Real Estate License Exam A+ Grade Assured Complete Solutions And Verified Answers

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Exam Solution +t




Real Estate License Exam 2026 A+ GRADE ASSURED CO
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MPLETE SOLUTIONS AND VERIFIED ANSWERS (D4D7E) +t +t +t +t +t




QUESTION 1 +t




All of the following are ways by which an offer to purchase real estate would be terminat
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ed, except
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ANSWER

Failure to communicate notice of revocation before the other party has communicated his/her acceptan
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ce



QUESTION 2 +t




When a Cal- +t +t



Vet wishes to purchase a home and use his California veteran's benefits he would make t
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he application to
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ANSWER

Department of Veterans Affairs(VA) +t +t +t




QUESTION 3 +t




If a salesperson wishes to advertise his/her services, the advertisement must include
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ANSWER

The broker's name
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QUESTION 4 +t




Which of the following statements is incorrect with regard to an "in-house" sale
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ANSWER

The listing broker can be the agent of the buyer only
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,QUESTION 5 +t




The document which transfers title but contains no express or implied warranties is a
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ANSWER

Quitclaim deed +t




QUESTION 6 +t




Land, which is subject to an easement is said to be
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ANSWER

Encumbered



QUESTION 7 +t




After completion of a new building in which the owner did not record a Notice of Comple
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tion, any unpaid claimant must file a Mechanic's Lien within
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ANSWER

90 days
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QUESTION 8 +t




Which of the following has control over the approval of a subdivision under the Subdivis
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ion Map Act+t +t




ANSWER

Planning Commission +t




QUESTION 9 +t




Mutual mortgage insurance on an FHA loan
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ANSWER

Protects the lender against any deficiency in the event of a default
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QUESTION 10 +t




A land developer offers a free prize to anyone who replies to his direct mail advertiseme
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nt and visits his subdivision site. Prior to awarding the prize, however, the developer re
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,quires the party to attend a sales presentation at the site. The sales presentation require
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ment was not mentioned anywhere in the advertisement. This type of promotion is
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ANSWER

Illegal because it did not disclose the sale representation attendance requirement
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QUESTION 11 +t




A real estate broker who desires to operate a real estate office that is both competitive a
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nd profitable, is vitally concerned with "Desk Cost." Desk Cost is calculated by dividing t
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he
ANSWER

Total cost of rent, utilities, telephone, advertising and other operating expenses by the number of salesp
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ersons(TOTAL COST/# OF SALESPEOPLE) +t +t +t




QUESTION 12 +t




Which of the following would be a tenant in an apartment building and an owner in a co
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ndominium project have in common +t +t +t +t




ANSWER

Both have an estate in real property
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QUESTION 13 +t




The principal purpose of the Federal Truth in Lending Act was to
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ANSWER

Require creditors to disclose complete credit terms to prospective borrowers
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QUESTION 14 +t




A policy of title insurance requires a careful search of the public records. The public rec
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ords covered are found at
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ANSWER

County Recorder's Office, Federal Land Office Records, & County Clerk's Office
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QUESTION 15 +t




A real estate broker advertises that she will give a microwave oven valued at $500 to an
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yone who purchases a property listed with her office. This type of advertisement is
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, ANSWER

Legal if proper disclosures are made to all parties of interest
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QUESTION 16 +t




The broker who represented only the seller in a transaction has a fiduciary responsibilit
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y to the seller. When dealing with a third party, the broker
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ANSWER

Must treat the third party fairly and honestly
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QUESTION 17 +t




Which of the following state agencies is empowered to prevent acts of discrimination in
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housing accommodations in California because of race, color, religion, national origin, or
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ancestry
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ANSWER

Department of Fair Employment and Housing +t +t +t +t +t




QUESTION 18 +t




Which of the following notices could be important to the filing of a mechanic's lien
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ANSWER

Notice of Completion, Notice of Non-Responsibility, and Notice of Cessation
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QUESTION 19 +t




The words "time is of the essence" will usually be included in which of the following con
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tracts
ANSWER

Real Estate Purchase Contract & Receipt for Deposit
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QUESTION 20 +t




A real estate licensee was actively seeking listings by contacting owners in a non-
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integrated neighborhood and telling them that minorities were moving into the area and
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as a result, the value of homes in the area would suffer a loss in value and it was a good
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time to sell their property. This type of activity by the licensee would be considered
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ANSWER