CA Real Estate State Exam Crash Course; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
CA Real Estate State Exam Crash
Course; Questions & Answers Latest Update
100% Solved
How are ownership rights and interest in real property established by way of a
court proceeding?
A - cloud on title
B - equitable use
C- quiet title action
D - quitclaim
C - quiet title action
Answer ...
CA Real Estate State Exam Crash
Course; Questions & Answers Latest Update
100% Solved
How are ownership rights and interest in real property established by way of a
court proceeding?
A - cloud on title
B - equitable use
C- quiet title action
D - quitclaim
C - quiet title action
Answer Feedback: A quiet title action is proceeding to establish an individual's
right to
ownership of real property against one or more adverse claimants.
The recording of an instrument gives:
A - actual notice
B - passive notice
C - absolute notice
D - constructive notice
, CA Real Estate State Exam Crash
Course; Questions & Answers Latest Update
100% Solved
D - constructive notice
Answer Feedback: Constructive notice is given by taking physical possession or
by recording an
instrument.
Federal income tax rates on ordinary income are:
A - progressive
B - equal
C - flat
D - digressive
A - progressive
Answer Feedback: The more you make, the more you are taxed.
When title of a property is voluntary transferred without any money
consideration, this would be
considered:
A - avulsion
, CA Real Estate State Exam Crash
Course; Questions & Answers Latest Update
100% Solved
B - eminent domain
C - a gift
D - foreclosure
C - a gift
Answer Feedback: This describes a gift which is the only right choice of a
voluntary transfer
without consideration (money).
Who would you contact if you feel your property has been over assessed by the
county assessor?
A - Local housing council
B - Board of equalization
C - County tax collector
D - Assessment appeals board
D - Assessment appeals board
Answer Feedback: You would contact this department to plead your case.
, CA Real Estate State Exam Crash
Course; Questions & Answers Latest Update
100% Solved
A single family home that had an assessed value that was much lower than the
current market
value was sold on November 3rd at its current market value. What will the new
owners have to
pay?
A - supplement tax based on the difference between the old assessed value and
the new assessed
value for the remaining fiscal year
B - nothing
C - a prorated amount of tax
D - a flat tax of 10%
A - supplement tax based on the difference between the old assessed value and
the new assessed
value for the remaining fiscal year
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