California Real Estate Exam
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California Real Estate Exam Multiple... CA real estate exam California Real Estate Exam NATIO
510 terms Teacher 196 terms Teacher 208 terms 164 term
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Terms in this set (208) Hide definitions
In reference to Property Taxes, "basis" or "cost" is Purchase price of prop plus cost of improvements.
How is a condominium unit owned? Separate interest
How are common interests in a condo owned? Equally in undivided interest
Subdivided Land Laws refer to 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 5 Years
Land Laws good for?
When does a tax year run? July 1-June 30
Legally combining smaller, adjacent parcels of land to Plottage or assemblage
form a larger parcel.
, Separating large parcels into smaller lots Subdividing or separating
Amount or size of land being increased by natural forces Accretion
such as deposits by wind or water.
Gradual uncovering of land previously covered by water Reliction
such as when a stream changes course.
The Statute of Limitations in the state of California allows 4 years
how long to take action?
The process by which the court may seize real or Attachment
personal property as security for a satisfaction of
monetary judgement.
When is a 20-day preliminary notice of a mechanics lien 20-days after the claimant (contractor) has first furnished labor, services,
need to be issued? equipment, or materials.
What is the purpose of issuing a preliminary notice of a To inform concerned parties that the property may be subject to liens arising out
mechanics lien to a claimant? of contract.
What is the brokers relationship to the customer? The broker is the agent to the customer (customer employs the broker).
What is the agents (salesperson) relationship to the The salesperson is the agent to the broker (the broker gives the salesperson
broker? authority to act on his/her behalf).
A Home Equity Line of Credit is An Open Ended Mortgage
An Open Ended Mortgage is 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 Police power
Local jurisdictions have the authority to divide land into Zoning
districts and impose land use regulations to promote
health, safety, and welfare of the public--this is known as
When can restrictions placed on a deed be removed? Never
28 studiers today 4.5 (22 reviews)
Students also studied
Flashcard sets Study guides
California Real Estate Exam Multiple... CA real estate exam California Real Estate Exam NATIO
510 terms Teacher 196 terms Teacher 208 terms 164 term
adam_salzberg Preview Parmeetkt Preview mrebarraza Preview taly
Terms in this set (208) Hide definitions
In reference to Property Taxes, "basis" or "cost" is Purchase price of prop plus cost of improvements.
How is a condominium unit owned? Separate interest
How are common interests in a condo owned? Equally in undivided interest
Subdivided Land Laws refer to 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 5 Years
Land Laws good for?
When does a tax year run? July 1-June 30
Legally combining smaller, adjacent parcels of land to Plottage or assemblage
form a larger parcel.
, Separating large parcels into smaller lots Subdividing or separating
Amount or size of land being increased by natural forces Accretion
such as deposits by wind or water.
Gradual uncovering of land previously covered by water Reliction
such as when a stream changes course.
The Statute of Limitations in the state of California allows 4 years
how long to take action?
The process by which the court may seize real or Attachment
personal property as security for a satisfaction of
monetary judgement.
When is a 20-day preliminary notice of a mechanics lien 20-days after the claimant (contractor) has first furnished labor, services,
need to be issued? equipment, or materials.
What is the purpose of issuing a preliminary notice of a To inform concerned parties that the property may be subject to liens arising out
mechanics lien to a claimant? of contract.
What is the brokers relationship to the customer? The broker is the agent to the customer (customer employs the broker).
What is the agents (salesperson) relationship to the The salesperson is the agent to the broker (the broker gives the salesperson
broker? authority to act on his/her behalf).
A Home Equity Line of Credit is An Open Ended Mortgage
An Open Ended Mortgage is 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 Police power
Local jurisdictions have the authority to divide land into Zoning
districts and impose land use regulations to promote
health, safety, and welfare of the public--this is known as
When can restrictions placed on a deed be removed? Never
