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CA DRE SALESPERSON EXAM 2 LATEST VERSIONS (VERSION A & B) ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS

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CA DRE SALESPERSON EXAM 2 LATEST VERSIONS (VERSION A & B) ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS

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CA DRE SALESPERSON EXAM 2 LATEST VERSIONS (VERSION A & B) 2023-2024 ACTUAL EXAM 300
QUESTIONS AND CORRECT DETAILED ANSWERS

What are the two types of freehold estates? - (answer) 1) an estate in fee (simple absolute)

2) a life estate.



What is the most complete, largest type of estate that includes all rights associated with the estate? -
(answer) An estate in fee simple absolute



What type of estate do you own if someone grants you real property for you to own only during your
lifetime? When you die, the property reverts back to original estate owner. - (answer) a life estate



The rights of tenants who rent or lease property is what type of estate? - (answer) Less-than-freehold



Does property refer to "rights" or "thing" owned? - (answer) Thing



What are the two types of property? - (answer) real and personal



What four things make up real property? - (answer) 1) land;

2) anything affixed and regarded as permanent part of the land;

3) anything incidental or appurtenant to the land;

4) anything immovable from land



Besides the earth, i.e. soil and rocks, what else do you own when you own land? - (answer) The air
space above the land and space beneath the land.



What types of things are considered "affixed" to the land? - (answer) bridges, trees, buildings and
anything affixed to the buildings, ie doors.



What are waterways, easements, access or other benefits associated with land considered? - (answer)
incidental or appurtenant to the land

, CA DRE SALESPERSON EXAM 2 LATEST VERSIONS (VERSION A & B) 2023-2024 ACTUAL EXAM 300
QUESTIONS AND CORRECT DETAILED ANSWERS

What are the four different duration types that are associated with estates? - (answer) 1) estates of
inheritance or perpetual estates

2) estates for life

3) estates for years

4) estates at will



If property is not real property, than what type of property is it? - (answer) Personal property



What are three kinds of personal property? - (answer) 1) money

2) movable goods/chattels

3) evidence of debt



What are fixtures? - (answer) Personal property that is attached to land so that it becomes a part of
the real property.



What are the five tests used by the courts to determine if an item is a fixture? - (answer) MARIA

M ethod of attachment

A greement as to nature of property

R elationship of parties (landlord/tenant)

I ntention

A daptability for ordinary use



What are the three most common methods of describing property? - (answer) 1) recorded map;

2) by US Government section and township;

3) metes and bounds



In townships and sections, what are the horizontal and vertical lines called? - (answer) Base lines
(horizontal)

Meridians (vertical)

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