Ca real estate license Study guides, Class notes & Summaries

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

CA Real Estate License Mock Exam Rated A+ A contract created under duress is: voidable Of the following, which is most correct concerning the Statute of Frauds? It classifies most oral real estate contracts as unenforceable. When a seller sells his home "as is," which of the following is true? The seller must still give the buyer a real estate transfer disclosure statement. Which of the following would be the most favorable lease for an owner of an improved business property located in...

Which statement concerning broker's price opinions (BPOs) is TRUE? A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. B) A broker's license is required to conduct a BPO. C) A BPO is also referred to as an appraisal of real property. D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - Answer-A Which document would contain information regarding the architectural design standards that must...

a competitive market analysis is __________________ the equivalent of an appraisal - Never A candy maker has a 5- year lease and installs a marble counter to roll candy on. When the lease is up, the candy maker may - Remove the counter because it is a trade fixture A license can be suspended or revoked for.... - Representing more than one party in a transaction, with the consent of only one of the parties A buydown means the - lender charged extra points to lower the interest rate A buyer ...

a running stream is considered - ANSWER-real property water found on the land in watercourses, such as natural springs, streams, or rivers and in bodies of water, such as ponds or lakes is called - ANSWER-surface water What is riparian rights - ANSWER--riparian property owners have reasonable use of the follow water - the owner of property bordering a stream or river has riparian rights -the owner of adjacent land may not lawfully divert all available waterand thereby deprive a riparian ...

Legal Aspects of Real Estate CA (2023/2024) Rated A+ Under (blank), legal disputes were settled on a case-by-case basis before a judge. english common law Under (blank), legal disputes were settled by pre-established statutes Spanish civil law The Federal and state governments are divided into these three branches Executive, legislative, judicial (blank) is the power of the state or local government to protect the public wellbeing police power (blank) is the power of the state or local gover...

CA Real Estate License Mock Exam; Questions & Answers Latest Update 100% Solved A contract created under duress is: voidable Of the following, which is most correct concerning the Statute of Frauds? It classifies most oral real estate contracts as unenforceable. When a seller sells his home "as is," which of the following is true? The seller must still give the buyer a real estate transfer disclosure statement. Which of the following would be the most favorable lease for an owner o...