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Real Estate Principles Final Exam Questions With Answers

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Real Estate Principles Final Exam Questions With Answers

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Real Estate Principles Final Exam
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Questions With Answers
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Anything that is fastened or attached to real property
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permanently is considered to be: - CORRECT
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ANSWERS(S)✔✔Real Property
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A quitclaim deed releases all present claims, rights and
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title of the: - CORRECT ANSWERS(S)✔✔Grantor
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When a creditor wants to satisfy a judgement which was
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levied against another person, the creditor would: -
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CORRECT ANSWERS(S)✔✔Obtain a writ of execution
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Before a mechanics lien is effective it must be: - CORRECT
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ANSWERS(S)✔✔Verified and recorded
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Discrimination by a real estate licensee based on race is: -
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CORRECT ANSWERS(S)✔✔A violation of the regulations
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of the Real Estate Commissioner, against public policy, and
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unethical
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,Upon the signing of a real property sales contract: -
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CORRECT ANSWERS(S)✔✔An equitable title passes to
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purchaser
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All California Real Estate Laws are created by: - CORRECT
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ANSWERS(S)✔✔Acts of the legislature
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The 36 sections in a township are numbered from 1
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through 36. Section 1 is located in the: - CORRECT
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ANSWERS(S)✔✔Northeast corner
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Which of the following would be a discriminatory act
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under the Commissioner's Regulations? - CORRECT
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ANSWERS(S)✔✔Posting a sign on the property indicating
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a preference for female renters, designing an ad for
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general circulation appealing to persons of a specific
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religion to purchase within a given area, and refusing to
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list a property in an area occupied by persons of a race
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other than the licensee.
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The type of interest usually charged on home loans is: -
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CORRECT ANSWERS(S)✔✔Simple
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, A landowner is notified by a railroad company that it
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plans to cross his property with a railroad line. If the
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landowner refuses, the railroad company can proceed by
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the use of: - CORRECT ANSWERS(S)✔✔Eminent domain
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Title to real property that is transferred by a will is
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considered: - CORRECT ANSWERS(S)✔✔A devise
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A real estate broker received 40 acres of land valued at
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$300 per acre as a commission from the seller. Two
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weeks after escrow closed, the broker was offered $400
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per acre for the land. If the broker accepts the offer he: -
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CORRECT ANSWERS(S)✔✔Will be acting in an acceptable
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manner
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The words "procuring cause" would have an important
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meaning to which of the following? - CORRECT
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ANSWERS(S)✔✔A disputed over commission on an open
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listing
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Which of the following is not an essential element of a
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contract? - CORRECT ANSWERS(S)✔✔Performance
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