CA DRE Salesperson Exam Questions with 100 Correct and Verified solutions . A+ GRADE.

What are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your life?me? When you die, the property reverts back to original estate owner. a life estate The rights of tenants who rent or lease property is what type of estate? Less-than-freehold Does property refer to "rights" or "thing" owned? Thing What are the two types of property? real and personal What four things make up real property? 1) land; 2) anything affixed and regarded as permanent part of the land; 3) anything incidental or appurtenant to the land; 4) anything immovable from land Besides the earth, i.e. soil and rocks, what else do you own when you own land? The air space above the land and space beneath the land. What types of things are considered "affixed" to the land? bridges, trees, buildings and anything affixed to the buildings, ie doors. What are waterways, easements, access or other benefits associated with land considered? incidental or appurtenant to the land What are the four different dura?on types that are associated with estates? 1) estates of inheritance or perpetual estates 2) estates for life 3) estates for years 4) estates at will If property is not real property, than what type of property is it? Personal property What are three kinds of personal property? 1) money 2) movable goods/chaRels 3) evidence of debt What are fixtures? Personal property that is aRached to land so that it becomes a part of the real property. What are the five tests used by the courts to determine if an item is a fixture? MARIA M ethod of aRachment A greement as to nature of property R ela?onship of par?es (landlord/tenant) I nten?on A daptability for ordinary use What are the three most common methods of describing property? 1) recorded map; 2) by US Government sec?on and township; 3) metes and bounds