California real estate Final Exam A; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
California real estate Final Exam A; Questions
& Answers Latest Update 100% Solved
All of the following are ways by which an offer to purchase real estate would be
terminate,
except Failure to communicate notice of revocation before the other party
has communicated
his or her acceptance
W...
California real estate Final Exam A; Questions
& Answers Latest Update 100% Solved
All of the following are ways by which an offer to purchase real estate would be
terminate,
except ✔✔Failure to communicate notice of revocation before the other party
has communicated
his or her acceptance
When using their closing statement, escrow would debit the seller of income
property for which
of the following items ✔✔Prepaid rent
When a Cal-Vet wishes to purchase a home and use his California veteran's
benefit he would
make the application to ✔✔Department of Veterans Affairs
Which of the following loans would most likely be made without requiring down
payment from
the borrower ✔✔VA Loan
Recorded title to a parcel of property was vested in Mary Wilson a single
woman. After her
, California real estate Final Exam A; Questions
& Answers Latest Update 100% Solved
marriage to John Roberts she executed a deed to the property only in the name
of Mary Roberts,
a married woman. The discrepancy in the grantor's name is ✔✔A defect, which
may cause a
cloud on the title
If a salesperson wishes to advertise his or her services, the advertisement must
include ✔✔The
brokers name
Which of the following statements is incorrect with regard to an "in-house" sale
✔✔The listing
broker can be the agent of the buyer only
For income tax purposes, capital expenditures for improvements & alterations
are ✔✔Added to
the "cost basis" of the property
The document which transfers title but contains no express or implied
warranties is a
, California real estate Final Exam A; Questions
& Answers Latest Update 100% Solved
✔✔Quitclaim deed
Land, which is subject to an easement is said to be ✔✔Encumbered
After completion of a new building in which the owner did not record a Notice
of Completion,
any unpaid claimant must file a Mechanics's Lien within ✔✔90 days
Mr. Smith employed the XYZ Pool Construction Company to install a swimming
pool at his
home. After completion, the contractor filed a lien to obtain payment of the
contract price. The
encumbrance created was ✔✔A specific lien
Which of the following has control over the approval of a subdivision under the
Subdivision
Map Act? ✔✔Planning Commission
Mutual mortgage insurance on a FHA loan ✔✔Protects the lender against ant
deficiency in the
, California real estate Final Exam A; Questions
& Answers Latest Update 100% Solved
event of default
A Land developer offers a free prize to anyone who replies to his direct mail
advertisement &
visits his subdivision site. Prior to awarding the prize, however, the developer
requires the party
to attend a sales presentation at the site. Then sales presentation requirement
was not mentioned
anywhere in the advertisement. This type of promotion is ✔✔Illegal because it
did not disclose
the sales representation attendance requirement
Which of the following statements most accurately describes mortgage
companies who act as
mortgage loan correspondents. Such companies ✔✔Prefer negotiating loans
,which are sold on
the secondary market
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