CA DRE salesperson exam Questions & Answers 100% Verified!!

How many baseline and meridian systems in CA? - ANSWER3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? - ANSWERCA In the order in which they are to occur, the three steps of agency discosure are? - ANSWERdisclose, elect, confirm The value of a residential property is best measured by which of the following groups of characteristics? - ANSWERDemand, utility, scarcity, and transferability Collateralized loan - ANSWERA loan secured by another loan, rather than a property Excess Land - ANSWERUsed for practical purposes such as storage Frank leased a property to Chester. Chester gave Mark an easement over the property. At the end of the lease term: - ANSWERthe easement may not extend beyond the term of Chester's lease In a newspaper advertisment, Annual percentage rate (APR) - ANSWERMay stand alone as financial info without providing any additional financial info When a lease is for a period greater than one year, the contract does not require the signature of - ANSWERDoes not requiree the signature of the owner, only the tenant A landlord is required to provide a copy of the written lease to the tenant within: - ANSWER15 calendar days In an escrow statement, "recurring costs" refers to - ANSWERImpound account items A subdivider needs to give a copy of the real estate commisionners public report to: - ANSWERAnyone upon request Quiet title: - ANSWERA court action to clear clouds on the title of a property. FHAs and mortgage - ANSWERThe FHA insures mortgages but DOES NOT fund them The existance of a military establishment that contains explosives needs to be disclosed if it is located within how miles of the property? - ANSWER1 mile Option adjustable rate mortgatge (ARM) - ANSWERhas negative amortization, meaning that the monthly payments are less than the interest accruing Executor/Executrix - ANSWERas a testator or person making a will, you are allowed to designate an executor or executrix as the representative to carry out your will when you die. If the Real Estate Commissioner feels the need to retract approval of a subdivision... - ANSWERthey issue a desist and refrain order Appraising a multi-million dollar home requires: - ANSWERA certified residential license and a certified general license The calendar date that is of most concern to an appraiser is the date: - ANSWERThe date That the purchase contract was signed How long does an easement last when no termination or date length is stated? -