CA Real Estate Exam Practice 100% Correct Answers | Verified Latest 2024 Version
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CA Real Estate Exam Practice | 100% Correct
Answers | Verified | Latest 2024 Version
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
sho...
CA Real Estate Exam Practice | 100% Correct
Answers | Verified | Latest 2024 Version
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 tenants is severed and ended by the following: - ✔✔A foreclosure
by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the
joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a
mortgage loan. The mortgage that he will obtain will probably be? - ✔✔A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: -
✔✔Mortgages his or her share
Avulsion - ✔✔Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - ✔✔Today's cost and today's reproduct
ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - ✔✔Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - ✔✔cancel the transaction.
Not funtional obsolescense - - ✔✔Proximity of nuisances
Intestate means: - ✔✔Someone that left no will
, A principle may request an accounting from the real estate agent of his funds : - ✔✔At any time
The seller's responsibility is to transfer the property: - ✔✔Free and clear
When compare to real estate, stocks and bonds are: - ✔✔More liquid
Which of the following are liens? - ✔✔Incometax
Judgements
Attachment
subagents: - ✔✔They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - ✔✔a license is required to answer questions
Who must disclose Mello - ✔✔Seller (OWNER)
if the electrical was intalled by the son-in-law of the seller,
and not to code and the buyer moves in, and after, the
property catches on fire : - ✔✔the real estate agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that something was
not properly disclose by Miles and Olsten, this is called: - ✔✔Fraud
Logan sold a home to Hughes, if Hughes backs out: - ✔✔Logan can sue for a specific performance
A buyer pays for which of the following? - ✔✔Escrow, Title, Insurance
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