CA REAL ESTATE CRASH COURSE
QUESTIONS AND CORRECT
ANSWERS
If a real estate agent failed to deliver a copy of the agency form to a seller at the time the listing was
taken, this: ✅✅ANSW-Would relieve the seller of any liability to pay the agent a commission
Consider a restriction in a deed that prohibits the transfer of a property to members of a minority
group. Which of the following is true:
a. These restrictions are illegal but a court may enforce them if the buyer and seller agree
b. The restriction has no effect on the conveyance and is unenforceable
c. These restrictions are enforceable unless the buyer and seller agree to remove them
d. None of the above ✅✅ANSW-b. The restriction has no effect on the conveyance and is
unenforceable
the 1984 case of Easton vs. Strassburger accomplished which of the following:
a. The lawsuit required listing brokers (not selling brokers) to disclose the extent of a real estate
agency relationship to a seller.
b. The disclosure of material facts that are known to the broker or those that would be revealed
after a reasonable and competent inspection of normally accessible areas on a property
c. It expanded the requirement of brokers to test water being produced by a well for potability
d. It mandated that commissions on the sale of residential real estate not exceed six percent plus
reasonable and neccessary expenses. ✅✅ANSW-b. The disclosure of material facts that are
known to the broker or those that would be revealed after a reasonable and competent inspection
of normally accessible areas on a property
Which of the following items would most likely be short rated through the escrow process:
a. Fire insurance
b. Title insurance
c. HOA dues
d. All of the above ✅✅ANSW-a. Fire insurance
, Once an appraiser has collected all necessary data and completed all steps in the appraiser process,
the final step in the appraisal process is: ✅✅ANSW-reconciliation
A month to month lease is a type of: ✅✅ANSW-Periodic tenancy
When examining the performance of real estate investments, capital turnover is: ✅✅ANSW-
Typically slower than the average commodity
In terms of depreciation, which of the following is true:
a. An appraiser is concerned with book depreciation and an accountant would be concerned with
physical depreciation
b. Both an appraiser and accountant are concerned with book depreciation.
c. An appraiser is concerned with actual depreciation and an accountant would be concerned with
book depreciation.
d. All of the above are true ✅✅ANSW-c. An appraiser is concerned with actual depreciation and
an accountant would be concerned with book depreciation.
Which of the following would be considered personal property:
a. the structure that exists upon a parcel of land
b. riparian rights
c. appurtenances
d. A mortgage instrument ✅✅ANSW-d. A mortgage instrument
Under which of the following circumstances would a landlord be able to enter a tenant's unit:
a. The landlord may enter the tenant's unit in the event of an emergency
b. The landlord may enter so long as the tenant is not at home
c. To show the property to a prospective tenant at the start of the current tenant's lease
d. The landlord may enter a tenant's unit at anytime ✅✅ANSW-a. The landlord may enter the
tenant's unit in the event of an emergency
In an easement, the burdened party is known as the: ✅✅ANSW-servient tenement
Real property is reassessed for property tax purpose when: ✅✅ANSW-A qualifying sale occurs
QUESTIONS AND CORRECT
ANSWERS
If a real estate agent failed to deliver a copy of the agency form to a seller at the time the listing was
taken, this: ✅✅ANSW-Would relieve the seller of any liability to pay the agent a commission
Consider a restriction in a deed that prohibits the transfer of a property to members of a minority
group. Which of the following is true:
a. These restrictions are illegal but a court may enforce them if the buyer and seller agree
b. The restriction has no effect on the conveyance and is unenforceable
c. These restrictions are enforceable unless the buyer and seller agree to remove them
d. None of the above ✅✅ANSW-b. The restriction has no effect on the conveyance and is
unenforceable
the 1984 case of Easton vs. Strassburger accomplished which of the following:
a. The lawsuit required listing brokers (not selling brokers) to disclose the extent of a real estate
agency relationship to a seller.
b. The disclosure of material facts that are known to the broker or those that would be revealed
after a reasonable and competent inspection of normally accessible areas on a property
c. It expanded the requirement of brokers to test water being produced by a well for potability
d. It mandated that commissions on the sale of residential real estate not exceed six percent plus
reasonable and neccessary expenses. ✅✅ANSW-b. The disclosure of material facts that are
known to the broker or those that would be revealed after a reasonable and competent inspection
of normally accessible areas on a property
Which of the following items would most likely be short rated through the escrow process:
a. Fire insurance
b. Title insurance
c. HOA dues
d. All of the above ✅✅ANSW-a. Fire insurance
, Once an appraiser has collected all necessary data and completed all steps in the appraiser process,
the final step in the appraisal process is: ✅✅ANSW-reconciliation
A month to month lease is a type of: ✅✅ANSW-Periodic tenancy
When examining the performance of real estate investments, capital turnover is: ✅✅ANSW-
Typically slower than the average commodity
In terms of depreciation, which of the following is true:
a. An appraiser is concerned with book depreciation and an accountant would be concerned with
physical depreciation
b. Both an appraiser and accountant are concerned with book depreciation.
c. An appraiser is concerned with actual depreciation and an accountant would be concerned with
book depreciation.
d. All of the above are true ✅✅ANSW-c. An appraiser is concerned with actual depreciation and
an accountant would be concerned with book depreciation.
Which of the following would be considered personal property:
a. the structure that exists upon a parcel of land
b. riparian rights
c. appurtenances
d. A mortgage instrument ✅✅ANSW-d. A mortgage instrument
Under which of the following circumstances would a landlord be able to enter a tenant's unit:
a. The landlord may enter the tenant's unit in the event of an emergency
b. The landlord may enter so long as the tenant is not at home
c. To show the property to a prospective tenant at the start of the current tenant's lease
d. The landlord may enter a tenant's unit at anytime ✅✅ANSW-a. The landlord may enter the
tenant's unit in the event of an emergency
In an easement, the burdened party is known as the: ✅✅ANSW-servient tenement
Real property is reassessed for property tax purpose when: ✅✅ANSW-A qualifying sale occurs
