Real Estate Final Exam - 100 Questions And Answers
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Course
Real Estate
Institution
Real Estate
Real Estate Final Exam - 100 Questions And Answers
Zoning is under the control of: - ANS government agencies.
A contract that is binding and enforceable in a court of law is said to be: - ANS valid.
Escrows base monthly prorations on how many days? - ANS 30
The area of a rectangu...
Zoning is under the control of: - ANS government agencies.
A contract that is binding and enforceable in a court of law is said to be: - ANS valid.
K
Escrows base monthly prorations on how many days? - ANS 30
The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - ANS 5,000 sq. ft.
C
For about how much assessed value is the Homeowner's Property Tax Exemption? - ANS
$7,000
LO
Misuse of the real estate appraisal report or coercion of the appraiser are now: - ANS federal
felonies.
A person who is authorized by the Secretary of State to witness the acknowledgement of
YC
documents is known as a(n): - ANS notary public.
A broker who mixes personal funds with his or her principal's funds is guilty of: - ANS
commingling.
Real property consists of: - ANS land and structures on the land
D
anything incidental to the land
anything appurtenant to the land
U
Which of the following is NOT one of the forces that affect the value of a neighborhood? - ANS
Past sales considerations
ST
The federal civil rights law that applies to people with disabilities and protects them from
discrimination is the: - ANS Americans with Disabilities Act
When prices rise due to shortages of available properties, it is known as a: - ANS seller's
market.
Other than the initial small deposit to open the account, when are money deposits the personal
property of the broker? - ANS Never
Which "American" title insurance is usually requested by lenders? - ANS ALTA policy
, Which of the following is a requirement of a lease? - ANS length of lease
amount of rent
names of parties
Which of the following is NOT an essential element of a real estate contract? - ANS Cash
The California Department of Veteran's Affairs loan program is commonly known as the: - ANS
CalVet Program.
The market data method (comparison approach) is the most common approach for: - ANS
K
houses
condos
vacant land
C
What is the section in the Residential Listing Agreement (Exclusive Authorization and Right to
Sell) that can entitle a broker to a commission even after the termination of the listing? - ANS
LO
Safety Clause
How many square feet are in 1 acre? - ANS 43.560
A month-to-month rental agreement is usually a: - ANS periodic tenancy.
YC
You are a landlord who discovers that one of your tenants is having new carpet installed in his
apartment without your consent. To protect yourself, you should file a(n): - ANS notice of
non-responsibility.
Which of the following is FALSE concerning a grant deed? - ANS It is signed only by the
D
grantee.
Which of the following is NOT a type of property lot? - ANS Curb lot.
U
The rate the borrower is actually paying (including interest, points, and loan fees) is called: -
ANS the effective interest rate.
ST
For all practical purposes, discrimination laws evolved from Title VIII of the Civil Rights Act of
1968, 13th Amendment to the U.S. Constitution, and the U.S. Supreme Court Case? - ANS
Jones v. Mayer
The closing date is: - ANS the date the documents are recorded.
The Real Estate Commissioner: - ANS enforces the Real Estate Law.
When an improvement is permanently attached to real property it becomes: - ANS real
property.
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