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California Real Estate Exam 1 Questions And Answers With Verified Solutions 100% Correct!!!
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California Real Estate Exam 1 Questions And Answers With Verified Solutions 100% Correct!!!
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California Real Estate Exam 1 QuestionsAnd Answers With Verified Solutions
100% Correct!!!
A bearing wall:
(a) generally has stronger supportive members.
(b) can be built at any angle to the door.
(c) is usually left alone during remodeling.
(d) All of the above - ANSWER✔✔D
A bearing wall is a main or supporting wall referred to as a load-bearing wall,
usually supporting a roof above. It usually is of stronger construction than other
members and is usually left alone when remodeling. It is possible for a bearing
wall to be built in a variety of angles to a door.
What is the length of measurement referred to as a "chain?"
(a) 5,280 feet
(b) 66 feet
(c) 16.5 feet
(d) 9 yards - ANSWER✔✔B
The total length of a surveyor's chain is 66 feet.
A deed would contain all of the following EXCEPT:
(a) a description of the property.
(b) a date.
(c) the signature of the grantee.
,(d) a granting clause. - ANSWER✔✔C
A valid grant deed requires the signature of the grantor, not the grantee.
When a broker keeps records electronically, the program he would use for record
retrieval is:
(a) RAM
(b) SCORE
(c) WORM
(d) DOS - ANSWER✔✔C
WORM means "write once read many." This indicates that the record cannot be
changed once it is entered.
Which of the following must comply with the Subdivision Map Act?
(a) noncontiguous units.
(b) parcels of 160 acres or more.
(c) leasing commercial office spaces.
(d) None of the above - ANSWER✔✔B
Parcels of 160-acres or more are exempt from the Subdivisions Lands Law.
Which of the following best describes a down payment?
(a) prepayment
(b) front money
(c) deposit
,(d) security - ANSWER✔✔C
Down payment (or downpayment, also called a deposit), is an initial up-front
partial payment for the purchase of a house. It is usually paid in cash or equivalent
at the time of finalizing the transaction. A loan of some sort is then required to
finance the remainder of the payment.
A veteran may purchase a home under Cal Vet by a:
(a) contract of sale.
(b) trust deed.
(c) mortgage.
(d) Any of the above - ANSWER✔✔A
The property the veteran wishes to buy is purchased by the Department of
Veteran's Affairs and in turn re-sold to the veteran on a Land Contract of Sale.
In which of the following ways is fraud different from misrepresentation?
(a) A misrepresentation is a deliberate attempt to deceive while fraud is not.
(b) Fraud is a deliberate attempt to deceive while a misrepresentation is not.
(c) There is no difference between fraud and misrepresentation.
(d) A misrepresentation cannot result in discipline, and fraud will always involve
discipline. - ANSWER✔✔B
Fraud involves a deliberate attempt to deceive, misrepresentation does not. A
licensee may be disciplined for either fraud or misrepresentation.
, Which of the following would be treated as a credit on the seller's closing
statement?
(a) prepaid insurance
(b) prepaid rents of tenants
(c) both (a) and (b)
(d) neither (a) nor (b) - ANSWER✔✔A
Since this is prepaid insurance, it would be a credit on the seller's closing
statement.
An appraiser is appraising a property which is next door to an abandoned gas
station. The appraiser should recommend a:
(a) soil engineering study.
(b) toxic waste study.
(c) seismic study
(d) All of the above - ANSWER✔✔B
There is a possibility that the old underground fuel storage tanks used by the gas
station were left in the ground and may be leaking. A toxic waste study would
require a soil analysis to determine if the tanks have leaked. A soil engineering
study is used to test the soil's ability to support a structure. (See Toxic Substance
Control Act)
The basic valuation principle underlying the market approach is:
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