California real es - Study guides, Class notes & Summaries

California Real Estate Practice Chapter 1 Rockwell Slides Exam

California Real Estate Principles Chapter 14: Residential Design & Construction Questions With Complete Solutions

An insurance policy which combines personal liability insurance and hazard insurance coverage for a dwelling and its contents is called - Answer-Homeowners insurance What is the status of a contract when all the terms have been fulfilled and the transaction has been closed? - Answer-Fully executed Surface rights, air, rights, and subsurface rights are all rights that can be sold by a property owner while still retaining the property itself. These rights are known as: - Answer-Several right...

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California Real Estate Practice Chapter 5 Rockwell Slides Exam

CALIFORNIA REAL ESTATE EXAM

California Real Estate Exam Multiple Choice Questions and Answers 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. - Answer- d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR ...

California Real Estate Exam Questions and Answers Latest. 1 of 50 - Sal bought a personal residence for $150,000. He made $150,000 of improvements during the three years he lived in it before he sold it. He sold the home for $750,000 and paid $50,000 in selling expenses, including the broker's commission. On what amount will he pay capital gains tax? $150,000 You answered incorrectly Remember that there is a $250,000 exclusion on capital gains tax for the sale of an individual's perso...

Using time-management to increase income, you should realize that - Answer-doubling "A" time activities should double your income. What are the advantages of a good time-management program? - Answer-Improved efficiency Increased income A release from time pressures One of the requirements for a real estate salesperson to be regarded as an independent contractor by the IRS is that the - Answer-broker-salesperson contract states that the salesperson shall be treated as an independent con...

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