ESCROW COMPREHENSIVE EXAMINATION
TEST 2026 SOLVED QUESTIONS ANSWERS
GRADED A+
◉ How is a condominium unit owned?
Answer: Separate interest
◉ How are common interests in a condo owned?
Answer: Equally in undivided interest
◉ Subdivided Land Laws refer to
Answer: Subdivisions of 5+ parcels on 160 acres, regulated
marketing & financing, and requires disclosures in public report.
◉ How long is a disclosure in public report for Subdivided Land
Laws good for?
Answer: 5 Years
◉ When does a tax year run?
Answer: July 1-June 30
,◉ Legally combining smaller, adjacent parcels of land to form a
larger parcel.
Answer: Plottage or assemblage
◉ Separating large parcels into smaller lots
Answer: Subdividing or separating
◉ Amount or size of land being increased by natural forces such as
deposits by wind or water.
Answer: Accretion
◉ Gradual uncovering of land previously covered by water such as
when a stream changes course.
Answer: Reliction
◉ The Statute of Limitations in the state of California allows how
long to take action?
Answer: 4 years
◉ The process by which the court may seize real or personal
property as security for a satisfaction of monetary judgement.
Answer: Attachment
,◉ When is a 20-day preliminary notice of a mechanics lien need to
be issued?
Answer: 20-days after the claimant (contractor) has first furnished
labor, services, equipment, or materials.
◉ What is the purpose of issuing a preliminary notice of a
mechanics lien to a claimant?
Answer: To inform concerned parties that the property may be
subject to liens arising out of contract.
◉ What is the brokers relationship to the customer?
Answer: The broker is the agent to the customer (customer employs
the broker).
◉ What is the agents (salesperson) relationship to the broker?
Answer: The salesperson is the agent to the broker (the broker gives
the salesperson authority to act on his/her behalf).
◉ A Home Equity Line of Credit is
Answer: An Open Ended Mortgage
◉ An Open Ended Mortgage is
Answer: A type of note that permits the borrower to obtain more
money at a future date under the same deed of trust.
, ◉ Zoning is an example of
Answer: Police power
◉ Local jurisdictions have the authority to divide land into districts
and impose land use regulations to promote health, safety, and
welfare of the public--this is known as
Answer: Zoning
◉ When can restrictions placed on a deed be removed?
Answer: Never
◉ What is the only restriction placed on a deed that is considered
illegal?
Answer: Race restrictions
◉ Is an option contract bilateral or unilateral?
Answer: Unilateral
◉ What does an option contract NOT do?
Answer: Create a legal interest in a property
TEST 2026 SOLVED QUESTIONS ANSWERS
GRADED A+
◉ How is a condominium unit owned?
Answer: Separate interest
◉ How are common interests in a condo owned?
Answer: Equally in undivided interest
◉ Subdivided Land Laws refer to
Answer: Subdivisions of 5+ parcels on 160 acres, regulated
marketing & financing, and requires disclosures in public report.
◉ How long is a disclosure in public report for Subdivided Land
Laws good for?
Answer: 5 Years
◉ When does a tax year run?
Answer: July 1-June 30
,◉ Legally combining smaller, adjacent parcels of land to form a
larger parcel.
Answer: Plottage or assemblage
◉ Separating large parcels into smaller lots
Answer: Subdividing or separating
◉ Amount or size of land being increased by natural forces such as
deposits by wind or water.
Answer: Accretion
◉ Gradual uncovering of land previously covered by water such as
when a stream changes course.
Answer: Reliction
◉ The Statute of Limitations in the state of California allows how
long to take action?
Answer: 4 years
◉ The process by which the court may seize real or personal
property as security for a satisfaction of monetary judgement.
Answer: Attachment
,◉ When is a 20-day preliminary notice of a mechanics lien need to
be issued?
Answer: 20-days after the claimant (contractor) has first furnished
labor, services, equipment, or materials.
◉ What is the purpose of issuing a preliminary notice of a
mechanics lien to a claimant?
Answer: To inform concerned parties that the property may be
subject to liens arising out of contract.
◉ What is the brokers relationship to the customer?
Answer: The broker is the agent to the customer (customer employs
the broker).
◉ What is the agents (salesperson) relationship to the broker?
Answer: The salesperson is the agent to the broker (the broker gives
the salesperson authority to act on his/her behalf).
◉ A Home Equity Line of Credit is
Answer: An Open Ended Mortgage
◉ An Open Ended Mortgage is
Answer: A type of note that permits the borrower to obtain more
money at a future date under the same deed of trust.
, ◉ Zoning is an example of
Answer: Police power
◉ Local jurisdictions have the authority to divide land into districts
and impose land use regulations to promote health, safety, and
welfare of the public--this is known as
Answer: Zoning
◉ When can restrictions placed on a deed be removed?
Answer: Never
◉ What is the only restriction placed on a deed that is considered
illegal?
Answer: Race restrictions
◉ Is an option contract bilateral or unilateral?
Answer: Unilateral
◉ What does an option contract NOT do?
Answer: Create a legal interest in a property
