Real Estate Salesperson California State Exam 100% Accurate

Which of the following is most vital or important in planning a subdivision: -Answer Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: -Answer Percentage Lease What is not an adequate method of transferring property? -Answer Executive Sale What is considered personal property? -Answer Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value of the property if a 10% return is required: -Answer $80,000 $100,000 Value of Property x 0.08 Capitalization Rate =$8,000 Net Income $8,000 Net Income ÷ 0.10 of Return =$80,000 Value of Property The value of the best property in the neighborhood will be adversely affected by the presence of comparatively substandard property is a statement relating to value and is know as the Principle of: -Answer Regression Which of the following actions or events would result in the termination of a sales escrow: -Answer Mutual consent of the parties The measure of goods and services produced by the nation during any one calendar year is the definition of which of the following: -Answer Gross National Product An easement on real property can be terminated by: -Answer A release signed by the holder of the dominant tenement An appraiser's narrative appraisal report of a single-family residence probably would contain no reference to: -Answer The type of financing available When identical or highly similar properties are offered for sale, the property offered at the lower price attracts the greatest demand. That statement is an illustration of which of the following principles of appraising: -Answer Substitution When the public records have been examined in order to determine the chain of title to a parcel of real property, a written summary of that chain of title is known as: -Answer An abstract of title The remedy of unlawful detainer action is used by offended: -Answer Lessors Freehold estates would include which of the following: -Answer A life estate If a lender accepts a deed in lieu of foreclosure fr