Real Estate Principles Exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Real Estate Principles
Institution
Real Estate Principles
Which agency is charged with enforcing fair housing laws and holding all parties
accountable for compliance with these laws and regulations?
-:- Office of Fair Housing and Equal Opportunity
The cost of a parcel of land is 50 cents per square foot. Candace wants to purchase one
acre. How much...
Real Estate Principles Exam Questions &
100% Correct Answers- Latest Test | Graded
A+ | Passed
Which agency is charged with enforcing fair housing laws and holding all parties
accountable for compliance with these laws and regulations?
✓ -:- Office of Fair Housing and Equal Opportunity
The cost of a parcel of land is 50 cents per square foot. Candace wants to purchase one
acre. How much will this cost?
✓ -:- $21,780
The power of ______ was commonly used by community redevelopment agencies (CRAs)
to acquire blighted properties.
✓ -:- Eminent domain
All lenders have different underwriting standards, but traditionally, the housing debt-to-
income ratio has been ______%, with a total debt-to-income ratio of ______ %.
You're working with a client, Donny, who's found his dream home in the neighborhood
where he grew up. Unfortunately, the title search finds some issues and the title company
refuses to issue a policy. Donny still wants to go forward with the purchase, and since he's
paying cash, he doesn't have to worry about obstacles from a lender. In California, what is
one thing that has to happen in this situation?
✓ -:- Donny must receive written notice that no title insurance will be provided.
Sam and Bridget are cousins who jointly own property. They are both named on the deed,
they received title at the same time, they have the right of survivorship, and they each have
equal interest and undivided rights of possession. What type of ownership do they have?
✓ -:- Joint tenancy
What must a developer selling lots to a subdivision in another state do in addition to
registering the project with the BRE?
✓ -:- They must have a disclaimer that the property has not been examined the BRE on
all marketing and sales materials.
Jerry's client Carla has successfully closed on the purchase of a home. The deed shows she's
taken sole ownership of the property. Which of these actions is necessary before the
escrow agent can have the deed recorded?
4|Page | Grade A+| 2024/2025
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