REAL ESTATE FINAL EXAM - 100 QUESTIONS
Zoning is under the control of: - answer-government agencies.
A contract that is binding and enforceable in a court of law is said to be: - answer-valid.
Escrows base monthly prorations on how many days? - answer-30
The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - answer-5,000 sq. ft.
For about how much assessed value is the Homeowner's Property Tax Exemption? - answer-
$7,000
Misuse of the real estate appraisal report or coercion of the appraiser are now: - answer-
federal felonies.
A person who is authorized by the Secretary of State to witness the acknowledgement of
documents is known as a(n): - answer-notary public.
A broker who mixes personal funds with his or her principal's funds is guilty of: - answer-
commingling.
Real property consists of: - answer-land and structures on the land
anything incidental to the land
anything appurtenant to the land
Which of the following is NOT one of the forces that affect the value of a neighborhood? -
answer-Past sales considerations
The federal civil rights law that applies to people with disabilities and protects them from
discrimination is the: - answer-Americans with Disabilities Act
When prices rise due to shortages of available properties, it is known as a: - answer-seller's
market.
Other than the initial small deposit to open the account, when are money deposits the personal
property of the broker? - answer-Never
Which "American" title insurance is usually requested by lenders? - answer-ALTA policy
Which of the following is a requirement of a lease? - answer-length of lease
amount of rent
names of parties
, Which of the following is NOT an essential element of a real estate contract? - answer-Cash
The California Department of Veteran's Affairs loan program is commonly known as the: -
answer-CalVet Program.
The market data method (comparison approach) is the most common approach for: - answer-
houses
condos
vacant land
What is the section in the Residential Listing Agreement (Exclusive Authorization and Right to
Sell) that can entitle a broker to a commission even after the termination of the listing? -
answer-Safety Clause
How many square feet are in 1 acre? - answer-43.560
A month-to-month rental agreement is usually a: - answer-periodic tenancy.
You are a landlord who discovers that one of your tenants is having new carpet installed in his
apartment without your consent. To protect yourself, you should file a(n): - answer-notice of
non-responsibility.
Which of the following is FALSE concerning a grant deed? - answer-It is signed only by the
grantee.
Which of the following is NOT a type of property lot? - answer-Curb lot.
The rate the borrower is actually paying (including interest, points, and loan fees) is called: -
answer-the effective interest rate.
For all practical purposes, discrimination laws evolved from Title VIII of the Civil Rights Act of
1968, 13th Amendment to the U.S. Constitution, and the U.S. Supreme Court Case? - answer-
Jones v. Mayer
The closing date is: - answer-the date the documents are recorded.
The Real Estate Commissioner: - answer-enforces the Real Estate Law.
When an improvement is permanently attached to real property it becomes: - answer-real
property.
If the "exact" terms of the listing agreement are met, the listing broker is entitled to a
commission, even if the: - answer-owner refuses to sell to the buyer.
Zoning is under the control of: - answer-government agencies.
A contract that is binding and enforceable in a court of law is said to be: - answer-valid.
Escrows base monthly prorations on how many days? - answer-30
The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - answer-5,000 sq. ft.
For about how much assessed value is the Homeowner's Property Tax Exemption? - answer-
$7,000
Misuse of the real estate appraisal report or coercion of the appraiser are now: - answer-
federal felonies.
A person who is authorized by the Secretary of State to witness the acknowledgement of
documents is known as a(n): - answer-notary public.
A broker who mixes personal funds with his or her principal's funds is guilty of: - answer-
commingling.
Real property consists of: - answer-land and structures on the land
anything incidental to the land
anything appurtenant to the land
Which of the following is NOT one of the forces that affect the value of a neighborhood? -
answer-Past sales considerations
The federal civil rights law that applies to people with disabilities and protects them from
discrimination is the: - answer-Americans with Disabilities Act
When prices rise due to shortages of available properties, it is known as a: - answer-seller's
market.
Other than the initial small deposit to open the account, when are money deposits the personal
property of the broker? - answer-Never
Which "American" title insurance is usually requested by lenders? - answer-ALTA policy
Which of the following is a requirement of a lease? - answer-length of lease
amount of rent
names of parties
, Which of the following is NOT an essential element of a real estate contract? - answer-Cash
The California Department of Veteran's Affairs loan program is commonly known as the: -
answer-CalVet Program.
The market data method (comparison approach) is the most common approach for: - answer-
houses
condos
vacant land
What is the section in the Residential Listing Agreement (Exclusive Authorization and Right to
Sell) that can entitle a broker to a commission even after the termination of the listing? -
answer-Safety Clause
How many square feet are in 1 acre? - answer-43.560
A month-to-month rental agreement is usually a: - answer-periodic tenancy.
You are a landlord who discovers that one of your tenants is having new carpet installed in his
apartment without your consent. To protect yourself, you should file a(n): - answer-notice of
non-responsibility.
Which of the following is FALSE concerning a grant deed? - answer-It is signed only by the
grantee.
Which of the following is NOT a type of property lot? - answer-Curb lot.
The rate the borrower is actually paying (including interest, points, and loan fees) is called: -
answer-the effective interest rate.
For all practical purposes, discrimination laws evolved from Title VIII of the Civil Rights Act of
1968, 13th Amendment to the U.S. Constitution, and the U.S. Supreme Court Case? - answer-
Jones v. Mayer
The closing date is: - answer-the date the documents are recorded.
The Real Estate Commissioner: - answer-enforces the Real Estate Law.
When an improvement is permanently attached to real property it becomes: - answer-real
property.
If the "exact" terms of the listing agreement are met, the listing broker is entitled to a
commission, even if the: - answer-owner refuses to sell to the buyer.
