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California Real Estate License Exam Prep: Simulated Exam 3 Questions And Answers With Verified Solutions 100% Correct!!! $13.99   Add to cart
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California Real Estate License Exam Prep: Simulated Exam 3 Questions And Answers With Verified Solutions 100% Correct!!!
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  • California Real Estate
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  • California Real Estate

California Real Estate License Exam Prep: Simulated Exam 3 Questions And Answers With Verified Solutions 100% Correct!!!

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Document information

  • October 9, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • the agency law dis
  • california real estate license exam prep simulate
  • an belongs to and benefits an adjacent
  • an is a voluntary conveyance of the rig
  • which of the following does not create an agency r

Written for

  • California Real Estate
  • California Real Estate

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California Real Estate License Exam
Prep: Simulated Exam 3 Questions And
Answers With Verified Solutions 100%
Correct!!!
A(n) _________ belongs to and benefits an adjacent property and is said to run
with the land as an interest the adjacent property holds in the burdened real estate -
ANSWER✔✔appurtenant easement

A(n) ________ is a voluntary conveyance of the right to keep land in its natural or
historic condition - ANSWER✔✔conservation easement

Which of the following does not create an agency relationship? Implication,
Ratification, Express agreement or Coercion? - ANSWER✔✔coercion

The agency law disclosure form is mandated to be presented to all parties when
listing, selling, buying or entering into a long-term lease for property containing: -
ANSWER✔✔land with a mobile home

An agency relationship is not created by: - ANSWER✔✔subordination

When a seller's agent takes a listing which does not authorize the listing broker to
accept a deposit from a buyer, the broker is to advise their agent that: -
ANSWER✔✔a deposit will be accepted and retained by the broker from the buyer,
but only as an agent for the buyer

When a dual agency is established in a 1-4 unit residential sales transaction, the
broker and their agents may pass on information relating to the ______ from one
party to the other - ANSWER✔✔price of comparable homes in the neighborhood

When an opinion is coupled with advice expressing no further need for the buyer
to investigate and confirm the prediction, the opinion is elevated to the level of: -
ANSWER✔✔guarantee

The stability of a residential neighborhood is maintained by all of these, except: a
high home sale turnover rate and increasing population density: being located in
the pathway of growth; having many family households wit school age children;

, the conforming residents with similar occupations - ANSWER✔✔a high home sale
turnover rate and increasing population density

The cost of a capital improvement and its effect on market value are: -
ANSWER✔✔rarely the same

Which basic real estate economic principle is the best expression of how the value
of real estate is maximized? - ANSWER✔✔highest and best use

The method of appraisal which emphazizes the present worth of future benefits to
be received by the owner is: - ANSWER✔✔income approach

Consider an appraiser analyzing then site location of the subject property and 3
comparable properties. The first comparable property is superior to the subject.
The second comparable is superior to the first comparable but inferior to the third
comparable. If the differential were valued at 450,000 for each level of difference,
the adjustments would be: - ANSWER✔✔comp 1, -$50,000; comp 2, - $100,000;
comp 3, - $150,000

A listing broker needs to present all offers until: - ANSWER✔✔escrow is closed

A lease is certified as a(n): - ANSWER✔✔personal property income

quiet enjoyment is an example of a(n) ________ under a lease? -
ANSWER✔✔implied covenant

The license of an active salesperson working at a branch office is held at the: -
ANSWER✔✔broker's primary place of business

An owner of an investment firm has a securities dealer license, but not a real estate
broker license. The owner advertises and sells real estate for their clients. Since
these transactions require a real estate broker license, who will prosecute the owner
for violating the real estate law? - ANSWER✔✔the local district attorney

A seller sues their broker for making a false promise when they entered into an oral
listing agreement. What is the likely outcome? - ANSWER✔✔The agent is liable
for any damages as a result of the false promise regardless of the Statute of Frauds
since the agent breached their agency duty to the seller

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