California real estate qu - Study guides, Class notes & Summaries

California Real Estate Exam Multiple Choice Questions and answers | Latest 2024/25

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA c. MIP/MMI MIP - Mortgage Insurance Premi...

California Real Estate Exam Multiple Choice Questions With Complete Solutions Graded A+

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - correct answers d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA - correct answers c. MIP/M...

California Real Estate Exam Multiple Choice Questions Questions and answers latest update

CALIFORNIA REAL ESTATE EXAM 2023/2024 2 DIFFERENT VERSIONS EACH CONTAINS 150 MULTIPLE CHOICE QUESTIONS AND DETAILED ANSWERS FOR GUARANTEED PASS|GRADED A

The maximum commission a broker may charge for the sale of residential property is: (a) set forth in the Real Estate Law. (b) determined by the broker's contract with his principal. (c) six percent of the total sales price of a residence. (d) determined by local custom. B There is currently no law which controls what amount may be charged by the broker. Therefore, it is set by agreement between the parties. The Statute of Frauds, outlines what contracts must be in writing to be enfo...

CALIFORNIA REAL ESTATE LICENCE FINAL EXAM AND 2 PRACTICE TEST EXAM | EACH CONTAINS 150 ACCURATE QUESTIONS AND ANSWERS WITH RATIONALES | VERIFIED FOR GUARANTEED PASS | GRADED A | LATEST UPDATE | 2024

California Real Estate Exam Multiple Choice Questions And Answers

Real Estate Vocabulary Exam Please understand these are general real estate terms used in almost every state. This is here for practice and review purposes only. Some terms may not be on your exam. 1. Which of the following describes the term “appreciation”? A. Kind words expressed to someone about something they did B. An increase in the value of property C. An item of value owned by an individual D. None of the above Answer: B. Appreciation is the increase in the value...