Legal Aspects of Real Estate CA Latest Guide 2023Legal Aspects of Real Estate CA Latest Guide 2023Legal Aspects of Real Estate CA Latest Guide 2023Legal Aspects of Real Estate CA Latest Guide 2023
Legal Aspects of Real Estate CA Latest Guide 2023
Under (blank), legal disputes were settled on a case-by-case basis before a
judge. - Correct answer english common law
Under (blank), legal disputes were settled by pre-established statutes - Correct answer Spanish civil law
The Federal and state governments are divided into these three branches -
Correct answer Executive, legislative, judicial
(blank) is the power of the state or local government to protect the public wellbeing - Correct answer police power
(blank) is the power of the state or local government to take property for public use - Correct answer Eminent Domain
the power of state or local government to generate revenue and fund state and local governmental functions under their police power - Correct answer
The power to tax
covenants, conditions, and restrictions (CC&Rs) which limit subdivision sales to nonminorities violate: - Correct answer equal protection laws
California has a three tiered court system consisting of: - Correct answer trial courts, appellate courts, and the supreme court
(blank) determines the proper physical location of the court which will hear a case - Correct answer venue
A (blank) clause determines in advance which state's law applies to dispute
- Correct answer choice-of-law
The right to posses and use property includes the right to: - Correct answer
occupy, lease, and sell the property
Real estate is characterized as: - Correct answer immovable
age P1 of 14 The first component of real estate is land, which includes: - Correct answer soil, rocks, and reasonable airspace above the earth
A fixture is: - Correct answer personal property which has become permanently attached to real estate
The ownership interests in real estate include: - Correct answer fee, life, and leasehold estates
A person who holds a (blank) interest in real estate has the right to posses and control their property indefinitely - Correct answer fee estate
A (blank) is an interest in a parcel of real estate lasting the lifetime of a named individual, called a controlling life. - Correct answer life estate
A leasehold estate conveys to a tenant the right to (blank) a fee owner's real estate - Correct answer posses
In a (blank) a landlord and tenant agree to successive rental periods of the same length, such as a month-to-month tenancy - Correct answer periodic tenancy
A (blank) grants its holder a nonexclusive personal privilege to use property
- Correct answer license
(blank) are improvements made to leased property to meet the needs of the occupying tenant - Correct answer tenant improvements
An improvement which a tenant is required to make in exchange for a reduction in rent is an example of: - Correct answer mandatory improvement
An improvement which is authorized but not required by the landlord - Correct answer permissive improvement
on expiration of a lease, the passage of real estate fixtures from the tenant to landlord is a conveyance called: - Correct answer reversion
age P2 of 14
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