CA Real Estate Exam- Practice; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
CA Real Estate Exam- Practice; Questions &
Answers Latest Update 100% Solved
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 ...
CA Real Estate Exam- Practice; Questions &
Answers Latest Update 100% Solved
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
, CA Real Estate Exam- Practice; Questions &
Answers Latest Update 100% Solved
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
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