California Real Estate Bundled Exams with Complete Solution | Verified Answers | 2024

In reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Separate interest How are common interests in a condo owned? - Equally in undivided interest Subdivided Land Laws refer to - Subdivisions of 5+ parcels ...

Which of the following is most vital or important in planning a subdivision: - Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - Percentage Lease What is not an adequate method of transferring property? - Executive Sal...

When agent Andy took a listing, he promised the seller that he would advertise the property in a magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never contacted them or submitted the ad. Andy is guilty of: - Actual Fraud A fee simple estate is: - a...

(1) 1. The real estate marketplace could BEST be described as being A. homogeneous B. stratified C. perfect D. uninfluenced by emotion - B. stratified (based on price) (1) 2. Most real estate agents are primarily engaged in which area of activity A. residential property B. raw land and lots ...

How many square feet in one acre? - There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? - $332,600 To solve this ...

Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - Place the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint ten...