California Real Estate License Exam 1; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
California Real Estate License Exam 1;
Questions & Answers Latest Update 100%
Solved
1.1. A title was recorded for a parcel of real property vested in the name of
Johan Wilson, a
single woman. After her marriage to William Roberts, she executed a deed to
the property only
in the name of...
California Real Estate License Exam 1;
Questions & Answers Latest Update 100%
Solved
1.1. A title was recorded for a parcel of real property vested in the name of
Johan Wilson, a
single woman. After her marriage to William Roberts, she executed a deed to
the property only
in the name of Johan Roberts, a married woman. The discrepancy in the
grantors name is:
A. Valid if William Roberts agrees to it
B. A defect on title that may cause title to be vested as tenants in common
C. Immaterial if the property is properly described
D. A defect which may cause a cloud on the title ✔✔A defect which may cause a
cloud on the
title.
1.2. Which contract would be the most difficult for a buyer to obtain financing?
A. Land Contract
B. FHA
, California Real Estate License Exam 1;
Questions & Answers Latest Update 100%
Solved
C. VA
D. Conventional ✔✔Land Contract
1.3. When a broker runs an advertisement, the broker must disclose:
A. Last name of the broker
B. Name of the broker
C. Name of broker and salesperson
D. Name of the salesperson ✔✔Name of the broker
1.4. Following in-house sales are true, except:
A. The listing agent can act as a dual agent
B. The listing broker can act as a buyers agent only
C. The broker may purchase the property himself
D. The seller may represent the seller only ✔✔The seller may represent the
seller only
1.5. The Federal Housing Administration (FHA) was created primarily:
, California Real Estate License Exam 1;
Questions & Answers Latest Update 100%
Solved
A. To provide insurance for home loans in the secondary market
B. To insure the borrower
C. To provide insurance for home loans made by approved lender
D. To improve the economy for mortgage bankers ✔✔To provide insurance for
home loans
made by approved lenders
1.6. Which of the following loans on a home would probably be made without
requiring a down
payment from the borrower?
A. VA Loan
B. CAL-VET
C. FHA
D. Conventional ✔✔VA Loan
1.7. A person who wishes to purchase a home using the Cal-Vet program would
send his
, California Real Estate License Exam 1;
Questions & Answers Latest Update 100%
Solved
application to:
A. Department of Real Estate
B. Real Estate Commissioner
C. Department of Veterans Affairs
D. Veterans Administration ✔✔Department of Veterans Affairs
1.8. The item that would appear on the debit side of a buyer's closing statement
would be:
A. Purchase Price
B. Prepaid Rents
C. Mortgage Insurance
D. Down Payment ✔✔Purchase Price
1.9. When dealing with the public, a broker may not:
A. Disclose any of his duties to other agents
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