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CA/ CALIFORNIA REAL ESTATE SALESPERSON EXAM NEWEST ACTUAL EXAM (2 VESIONS) WITH COMPLETE QUESTIONS AND DETAILED ANSWERS GRADED A | 100% VERIFIED$22.99
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CA/ CALIFORNIA REAL ESTATE
SALESPERSON EXAM NEWEST ACTUAL
EXAM (2 VESIONS) WITH COMPLETE
QUESTIONS AND DETAILED ANSWERS
GRADED A | 100% VERIFIED
VERION A
When the Environmental Review Board or the Department of
Real Estate issues a "negative declaration," it means that the
subdivision: - ✔✔✔ Correct Answer > Will have an INsignificant
effect upon the environment and the developer will not have to
pay for a full environmental report
When a legal description begins with the phrase, "Beginning at
a point on the northerly edge of O Street 100 feet east of the
NE corner of the intersection of O and Seventh Street, "Which
of the following methods of land description is being used: -
✔✔✔ Correct Answer > Metes and Bounds
,When an agent is accused of "Puffing," the agent might have
been guilty of which of the following: - ✔✔✔ Correct Answer >
Exaggerating the features of the property and/or neighborhood
when showing the property to prospective
Of the following, which best characterizes the term "single
agency": - ✔✔✔ Correct Answer > The agent represents one
client in dealing with a 3rd person
Mr. Brown hired an agent to purchase a home. The offer has a
contingency, the offer was contingent upon the sale of Brown's
home. The offer made a counter offer accepting the Browns
offer with the right to continue marketing the home for better
offers and granting to Brown a right of first refusal to remove
his contingency if a better offer came in. The Browns accepted
the offer and immediately listed their home for sale. Shortly
thereafter the seller notified Brown that a better offer has been
presented without any contingencies. What should the agent
advise Brown to do: - ✔✔✔ Correct Answer > Advise Brown of
the advantages and disadvantages of removing the
contingencies and buying the home before the sale of their
existing home
Under the Business and Professions Code the broker is required
to keep a copy of a Deposit receipt for a minimum of 3 years
,from: - ✔✔✔ Correct Answer > the date of CLOSING of the
transaction
A real estate broker was charging 1/8 percentage interest rate
higher to borrowers that English wasn't their first language.
This action by the broker is: - ✔✔✔ Correct Answer > A
violation of the Housing Finance Discrimination Act of 1977
If a tenant enters into a 2 year lease if the lease contains no
clause of assignment of subleasing. The tenant: - ✔✔✔ Correct
Answer > May sublease to another tenant
A tenant of an apartment complex was working on heating
ducts. The tenant sees the ducts contain asbestos insulation.
Does the tenant have a legal obligation to warn anyone he
should: - ✔✔✔ Correct Answer > The tenant has NO legal
obligation to warn people
All of the following statements about covenants and conditions
are FALSE, EXCEPT: - ✔✔✔ Correct Answer > A. *** A violation
of a Condition can result in the loss of title** (True)
B. The violation of the covenant results in the loss of title
(FALSE )
, C. Covenants and conditions must be for the benefit of the
general public (FALSE )
D. All covenants and conditions are for benefit of the public in
general (FALSE)
Which of the following is true regarding the depreciation of
land under federal income tax law: - ✔✔✔ Correct Answer >
Land cannot be depreciated
The term Estoppel best describes: - ✔✔✔ Correct Answer >
Tenants rights and landlord responsibilities
An appraiser using the replacement cost method may use the
unit cost per square foot or cost per cubic foot in the
computations. On a unit cost comparison basis: - ✔✔✔ Correct
Answer > A small house would cost more per unit than a large
house
Two buildings are leased on a long term basis, one for a post
office and the other for a hardware store. Using the
capitalization approach to appraise the properties, the post
office would demand: - ✔✔✔ Correct Answer > A lower
capitalization rate
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