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California Real Estate Exam 2024 Latest Update Actual Exam with 100 Questions and 100% Verified Correct Answers Guaranteed A+ Approved by the Professor$20.49
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California Real Estate Exam 2024 Latest Update Actual Exam with 100 Questions and 100% Verified Correct Answers Guaranteed A+ Approved by the Professor
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Course
California Real Estate
Institution
California Real Estate
California Real Estate Exam 2024 Latest Update Actual Exam with 100 Questions and 100% Verified Correct Answers Guaranteed A+ Approved by the Professor
California Real Estate Exam 2024 Latest Update
2024-2025 Actual Exam with 100 Questions and
100% Verified Correct Answers Guaranteed A+
Approved by the Professor
A contract between two parties both giving a promise for a promises called a -
CORRECT ANSWER: Bilateral contract
A contract that does not have all of the necessary elements of a contract is - CORRECT
ANSWER: void
A fence that extends onto the land of another from a neighboring property is called an: -
CORRECT ANSWER: Encroachment
A fiduciary who holds or controls property for the benefit of another is called a(n): -
CORRECT ANSWER: trustee
A hispanic man called a landlord regarding a home for rent online. The landlord tells him
the property is already rented. His white friend then called the landlord to inquire about
the property and he arranged an appointment to show him the home. This is
discrimination based on - CORRECT ANSWER: race
A listing agreement in writing creates which form of agency? - CORRECT ANSWER:
Express Agency
The agency relationship is expressed in writing
A new roof costs $7,500 and the economic life of the roof is 30 years. Using the straight
line depreciation method, what would the value of the roof be after 5 years? -
CORRECT ANSWER: $6,250
, 7500/30 years = $250
$250 * 5 years = $1,250 total depreciation
$7,500 - $1,250 = $6,250
A property management contract should include all of the following except - CORRECT
ANSWER: Signature of the tenant
The property management agreement is an employment contract between the property
owner and the agent licensee. A tenant will sign a lease, but not the property
management agreement.
A title search revealed a lien on a property which creates a cloud on the title. How may
the landowner go about resolving this title issue? - CORRECT ANSWER: Paying the
debt and filing a stratification of judgment
A valid contract must contain valuable consideration, which which means - CORRECT
ANSWER: Something clearly offered for something else in exchange
After the offer and acceptance, when the terms of a contract are in the process of being
completed and prior to closing, the contract said to be - CORRECT ANSWER:
Executory
Agent Amanda just closed on a home that sold for $525,000. Her commission rate was
5% with a 50/50 co-broker with the selling broker, and a 60% split with her broker. How
much did Amanda receive? - CORRECT ANSWER: $7,875
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