California Broker Real Estate Exam; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
California Broker Real Estate Exam; Questions
& Answers Latest Update 100% Solved
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. Wha...
California Broker Real Estate Exam; Questions
& Answers Latest Update 100% Solved
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? ✔✔Present
both offers to the
seller as soon as possible.
The two primary documents dealing with payment of a loan are the mortgage or
deed of trust and
a ✔✔promissory note.
The term that best describes a continuous urban corridor joining at least two
cities is
✔✔megalopolis.
The term real property can also be described as ✔✔the bundle of rights.
The rights of a landowner to a river bordering her property are known as
✔✔riparian rights.
, California Broker Real Estate Exam; Questions
& Answers Latest Update 100% Solved
In the case of a transfer of ownership of a piece of real estate, a fixture is
normally ✔✔assumed
to be included in the transfer.
A tenant who operates a jewelry store wants to take his jewelry cases with him
at the expiration
of the lease. What is the best solution? ✔✔He may take the cases if removal will
not cause
substantial damage.
A legal description of property is not adequate unless ✔✔land boundaries are
defined.
The lot and block system of property description is not also known as the
✔✔rectangular survey
system.
What best describes the interests of the holder of a life estate? ✔✔possession,
use, and
ownership
, California Broker Real Estate Exam; Questions
& Answers Latest Update 100% Solved
How many acres does a section of land contain? ✔✔640 acres
The requirement that multiple owners take title to property at the same time is
a characteristic of
✔✔joint tenancy.
The type of ownership that provides the most complete bundle of rights is
✔✔fee simple
absolute.
Which are most similar to each other with respect to inheriting property?
✔✔joint tenancy and
community property with right of survivorship (both allow for reversion to
remaining owners)
A statement of the goals and policies regarding growth of a community is a good
definition of
the ✔✔general plan.
The primary difference between a common interest subdivision and a standard
subdivision is
, California Broker Real Estate Exam; Questions
& Answers Latest Update 100% Solved
✔✔ownership of common areas.
Which of the following is a generic term for a group of people joining together
to invest in real
estate? ✔✔syndicate
The proper way for a landowner who has physical difficulty in developing his
property to get
relief is to obtain a ✔✔variance.
When is a landowner entitled to compensation for a change in zoning? ✔✔when
the landowner
is denied all practical economic use of the property
At which lot does the Subdivided Lands Law take effect? ✔✔the fifth lot
The state has enacted legislation providing special consideration or control for
development of
✔✔rangeland, earthquake areas & coastal areas
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