Exam (elaborations)
CA Real Estate Exam- Practice Questions and Answers (100% Pass)
- Course
- Institution
CA Real Estate Exam- Practice Questions and Answers (100% Pass)
[Show more]
Content preview
©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMCA Real Estate Exam- Practice Questions and
Answers (100% Pass)
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
1
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
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
The granting of doing business or to sell a product under a name with restrictions from
the grantor is called: - ✔️✔️Franchise
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller OliviaWest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79835 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now