California Real Estate 2023 Exam 5 Questions & Answers 100% Correct(SCORED A)

A court order prohibiting an act from being done is a(n): (a) injunction. (b) judgment. (c) attachment. (d) estoppel. - ANSWERSA What appraisal approach do you use when appraising vacant land? - ANSWERSSales Comparison Approach Value is best defined as - ANSWERSPresent worth of future benefits Which of the following would NOT be a valid reason for the seller to terminate a listing? (a) The broker had his/her license revoked (b) The seller declared bankruptcy (c) The broker was declared mentally incompetent prior to the listing (d) The broker was declared mentally incompetent after the signing of the listing - ANSWERSB Bankruptcy would make the sale very hard, but it does not terminate a listing. An estoppel is a: (a) plumbing fixture. (b) trade fixture. (c) notice to terminate agency. (d) document confirming tenant - ANSWERSD A purchase of rental property might have the existing tenants execute estoppel statements acknowledging their obligation to pay the proper amount of rent according to the specified terms of their leases. The Williamson Act provides helps owners of farmland and open-space land in the form of what kind of relief? - ANSWERSTax Relief