Certified CA Real Estate Exam Test Questions
with Exact Answers.
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: - Ans-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: - Ans-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? - Ans-A
blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint
tenant: - Ans-Mortgages his or her share
Avulsion - Ans-Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - Ans-Today's cost and
today's reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - Ans-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: - Ans-cancel the transaction.
Not funtional obsolescense - - Ans-Proximity of nuisances
Intestate means: - Ans-Someone that left no will
, A principle may request an accounting from the real estate agent of his funds : - Ans-At
any time
The seller's responsibility is to transfer the property: - Ans-Free and clear
When compare to real estate, stocks and bonds are: - Ans-More liquid
Which of the following are liens? - Ans-Incometax
Judgements
Attachment
subagents: - Ans-They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - Ans-a license is required to answer questions
Who must disclose Mello - Ans-Seller (OWNER)
if the electrical was intalled by the son-in-law of the seller,
and not to code and the buyer moves in, and after, the
property catches on fire : - Ans-the real estate agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that
something was not properly disclose by Miles and Olsten, this is called: - Ans-Fraud
Logan sold a home to Hughes, if Hughes backs out: - Ans-Logan can sue for a specific
performance
A buyer pays for which of the following? - Ans-Escrow, Title, Insurance
The granting of doing business or to sell a product under a name with restrictions from the
grantor is called: - Ans-Franchise
Agents may get sued for: - Ans-Any Wrong doing
with Exact Answers.
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: - Ans-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: - Ans-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? - Ans-A
blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint
tenant: - Ans-Mortgages his or her share
Avulsion - Ans-Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - Ans-Today's cost and
today's reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - Ans-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: - Ans-cancel the transaction.
Not funtional obsolescense - - Ans-Proximity of nuisances
Intestate means: - Ans-Someone that left no will
, A principle may request an accounting from the real estate agent of his funds : - Ans-At
any time
The seller's responsibility is to transfer the property: - Ans-Free and clear
When compare to real estate, stocks and bonds are: - Ans-More liquid
Which of the following are liens? - Ans-Incometax
Judgements
Attachment
subagents: - Ans-They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - Ans-a license is required to answer questions
Who must disclose Mello - Ans-Seller (OWNER)
if the electrical was intalled by the son-in-law of the seller,
and not to code and the buyer moves in, and after, the
property catches on fire : - Ans-the real estate agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that
something was not properly disclose by Miles and Olsten, this is called: - Ans-Fraud
Logan sold a home to Hughes, if Hughes backs out: - Ans-Logan can sue for a specific
performance
A buyer pays for which of the following? - Ans-Escrow, Title, Insurance
The granting of doing business or to sell a product under a name with restrictions from the
grantor is called: - Ans-Franchise
Agents may get sued for: - Ans-Any Wrong doing
