Social Science Law Civil Law
CALIFORNIA REAL ESTATE SALESPERSON
FINAL EXAM AND PRACTICE EXAM NEWEST
2024-2025 ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED
Leave the first rating
Terms in this set (339)
Stock in a mutual water Real Property
company is best
described as:
When two ore more Joint Tenancy
parties own real property
as co-owners with the
right of survivorship, what
is the tenancy called?
How long must one use 5 years
another's land open and
notoriously to obtain an
easement by
prescription?
Adverse possession is an Occupancy
example of how title to
land an be acquired by:
In the Rectangular Survey Base lines
System, what would one
call the lines running East
and West?
,All property acquired by Community Property
a husband and wife
during a valid marriage
(except for separate
property) is called:
What is the fullest B) Fee Simple Absolute
freehold estate in fee
that one can hold?
A) Life Estate
B) Fee Simple Absolute
C) Fee Simple
Conditional
D) Lease Hold Estate
That which is immovable Real property
by law is also known as:
The most common way Agency by agreement
to create an agency
relationship is:
If an agent provides the 3 days
buyer with the Real
Estate Transfer Disclosure
Statement after the offer
is presented, how long
does the buyer have to
rescind the agreement?
A seller's agent may do Say, "Leave it to me. I can get you the house at the
all of the following price you want."
except:
As a result of the decision Defects they should have known about through a
in (Easton v. Strassburger, reasonable inspection.
1984) real estate agents
can be held liable for not
only for defect they know
about but also:
,A broker is considered Special agent
which of the following to
the principal?
What properties are 1-4 unit residential property.
touched and concerned
by Agency Disclosure
Law?
When underwriting a Market Value
loan application, a
mortgage company is
usually interested in
which of these values?
Which of the following Unimproved land leases for open storage.
would not be
depreciated?
An investor buys an Principle of anticipation
apartment building for
$140,000 after estimating
that it will have a net
income of $40,000
annually. Which value
principle is at work here?
In order to discover the Economic rent
fair income of the
property, an appraiser
looks at what?
The life cycle of a Growth, Stability, Decline, Revitalization.
neighborhood occurs in
these four stages, in this
order:
According to the Is in the center of its subdivision.
principle of conformity, a
residential property
maintains a higher value
when it
, The note that calls for Straight note
payment of interest only
is called a/an:
The note that calls for Fully amortized installment note.
periodic payment of both
principal and interest so
both are paid by the end
of the term is called a/an:
A process which allows a Hypothecation
borrower to remain in
possession of the
property while using it to
secure a loan is called:
The term that describes Security Interest
the interest of a creditor
in the property of a
debtor:
The deed of trust is Security for the debt
considered to be:
Who is the borrower in Maker
the written promise to
pay a debt?
A couple is divorcing. The It is not requried.
husband is ordered to
convey his interest to the
wife. When must she
receive the Transfer
Disclosure Statement?
What law applies to the Bulk transfer laws.
sale of a business?
Real property may be Inheritance.
transferred or alienated
by all of the following
except:
CALIFORNIA REAL ESTATE SALESPERSON
FINAL EXAM AND PRACTICE EXAM NEWEST
2024-2025 ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED
Leave the first rating
Terms in this set (339)
Stock in a mutual water Real Property
company is best
described as:
When two ore more Joint Tenancy
parties own real property
as co-owners with the
right of survivorship, what
is the tenancy called?
How long must one use 5 years
another's land open and
notoriously to obtain an
easement by
prescription?
Adverse possession is an Occupancy
example of how title to
land an be acquired by:
In the Rectangular Survey Base lines
System, what would one
call the lines running East
and West?
,All property acquired by Community Property
a husband and wife
during a valid marriage
(except for separate
property) is called:
What is the fullest B) Fee Simple Absolute
freehold estate in fee
that one can hold?
A) Life Estate
B) Fee Simple Absolute
C) Fee Simple
Conditional
D) Lease Hold Estate
That which is immovable Real property
by law is also known as:
The most common way Agency by agreement
to create an agency
relationship is:
If an agent provides the 3 days
buyer with the Real
Estate Transfer Disclosure
Statement after the offer
is presented, how long
does the buyer have to
rescind the agreement?
A seller's agent may do Say, "Leave it to me. I can get you the house at the
all of the following price you want."
except:
As a result of the decision Defects they should have known about through a
in (Easton v. Strassburger, reasonable inspection.
1984) real estate agents
can be held liable for not
only for defect they know
about but also:
,A broker is considered Special agent
which of the following to
the principal?
What properties are 1-4 unit residential property.
touched and concerned
by Agency Disclosure
Law?
When underwriting a Market Value
loan application, a
mortgage company is
usually interested in
which of these values?
Which of the following Unimproved land leases for open storage.
would not be
depreciated?
An investor buys an Principle of anticipation
apartment building for
$140,000 after estimating
that it will have a net
income of $40,000
annually. Which value
principle is at work here?
In order to discover the Economic rent
fair income of the
property, an appraiser
looks at what?
The life cycle of a Growth, Stability, Decline, Revitalization.
neighborhood occurs in
these four stages, in this
order:
According to the Is in the center of its subdivision.
principle of conformity, a
residential property
maintains a higher value
when it
, The note that calls for Straight note
payment of interest only
is called a/an:
The note that calls for Fully amortized installment note.
periodic payment of both
principal and interest so
both are paid by the end
of the term is called a/an:
A process which allows a Hypothecation
borrower to remain in
possession of the
property while using it to
secure a loan is called:
The term that describes Security Interest
the interest of a creditor
in the property of a
debtor:
The deed of trust is Security for the debt
considered to be:
Who is the borrower in Maker
the written promise to
pay a debt?
A couple is divorcing. The It is not requried.
husband is ordered to
convey his interest to the
wife. When must she
receive the Transfer
Disclosure Statement?
What law applies to the Bulk transfer laws.
sale of a business?
Real property may be Inheritance.
transferred or alienated
by all of the following
except:
