CA Real Estate Exam- Practice 100%
ACCURATE
Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the
property. In terms of affecting title this action could: - ANSWER Place the beneficiary in a precarious
position should the borrower die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and ended by the following: - ANSWER A
foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party.
One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a
mortgage loan. The mortgage that he will obtain will probably be? - ANSWER A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: -
ANSWER Mortgages his or her share
Avulsion - ANSWER Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - ANSWER Today's cost and today's
reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - ANSWER Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - ANSWER cancel the transaction.
Not funtional obsolescense - - ANSWER Proximity of nuisances
, Intestate means: - ANSWER Someone that left no will
A principle may request an accounting from the real estate agent of his funds : - ANSWER At any time
Agents may get sued for: - ANSWER Any Wrong doing
A person who is delegated in an intrument to legally do something for another person in his stead is
called - ANSWER Attorney in fact
The terms of exclusive right to sell listing are - ANSWER The exact requirements of the sellers instructions
An advertisement to lease properties only to married couple is - ANSWER Illegal
The offers must be presented: - ANSWER even if they are oral and in writing
Intangible personal property: - ANSWER is not taxible
The real estate commissioner" - ANSWER Promulgates the real estate law
Unemployment: - ANSWER Does not affect the interest rates directly
Payment of Money - ANSWER is not necessary for a valid contract
To hire self employed agents is an advantage: - ANSWER Is an advantage because the broker doesnt
collect social security
Balloon payment means: - ANSWER all balances due at once
If the A.P.R. is disclose: - ANSWER No additional disclosures are required
ACCURATE
Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the
property. In terms of affecting title this action could: - ANSWER Place the beneficiary in a precarious
position should the borrower die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and ended by the following: - ANSWER A
foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party.
One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a
mortgage loan. The mortgage that he will obtain will probably be? - ANSWER A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: -
ANSWER Mortgages his or her share
Avulsion - ANSWER Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - ANSWER Today's cost and today's
reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - ANSWER Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - ANSWER cancel the transaction.
Not funtional obsolescense - - ANSWER Proximity of nuisances
, Intestate means: - ANSWER Someone that left no will
A principle may request an accounting from the real estate agent of his funds : - ANSWER At any time
Agents may get sued for: - ANSWER Any Wrong doing
A person who is delegated in an intrument to legally do something for another person in his stead is
called - ANSWER Attorney in fact
The terms of exclusive right to sell listing are - ANSWER The exact requirements of the sellers instructions
An advertisement to lease properties only to married couple is - ANSWER Illegal
The offers must be presented: - ANSWER even if they are oral and in writing
Intangible personal property: - ANSWER is not taxible
The real estate commissioner" - ANSWER Promulgates the real estate law
Unemployment: - ANSWER Does not affect the interest rates directly
Payment of Money - ANSWER is not necessary for a valid contract
To hire self employed agents is an advantage: - ANSWER Is an advantage because the broker doesnt
collect social security
Balloon payment means: - ANSWER all balances due at once
If the A.P.R. is disclose: - ANSWER No additional disclosures are required
