Ca real estate law - Study guides, Class notes & Summaries

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

Legal Aspects Questions and Answers Already Graded A Property tax payments are due in two installments. On what two dates do these installments become delinquent, if not paid? December 10 and April 10 Which doctrine states that appellate court cases establish precedents, and judges deciding subsequent cases should follow those precedents? Stare decisis The listing agent must give a copy of the agency disclosure form to the seller: Before the seller signs the listing agreement A deed is recor...

CA Real Estate Exam- Practice Questions and Answers 100% Pass Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - Correct Answer ️️ -Place the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: - Correct Answer ️️ -A foreclosure by one of the joint tenants....

New York Real Estate Exam Official study guide with complete solutionsWhat agency issues real estate licenses? ️ NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? ️ 18 Do you need experience in the field to become a salesperson? ️ No What is the minimum age to become a real estate broker? ️ 20 Do you need experience in the field to become a broker? ️ Yes, 3500 points (35hrs weekly for 100 weeks) If your license is revoked, how long do you have t...

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 a ra...

Which of the following is most vital or important in planning a subdivision: - Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - Percentage Lease What is not an adequate method of transferring property? - Executive Sale What is considered personal property? - Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value of the property if a 10% return i...

Massachusetts Real Estate Law All Answers Correct Licensing law is created to protect consumers Board of Registration of Real Estate brokers -enforce license law -part of division of professional licensure -located at 1000 washington street, boston, ma 02118 -created in 1960 -5 members, each a 5 year term, with one expiring each year Licensing law exceptions -people buying, selling, leasing property for themselves -lawyers and people holding written power of attorney -regular, salaried...

Penny, a CA licensee, has been advertising on the internet. She specializes in the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done? - ANSWERPenny failed fo indicate in the advertisement her license status. As an examinee, or a new licensee, where is the best, most accurate source for current California Bureau of Real Estate information? - ANSWERThe DRE website Gerard, a Nevada rea...

CA Real Estate Salesperson Exam Questions With All Correct Answers T/F? Brokers can designate any licensee to act as a branch office manager? - ANSWER- False - the designated licensee must have at least 2 years full time real estate experience during the last 5 years. June has worked with buyers and sellers for years. When homeowners default on their mortgage, June acts as trustee for the deed of trust. Under the deed of trust, June has the authority to sell the property. Does June have a ...

Real Estate Salesperson California State Exam Complete Solutions Which of the following is most vital or important in planning a subdivision: Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: Percentage Lease What is not an adequate method of transferring property? Executive Sale What is considered personal property? Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization ...