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Aceable Agent Core Exams 2026 Set Questions And Answers Sure A.pdf

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ACEABLE AGENT CORE EXAMS 2026 SET QUESTIONS AND ANSWERS SURE A.pdf

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ACEABLE AGENT CORE EXAMS 2026 SET QUESTIONS AND
ANSWERS SURE A+
✔✔After attending a get-rich-quick real estate seminar, an attendee wants to buy a
house "cheap." She tells a broker that she will offer $50,000, with seller financing and
no down payment, on the Monroe Street house, which has an asking price of $125,000.
The broker presents the offer with one of his own for $85,000, telling the owners that
unexpected market conditions make their asking price unrealistic. His conduct is
A. Acceptable
B. Mandated
C. Discouraged
D. Prohibited - ✔✔D. Prohibited

✔✔A new broker opens a brokerage office and immediately places an ad in the local
newspaper: List Your House with Me and I Will Pay You $500 at Closing. This practice
is
A. Acceptable
B. Mandated
C. Discouraged
D. Prohibited - ✔✔A. Acceptable

✔✔During the days of Spanish rule, all land was owned by
a. the missions.
b. the government.
c. the crown.
d. the conquistadores. - ✔✔C. The Crown

✔✔The Treaty of Guadalupe Hidalgo ended
a. the gold rush.
b. Spanish rule.
c. the war with Mexico.
d. the missions. - ✔✔C. The war with Mexico

✔✔Real Estate Law, which relies on court decisions as well as legislation, is based on
a. Spanish civil law.
b. French civil law.
c. the right of appropriation.
d. English common law. - ✔✔D. English common law

✔✔Land disputes over the Spanish and Mexican land grants were settled by
a. the Board of Land Commissioners.
b. the State of California.
c. the Spanish legal code.
d. taking all land for public use. - ✔✔A. the Board of Land Commissioners

,✔✔In California, the term real estate is a synonymous with
a. land.
b. fixtures.
c. real property.
d. personal property. - ✔✔C. Real property

✔✔Real property is NOT
a. land.
b. real estate.
c. appurtenances to land.
d. movable. - ✔✔D. movable

✔✔The sale of real property generally is governed by the laws of
A. the state where the real property is located.
B. the state where the owner of the real property resides.
C. any of the states.
D. the federal government. - ✔✔A. the state where the real property is located

✔✔The sale of personal property generally is governed by the law of
a. the state where the personal property is
located.
b. the state where the owner of the property
resides.
c. any of the states.
d. the federal government. - ✔✔B. The states where the owner of the property resides

✔✔In California the Uniform Commercial Code governs sales transaction involving
a. real estate.
b. bulk sales of goods.
c. fixtures to real estate.
d. riparian rights. - ✔✔B. Bulk sale of goods

✔✔For real estate to be conveyed, there must be an accurate
a. fence line.
b. description.
c. soil chemical analysis.
d. water test. - ✔✔B. description

✔✔A subdivision map is
a. rarely accurate.
b. good only to describe the entire subdivision.
c. never required.

,d. a good reference for a legal description. - ✔✔D. a good reference for a legal
description

✔✔The most useful method of describing a subdivision parcel is probably
a. the lot and block system.
b. the rectangular survey system.
c. the metes and bounds system.
d. the U.S. government survey system. - ✔✔A. A lot and block system

✔✔The rectangular survey system is also called
a. the U.S. government survey system.
b. the province and township system.
c. the subdivision system.
d. the California system. - ✔✔A. The US government survey system

✔✔California has how many principal baselines
California has how many principal baselines?
a. One
b. Two
c. Three
d. Four - ✔✔C. Three

✔✔A township consists of how many sections?
A. 12
B. 18
C. 4
D. 36 - ✔✔D. 36

✔✔A section is:
A. 640 ACRES
B. SIX SQUARE MILES
C. 5,000 FT BY 5,000 FT
D. THREE LEAGUES - ✔✔A. 640 acres

✔✔Section 6 lies in what direction from section 1 of a township
a. North
b. South
c. East
d. West - ✔✔D. west

✔✔Section 22 lies in what direction from section 17 of a township?
a. Northeast
b. Northwest
c. Southeast

, d. Southwest - ✔✔C. southeast

✔✔Land described as the South 1/2 of the North 1/2 of Section 18 contains how many
acres?
a. 80
b. 120
c. 160
d. 320 - ✔✔C. 160

✔✔The point of beginning is used in
a. the rectangular survey system.
b. the metes and bounds system.
c. the lot and block system.
d. all legal descriptions. - ✔✔B. Metes and bounds system

✔✔A fee simple estate and a life estate are
a. freehold estates
b. fee simple estates.
c. leasehold estates.
d. estates of tenancy. - ✔✔A. Freehold estates

✔✔The highest form of ownership is
a. the life estate.
b. the real estate syndicate.
c. the fee simple absolute.
d. the estate at will. - ✔✔C. Fee simple absolute

✔✔Victor and Karen are not married but together own community property because
they are
a. brother and sister.
b. joint tenants.
c. registered domestic partners.
d. holders of a life estate. - ✔✔C. registered domestic partners

✔✔A fee simple estate that may be lost when
a. a life estate.
b. a fee simple absolute.
c. a remainder.
d. a fee simple on condition subsequent. - ✔✔D. A fee simple on condition subsequent

✔✔A fee simple estate that has no conditions is a
a. a life estate.
b. a remainder.
c. a fee simple on condition subsequent.

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