecated - -c. foreclosed
A balloon payment on a real estate loan is:
a. the final payment to pay off a loan
b. the smallest payment made on the loan
c. more than twice the amount of the smallest payment
d. a payment made by a guarantor of the loan - -c. more than twice the amount of the
smallest payment
An agent has a fiduciary duty to obey:
a. only lawful instructions the principal gives
b. only unlawful instructions the principal gives
c. any instructions the principal gives
d. any instructions by the customer - -a. only lawful instructions the principal gives
If, after a reasonable period of having given a landlord notice, the landlord fails to make
needed repairs to make the premises habitable, the tenant can spend up to:
a. any amount as long as a judge approves
b. $50
c. one month's rent to make necessary repairs
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