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California Real Estate Principles Chapters 1-5 Practice Exam Questions And Answers With Verified Solutions 100% Correct!!! $13.99   Add to cart
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California Real Estate Principles Chapters 1-5 Practice Exam Questions And Answers With Verified Solutions 100% Correct!!!
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  • California Real Estate

California Real Estate Principles Chapters 1-5 Practice Exam Questions And Answers With Verified Solutions 100% Correct!!!

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Document information

  • October 8, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • california real estate principles chapters 1 5 pra
  • after purchasing a home the new owner applies for
  • after the close of the sale the seller of a home
  • how do trade fixtures differ from regular fixtures

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  • California Real Estate
  • California Real Estate

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California Real Estate Principles
Chapters 1-5 Practice Exam Questions
And Answers With Verified Solutions
100% Correct!!!
After purchasing a home, the new owner applies for a building permit to add
another bedroom and bath. The city building department requires a $1,000
application fee and refuses to issue the permit until acceptable plans are submitted
showing that the project meets all construction codes. How does this building
department requirement conflict with the basic bundle of rights? -
ANSWER✔✔Requiring an applications fee and a set of approved plans infringes
on the right to use and the right to enjoy by placing a cost on the homeowner. On
the other hand, requiring that the new addition meets housing codes ensures that
the existing and subsequent owner will have a safer home. As mentioned in the
textbook, the bundle of rights is not absolute or unlimited; these right are subject to
the actions of the government, which in turn is accountable to the people via the
election process.


After the close of the sale, the seller of a home removes a 8" x 10" metal prefab
storage shed from the property. The buyer states that the shed is real property and
should stay on the property as part of the sale . Who is right? How could this have
been avoided? - ANSWER✔✔In the absence of an agreement to the contrary, all
items of personal property can usually be removed by the seller. If the facts of the
case show that the prefab storage shed merely rested on the ground, it is probably
personal property. If it was bolted down on a cement slab or attached to a
foundation, it probably is real property and should stay with the land. If the issue is
too close to call, the courts tend to favor the buyer. This entire issue could have
been avoided if the parties had mentioned the outcome of the shed in the purchase
contract.


How do trade fixtures differ from regular fixtures? - ANSWER✔✔Trade fixtures
are added by tenants as items needed to run a business, while regular fixtures are
added by tenants for personal use. The presumption is that business tenants are

,automatically allowed to remove trade fixtures when they leave. Personal fixtures
carry no automatic removal presumption whether regular fixtures can or cannot be
removed depends on individuals circumstances. In both cases, any legal removal
may cause. Once again, any conflict can be avoided by discussing the issue in the
rental contract.


Which group of explorers and colonizers set up presidios and pueblos in the early
days of California? - ANSWER✔✔Spanish


Which of the following is not considered to be the bundle of rights? The right to -
ANSWER✔✔Pay taxes


Which of the following is considered LAND and, therefore, is real estate? -
ANSWER✔✔Reasonable airspace above the land


The right of the owner of land bordering on a river to use the river water in a
reasonable manner is called? - ANSWER✔✔Riparian rights


Wall to wall carpeting in a single-family dwelling is usually considered to be -
ANSWER✔✔A fixture


Which of the following is considered appurtenant to the land and upon sale or
other transfer stays with the land and is not taken by the former owner? -
ANSWER✔✔Stock in a mutual water company and an easement


All other things being equal, in a dispute between buyer and a seller over a fixture,
the courts tend to favor - ANSWER✔✔The buyer

, In what year was California granted statehood? - ANSWER✔✔1850


The main feature of personal property is - ANSWER✔✔its mobility


Which two terms do not belong together? - ANSWER✔✔Personal property-
easement


An orange tree in a suburban backyard is real property. An orange on the ground
that has fallen off the tree is - ANSWER✔✔personal property


Unless otherwise noted, mineral rights - ANSWER✔✔Transfers with the land


Mortgages and deeds of trust are - ANSWER✔✔Personal property


The right of the state to give permission to a nonriparian owner to take water from
a river or lake is called a - ANSWER✔✔right of appropriation


Which mineral is not considered capable of absolute or exclusive ownership until
reduced to possession? - ANSWER✔✔Oil


The words CHATTEL and CHOSE stand for - ANSWER✔✔Personal property


Which of the following is not considered a test of fixture? - ANSWER✔✔Method
of financing

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