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PPP 11: CA Real Estate Broker Exam Prep Questions And Answers With Verified Solutions Already Passed!!! $12.99   Add to cart
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PPP 11: CA Real Estate Broker Exam Prep Questions And Answers With Verified Solutions Already Passed!!!
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PPP 11: CA Real Estate Broker Exam Prep Questions And Answers With Verified Solutions Already Passed!!!

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  • October 9, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ppp 11 ca real estate broker exam prep questions
  • on january 10 2005 a buyer makes an offer to the
  • novation is most closely related to
  • which of the following is described as the process

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  • CAlifornia Real Estate
  • CAlifornia Real Estate

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PPP 11: CA Real Estate Broker Exam
Prep Questions And Answers With
Verified Solutions Already Passed!!!
On January 10, 2005, a buyer makes an offer to the seller's agent and gives the
agent a check. In doing so, he instructs the agent to hold the check until January
30. Under these circumstances, the agent: - ANSWER✔✔Must accept the check as
an agent of the buyer, hold it uncashed until January 30 and inform the seller
accordingly


Novation is most closely related to: - ANSWER✔✔Substitution of a new contract
for an old one.


(Novation is a legal term to describe replacing an old contract with a new contract.
Novation is new for old)


Which of the following is described as the process of expressing anticipated future
benefits of ownership in dollars and discounting them to a present worth at a rate
which is attracting purchase capital to similar investments: -
ANSWER✔✔Capitalization


Mr. Chan was interested in purchasing 300 acres of land, which he intended to
subdivide and build homes on the lots. He did not, however, have the $1,000,000
asking price so he asked his friend Mr. Wu to purchase the land as soon as the
escrow closed, Mr. Wu sold the 300 acres to Mr. Chan for $1,500,000 using a land
contract of sale. Under these circumstances, this double transaction would be
considered: - ANSWER✔✔A valid purchase and resale


State and county law require documentary transfer tax be paid at the time a deed to
transfer ownership is recorded, except: - ANSWER✔✔When the value of the

,property being transferred, excluding any lien or encumbrance remaining thereon
at the time of the sale, does not exceed $100


To alienate title to real property, one would: - ANSWER✔✔Convey the title


A primary purpose of RESPA is to: - ANSWER✔✔Require that disclosures be
made by lenders that make loans on one to four unit dwellings


Edward Sampson and Jerome P. Dickson, single men, wish to take title to real
property so that each will own a onehalf interest with right of survivorship. The
granting clause should read: - ANSWER✔✔Edward Sampson, a single man, and
Jerome P. Dickson, a single man, as joint tenants.


All of the following are necessary elements of a contract, except: -
ANSWER✔✔Performance


If five people own property as joint tenants: - ANSWER✔✔There is still only one
title to the whole property


Which of the following is most vital or important in planning a subdivision: -
ANSWER✔✔Market Analysis


When owners of real property hold title as tenants in common: -
ANSWER✔✔Each of the co-owners interest may be conveyed separately


When the local jurisdiction changes the allowable use of a property from
commercial to residential, the term that most accurately describes it is: -
ANSWER✔✔Down Zoning

, Which of the following determines the annual residential tax obligation? -
ANSWER✔✔County Assessor's Office


Which of the following represents a gross misrepresentation by an agent? -
ANSWER✔✔All of the answer are true...


• The representation is an obvious falsehood.
• The representation is made with the knowledge of falsehood.
• The representation caused the aggrieved party to enter into the contract.


The Court order to sell property to satisfy a judgment is: - ANSWER✔✔A Writ of
Execution


Recorded title to a parcel of real property was vested in Mary Wilson, a single
woman. After her marriage to John Roberts, she executed a deed to the property
only in the name of Mary Roberts, a married woman. The discrepancy in the
grantors name is: - ANSWER✔✔A defect which may cause a cloud on the title


Theft as it relates to real property, includes all of the following except: -
ANSWER✔✔Signing anothers name without authorization


The supports between the floor and ceiling are: - ANSWER✔✔Studs


The following is real property: - ANSWER✔✔Planted Trees

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