Exam (elaborations)
CALIFORNIA REAL ESTATE SALESPERSON PRACTICE EXAM 1
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CALIFORNIA REAL ESTATE SALESPERSON PRACTICE EXAM 1
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CALIFORNIA REAL ESTATE SALESPERSONPRACTICE EXAM 1
Which of the following is considered real property?
A. motor homes and coaches
B. land
C. chattel real
D. mobile homes resting on their original wheels
Choice B
Land, appurtenances permanently affixed to the land, minerals in the ground, and the
air above the ground are all examples of real property.
Agent rates of commission on sales of real property are
A. set by the California Department of Real Estate.
B. a fixed six percent of the final sales price for residential properties.
C. negotiable between buyer and seller.
D. negotiable between the principal and agent.
Choice D
A commission rate earned for services resulting in a real estate sale are negotiated
between the selling agent and agent’s principal as part of the agency agreement.
Which is the usual method for commercial property valuation?
A. comparative analysis
B. capitalization rate
C. cost basis
D. property tax valuation
Choice B
Commercial, industrial, and non-owner-occupied residential properties are usually
valued as a function of the gross monthly rental income they can command in the
market place divided by the capital investment.
Which of the following does NOT warrant that the seller owns the property?
A. grant deed
B. quitclaim deed
,C. gift deed
D. land patent
Choice B
Quitclaim deeds carry no warranty that the seller owns the property.
The 1968 Fair Housing Act as amended EXEMPTS which of the following?
A. apartment buildings
B. duplex residential housing managed by a licensed real estate agent
C. rooms in owner-occupied residential units
D. residential homes in resort areas managed by licensed property managers
Choice C
Owner-occupied, residential housing is exempt from the 1968 Fair Housing Act as
amended. Examples include additional dwelling units (“ADU”), rental of rooms in an
owner-occupied residential property, and 1–4 residential housing units in which the
owner lives in one of the four units.
Real property is NOT characterized by which of the following?
A. land
B. that which is permanently attached to the land
C. that which is appurtenant to the land
D. that which is movable by law
Choice D
Any property characterized by mobility is defined as personal property, not real
property.
There are several methods to legally describe land in California for purposes of sale,
lease, or financing. Which of the following methods is NOT legal?
A. county assessor's parcel number
B. lots, blocks, and tracts
C. U.S. Government Survey
D. metes and bounds
Choice A
County accessor’s parcel numbers can and often are renumbered. Parcel numbers are
used for property tax assessment purposes only.
The U.S. Government Survey method uses which descriptors to identify property?
A. benchmark points
,B. tiers, ranges, and townships
C. property starting points
D. state line markers
Choice B
These criteria are part of the system established to identify all public lands by the use of
“base lines” and “meridian lines” from a specific starting point.
Public controls of real estate and its uses is a police power of the state derived from
which source?
A. the Articles of Confederation
B. the Declaration of Independence
C. local zoning ordinances
D. the U.S. Constitution
Choice D
The U.S. Constitution, 10th Amendment (Bill of Rights), states that the police powers
"not delegated to the United States” are thus granted to the individual states to establish
and enforce laws protecting the welfare, safety, and health of the public.
The exercise of littoral rights pertains to the use of
A. river water.
B. lake water.
C. recycled water.
D. moving water.
Choice B
Use of static water from a lake, bay, ocean, or sea is considered a littoral right.
---
Use of moving river water is a riparian water right.
Use of recycled water is considered neither a littoral nor a riparian water right
Moving water, such as a river, stream, or creek, is a riparian right.
The next section number located just south of Section 33 in T4N, R3E Humboldt Base
Line and Meridian is
A. 4.
B. 5.
C. 34.
D. impossible to ascertain from the information given.
, Choice A
Section 4 is located in the next township T3N, which is located directly south of T4N in
the same R3E Humboldt Base Line and Meridian.
---
Section 5 would touch the southwest corner of Section 33. Section 5 is not directly
south of Section 33.
Section 34 is located directly east of Section 33 in T4N, R3E Humboldt Base Line and
Meridian.
All 36 sections within all Townships are identical in the U.S. Government Survey
method of land description.
A monetary encumbrance on land is known as
A. an easement.
B. a promissory note.
C. an I.O.U.
D. a lien.
Choice D
A physical encumbrance is an easement. A monetary encumbrance is a lien.
A deed of trust filed at the county recorder's office is an example of which of the
following?
A. a tax burden
B. something that takes precedence over property taxes
C. a lien
D. something that is removable at the owner's desire
Choice C
A deed of trust is a monetary encumbrance or a lien on the property title.
The ownership "bundle of rights" includes
A. possession.
B. enjoyment.
C. exclusion.
D. all of the above.
Choice D
The “bundle of rights” includes possession, enjoyment, and exclusion—in addition to
other rights, including use and disposition.
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