Tutornerissa

California Real Estate- Course 1 Exam Preparation Questions and Answers . What does a seller's market mean? - Correct Answer-Demand exceeds housing supply; sellers have negotiating advantage; prices typically rise What is a buyer's market? - Correct Answer-Housing supply exceeds demand; buyers have negotiating advantage; prices typically fall What is meant by a balanced market? - Correct Answer-Supply and demand are roughly equal; prices are stable Name 6 career choices in real...

Chapter 1 Real Estate State Exam Prep Practice Questions with Exact Answers. DRE - Correct Answer-A government entity which oversees, regulates, administers and enforces California real estate law as practiced by licensees. The first component of real estate is land, which includes: - Correct Answer-Soil, Rocks, and reasonable airspace above earth The northeast 1/4 of a section contains: - Correct Answer-640 acres in a section. Divide this by four to find the area of a quarter section...

Real Estate Prep for State Exam – California- Revision Questions with Correct Answers 2024. All of the following about an estate for years is true, except: a) It automatically terminates when the lease term expires, no notice is required from either party b) It must have a term lasting at least a year c) It must have a fixed term. d) It can only be established by express agreement. - Correct Answer-b: It must have a term lasting at least a year An estate for years — aka, a term...

Elaborate California Real Estate Exam Practice Questions with Accurate Answers 2024. Which of the following best describes the economic characteristics of land? A) Demand, Utility, Scarcity, Transferability, Situs B) Scarcity, Situs, Immobility, Utility, Demand C) Situs, Transferability, Demand, Immobility D) Indestructibility, Demand, Non-Homogenous, Situs - Correct Answer-Correct Answer: A) Demand, Utility, Scarcity, Transferability, Situs (How to remember: DUSTS) An easement...

CA DRE EXAM Prep (Chapter 4: Financing) Questions with Exact Answers 2024. A second trust deed can be distinguished from a first trust deed by - Correct Answer-the time and date of recording Which of the following is true regarding promissory notes? - Correct Answer-They are the evidence of the debt Hypothecate means - Correct Answer-to give a thing as security without giving possession Who generally benefit the most by a subordination clause in a trust deed? - Correct Answer-The t...

CA Real Estate Exam Prep: Comprehensive Practice Exam Test Questions with Accurate Answers. Which document is used to give a buyer an overview of the title history and information about what is or isn't covered in an insurance policy? - Correct Answer-Preliminary report Buyer Maria and seller Doug are closing on June 1. Maria's mortgage loan is $927.86, and $871.86 will go to interest in the first month. Maria will h...

CA Real Estate State Exam Crash Course-Questions with 100% Correct Answers. . How are ownership rights and interest in real property established by way of a court proceeding? A - cloud on title B - equitable use C- quiet title action D - quitclaim - Correct Answer-C - quiet title action Answer Feedback: A quiet title action is proceeding to establish an individual's right to ownership of real property against one or ...

Real Estate California Exam - Practice Questions with Accurate Answers. Which entity has the responsibility for determining property values for real property tax purposes? A. Board of Supervisors B. Board of Equalization C. Assessor's office D. Tax commissioner - Correct Answer-C. Assessor's office Explanation: The primary function of the county assessor is to establish an assessment roll each year that reflects the assessed value of real property within the county. Next Questio...

Detailed California Broker Real Estate Exam Questions with Correct Answers-Graded A. Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing ...

California Real Estate Principles - Questions and Answers Respectively. (1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code - Ans-Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature - Ans-governor (1) 3. Salesperson Sam owns 25% of the outstanding shares of R...