CA Real Estate Principles - Addt'l Review-Questions with Correct
Answers/ Verified/ 100% Pass
Acre - ✔️✔️4840 square yards; 43560 square feet
Test for fixtures - ✔️✔️1. Relationship to parties
2. Method of attachment
3. Intent of the parties
Bill of sale - ✔️✔️Transfers title to personal property
US Government Survey uses - ✔️✔️Sections and Townships
Ranges - ✔️✔️6 mile increments running north and south
An estate for years is for - ✔️✔️a fixed period of time
An easement by prescription is created after 5 years if use is: - ✔️✔️-Open & notorious
-Uninterrupted for 5 years
-Under a claim of right or color of title
-Hostile (w/o permission)
Joint tenancy - ✔️✔️Time (all given at same time)
Title (all hold title at same time)
Interest (is equal for all owners)
Possession (all equal right to possession)
When does a deed take effect? - ✔️✔️When it is delivered and accepted
Escheat - ✔️✔️When one dies w/o a will or any living heirs, his estate goes to the state of CA
, Preliminary notice - ✔️✔️Written notice that should be given w/in 20 days of supplying labor or
services (must be filed before a mechanic's lien can be done)
Judgement - ✔️✔️A general lien
Unlocated easement - ✔️✔️One that does not specify a special area for right-of-way
A transfer disclosure statement is required for the sale of... - ✔️✔️1-4 unit residential properties
In what type of listing is the broker competing with the owner? - ✔️✔️Exclusive agency listing
Assignment - ✔️✔️Transfers a person's right within a contract
Purchase agreement contracts - ✔️✔️The offer and deposit to purchase a specific property on
specific terms. (must be accompanied by earnest $ deposit or promissory note)
Parol Evidence Rule - ✔️✔️Previous oral or written contracts can't be used to contradict or modify
the terms of a written contract.
What is used to change the original terms of a purchase agreement? - ✔️✔️Counter offer form
Executory contract - ✔️✔️Has yet to be performed
Remedies for breach of contract - ✔️✔️1. Specific performance
2. Unilateral rescission
3. Dollar damages
4. Acceptance
Percentage lease - ✔️✔️Retail sales lease where lessee pays a percentage of gross sales to the
lessor
Answers/ Verified/ 100% Pass
Acre - ✔️✔️4840 square yards; 43560 square feet
Test for fixtures - ✔️✔️1. Relationship to parties
2. Method of attachment
3. Intent of the parties
Bill of sale - ✔️✔️Transfers title to personal property
US Government Survey uses - ✔️✔️Sections and Townships
Ranges - ✔️✔️6 mile increments running north and south
An estate for years is for - ✔️✔️a fixed period of time
An easement by prescription is created after 5 years if use is: - ✔️✔️-Open & notorious
-Uninterrupted for 5 years
-Under a claim of right or color of title
-Hostile (w/o permission)
Joint tenancy - ✔️✔️Time (all given at same time)
Title (all hold title at same time)
Interest (is equal for all owners)
Possession (all equal right to possession)
When does a deed take effect? - ✔️✔️When it is delivered and accepted
Escheat - ✔️✔️When one dies w/o a will or any living heirs, his estate goes to the state of CA
, Preliminary notice - ✔️✔️Written notice that should be given w/in 20 days of supplying labor or
services (must be filed before a mechanic's lien can be done)
Judgement - ✔️✔️A general lien
Unlocated easement - ✔️✔️One that does not specify a special area for right-of-way
A transfer disclosure statement is required for the sale of... - ✔️✔️1-4 unit residential properties
In what type of listing is the broker competing with the owner? - ✔️✔️Exclusive agency listing
Assignment - ✔️✔️Transfers a person's right within a contract
Purchase agreement contracts - ✔️✔️The offer and deposit to purchase a specific property on
specific terms. (must be accompanied by earnest $ deposit or promissory note)
Parol Evidence Rule - ✔️✔️Previous oral or written contracts can't be used to contradict or modify
the terms of a written contract.
What is used to change the original terms of a purchase agreement? - ✔️✔️Counter offer form
Executory contract - ✔️✔️Has yet to be performed
Remedies for breach of contract - ✔️✔️1. Specific performance
2. Unilateral rescission
3. Dollar damages
4. Acceptance
Percentage lease - ✔️✔️Retail sales lease where lessee pays a percentage of gross sales to the
lessor
