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California Real Estate Exam Practice Questions And Answers With Verified Solutions Already Passed !!! $11.99   Add to cart
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California Real Estate Exam Practice Questions And Answers With Verified Solutions Already Passed !!!
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  • California Real Estate
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  • California Real Estate

California Real Estate Exam Practice Questions And Answers With Verified Solutions Already Passed !!!

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Document information

  • October 9, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • california real estate exam practice questions and
  • a man named troy lives in california but owns pro
  • after smoking this is the second leading cause of
  • which of the following best describes the term em

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  • California Real Estate
  • California Real Estate

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California Real Estate Exam Practice
Questions And Answers With Verified
Solutions Already Passed !!!
A man named Troy lives in California, but owns property across the U.S. He owns
property in cities like Pittsburgh, Philadelphia, and D.C. Troy decides he wants to
sell his property in D.C. Instead of traveling all the way to D.C. to complete all the
paperwork, he calls up his buddy Tony. Troy authorizes Tony, who lives in D.C.,
to sell his property for him. Troy gives Tony a/an... - ANSWER✔✔Power of
Attorney.

After smoking, this is the second leading cause of lung cancer in the United States.
A naturally occurring gas that forms in rocks, soil, and water. -
ANSWER✔✔Radon.

Which of the following best describes the term "emblements"? -
ANSWER✔✔Annual crops produced by cultivation legally belonging to the
tenant.

Unlike apartments, which are leased by their tenants, condominium units are
owned outright. A condominium is often shortened to... - ANSWER✔✔condos.

If a buyer refuses to go ahead with a purchase of property which he has signed a
contract, what usually happens to the earnest money? - ANSWER✔✔it is kept by
the seller.

Because this is considered a forfeiture of the contract. The only way a buyer can
back out and get their earnest money back is if something happens with the
inspection, appraisal, or they have a contract clause offering that protection.

What is the outcome when a purchaser signs a purchase agreement and gives the
seller's broker a large check? - ANSWER✔✔This transaction is considered an
offer.

There are three main forms of depreciation, what are they? -
ANSWER✔✔Economic Obsolescence, Functional Obsolescence, and Physical
Deterioration.

, The California Bureau of Real Estate (CalBRE) conducts its business in order to...
- ANSWER✔✔protect the public interest.

The California Real Estate Commission administers and enforces the laws of the
state relating to real estate activities.

Acting for more than one party in a transaction... - ANSWER✔✔is within the law.

Which of the following is not required of a licensee under the current agency
disclosure law? - ANSWER✔✔Representation.

An agency relationship is created by all of the following except... -
ANSWER✔✔specific performance.

Michelle, a real estate broker, sold a condo that was listed by a broker from another
company. What is her relationship to the listing broker? - ANSWER✔✔Selling
broker

Ms. Seller had been showing homes to a young, newly married couple for quite
some time and finally found one which they wanted to buy. But even with the best
loan available, they did not have enough cash for the down payment. They felt that
they could raise the additional money they needed by borrowing against their
automobile and other sundry personal property. Under these circumstances, the
broker should... - ANSWER✔✔tell them it is their decision to make, but point out
the pitfalls of this kind of financing.

The relationship of loyalty and trust that exists between a principal and agent most
nearly resembles the relationship between... - ANSWER✔✔trustee and
beneficiary.

If a broker dies after he or she has taken a listing, what happens to the agency
relationship it created? - ANSWER✔✔The agency immediately terminates.

When acting as a listing agent, a real estate broker is liable to third parties for.... -
ANSWER✔✔his or her own torts.

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