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CA REAL ESTATE EXAM- 2024/2025 WITH 100% ACCURATE SOLUTIONS
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CA REAL ESTATE EXAM- 2024/2025 WITH 100% ACCURATE SOLUTIONS
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CA REAL ESTATE EXAM- 2024/2025 WITH 100%ACCURATE SOLUTIONS
Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the
property. In terms of affecting title this action could: - Precise Answer ✔✔Place the beneficiary in a
precarious position should the borrower die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and ended by the following: - Precise Answer
✔✔A foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party.
One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a
mortgage loan. The mortgage that he will obtain will probably be? - Precise Answer ✔✔A blanket
mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: -
Precise Answer ✔✔Mortgages his or her share
Avulsion - Precise Answer ✔✔Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - Precise Answer ✔✔Today's cost and
today's reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - Precise Answer ✔✔Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - Precise Answer ✔✔cancel the transaction.
Not funtional obsolescense - - Precise Answer ✔✔Proximity of nuisances
Intestate means: - Precise Answer ✔✔Someone that left no will
,A principle may request an accounting from the real estate agent of his funds : - Precise Answer ✔✔At
any time
The seller's responsibility is to transfer the property: - Precise Answer ✔✔Free and clear
When compare to real estate, stocks and bonds are: - Precise Answer ✔✔More liquid
Which of the following are liens? - Precise Answer ✔✔Incometax
Judgements
Attachment
subagents: - Precise Answer ✔✔They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - Precise Answer ✔✔a license is required to answer questions
Who must disclose Mello - Precise Answer ✔✔Seller (OWNER)
if the electrical was intalled by the son-in-law of the seller,
and not to code and the buyer moves in, and after, the
property catches on fire : - Precise Answer ✔✔the real estate agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that something was not
properly disclose by Miles and Olsten, this is called: - Precise Answer ✔✔Fraud
Logan sold a home to Hughes, if Hughes backs out: - Precise Answer ✔✔Logan can sue for a specific
performance
A buyer pays for which of the following? - Precise Answer ✔✔Escrow, Title, Insurance
,The granting of doing business or to sell a product under a name with restrictions from the grantor is
called: - Precise Answer ✔✔Franchise
Agents may get sued for: - Precise Answer ✔✔Any Wrong doing
A person who is delegated in an intrument to legally do something for another person in his stead is called
- Precise Answer ✔✔Attorney in fact
The terms of exclusive right to sell listing are - Precise Answer ✔✔The exact requirements of the sellers
instructions
An advertisement to lease properties only to married couple is - Precise Answer ✔✔Illegal
The offers must be presented: - Precise Answer ✔✔even if they are oral and in writing
Intangible personal property: - Precise Answer ✔✔is not taxible
The real estate commissioner" - Precise Answer ✔✔Promulgates the real estate law
Unemployment: - Precise Answer ✔✔Does not affect the interest rates directly
Payment of Money - Precise Answer ✔✔is not necessary for a valid contract
To hire self employed agents is an advantage: - Precise Answer ✔✔Is an advantage because the broker
doesnt collect social security
Balloon payment means: - Precise Answer ✔✔all balances due at once
If the A.P.R. is disclose: - Precise Answer ✔✔No additional disclosures are required
An easement can be canceled by signing a: - Precise Answer ✔✔Quitclaim deed
, For income tax purposes improvements are - Precise Answer ✔✔Added to the basis of the property.
For income tax purposes improvements are - Precise Answer ✔✔Added to the basis of the property
Information concealment by an agent is - Precise Answer ✔✔Misrepresentation
A strip lines of stores are: - Precise Answer ✔✔Shopping centers
In a counter offer: - Precise Answer ✔✔the buy may reject to perform or to cancel
The agency is terminated - Precise Answer ✔✔if the property is destroyed by fire
Outmoded design is: - Precise Answer ✔✔Function absolescene
In a purchase money trust deed" - Precise Answer ✔✔A loan disclosure is required
A lender may evict a borrower within - Precise Answer ✔✔3 months
A mispelled name in a deed: - Precise Answer ✔✔May be corrected with a quitclaim deed
A standard policy of title insurance doesnt cover - Precise Answer ✔✔property lines
oral commission - Precise Answer ✔✔are legal if the seller selects to do so
Conflicts with the LA county codes and the uniform codes - Precise Answer ✔✔the one with the highest
standards of safety will apply
An offer presented with a $1000 note - Precise Answer ✔✔Communicate to the seller the type of deposit
before acceptance
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