Exam (elaborations)
Colibri Real Estate Principles Final Exam
- Course
- Real estate
- Institution
- Colorado College
Colibri Real Estate Principles Final Exam
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Colibri Real Estate Principles Final Exam1. Anything that is fastened or attached to real property
permanently is con- sidered to be:: Real Property
2. A quitclaim deed releases all present claims, rights and title
of the:: Grantor
3. When a creditor wants to satisfy a judgement which was
levied against another person, the creditor would:: Obtain a
writ of execution
4. Before a mechanics lien is effective it must be:: Verified and
recorded
5. Discrimination by a real estate licensee based on race is::
A violation of the regulations of the Real Estate Commissioner,
against public policy, and unethical
6. Upon the signing of a real property sales contract:: An
equitable title passes to purchaser
7. All California Real Estate Laws are created by:: Acts of the
legislature
8. The 36 sections in a township are numbered from 1 through
36. Section 1 is located in the:: Northeast corner
9. Which of the following would be a discriminatory act under
the Commis- sioner's Regulations?: Posting a sign on the
property indicating a preference for female renters, designing an
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,ad for general circulation appealing to persons of a specific
religion to purchase within a given area, and refusing to list a
property in an area occupied by persons of a race other than the
licensee.
10. The type of interest usually charged on home loans is::
Simple
11. A landowner is notified by a railroad company that it
plans to cross his property with a railroad line. If the
landowner refuses, the railroad company can proceed by the
use of:: Eminent domain
12. Title to real property that is transferred by a will is
considered:: A devise
13. A real estate broker received 40 acres of land valued at
$300 per acre as
a commission from the seller. Two weeks after escrow closed,
the broker was offered $400 per acre for the land. If the
broker accepts the offer he:: Will be acting in an acceptable
manner
14. The words "procuring cause" would have an important
meaning to which of the following?: A disputed over
commission on an open listing
15. Which of the following is not an essential element of a
contract?: Perfor- mance
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, 16. Under the Street Improvement Act of 1911, the city is
authorized to assess each owner for the work
completed.These improvements are assessed on the basis of::
Front footage
17. The real estate tax fiscal year is for the period:: July 1 to
July 1
18. The landmark case of the United States Supreme Court
which prohibited discrimination in housing was:: Jones vs.
Mayer
19. Most real estate syndicates that have been created in
California have taken the form of a:: Limited partnership
20. Under the California Veterans Home and Farm Purchase
Act of 1974, the purchaser acquired possession through a::
Land Contract
21. Which of the following has the control over the approval
of a subdivision under the Subdivision Map Act?: Planning
Commission
22. A grant deed:: Warrants that the property has not been
previously conveyed by the grantor
23. When an appraiser analyzes the rent while using the
income approach, he should base his appraisal on which of
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