California Real Estate Exam Bundled Exams 2024/2025 Full Solution Pack Verified 100%

1 of 50 - Which form of payment is most common for a property manager? A. A percentage of income. B. A salary. C. A flat fee. D. All of the Above - Answer-A. A percentage of income. 2 of 50 - Which of the following is exempt from the Natural Hazards Disclosure? A. A special flood area. B. A g...

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: - Answer-Actual Fraud A fee simple estate ...

1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William R...

(1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code - Answer-Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estat...

Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? - Answer-Present both offers to the s...

All of the following are ways by which an offer to purchase real estate would be terminate, except - Answer-Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income propert...

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

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - An...