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SALESPERSON CORE EXAM MANUAL 2025/2026 QUESTIONS AND SOLUTIONS GRADED A+ TIP

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SALESPERSON CORE EXAM MANUAL 2025/2026 QUESTIONS AND SOLUTIONS GRADED A+ TIP

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SALESPERSON CORE EXAM MANUAL 2025/2026
QUESTIONS AND SOLUTIONS GRADED A+ TIP
✔✔example of avulsion - ✔✔150 feet of beachfront property being torn away by a flood

✔✔accretion - ✔✔opposite of avulsion

✔✔retention - ✔✔opposite of alienation

✔✔lien - ✔✔money encumbrance

✔✔all liens are encumbrances - ✔✔not all encumbrances are liens

✔✔judgement - ✔✔general lien

✔✔general lien - ✔✔affects all property of the debtor

✔✔mechanic's lien - ✔✔takes priory over all liens except taxes and special
assessments

✔✔mechanic's lien date - ✔✔date the project began

✔✔completion bond posted - ✔✔insurance company has ultimate responsibility to
complete job if contractor cannot

✔✔Notice of Nonresponsibility - ✔✔recorded and posted by owner within 10 days of
notice of work

✔✔attachment - ✔✔prejudgment action, good for three years, does not terminate on
death of property owner

✔✔judgement - ✔✔good for 10 years in country where recorded

✔✔lis pendens - ✔✔pending lawsuit affecting title to land, clouding the title, until final
judgement, or matter dismissed or resolved

✔✔private restrictions on land use - ✔✔created by original subdivider but may be
created by written agreement or general plan restrictions in subdivisions

✔✔CCRs - ✔✔covenant, conditions, restrictions are usually found in declaration of
restrictions

✔✔injunction - ✔✔stop a violation of the CCRs

, ✔✔covenant and conditions - ✔✔some covenants run with the land, all conditions run
with the land

✔✔defeasance clause - ✔✔title may be defeated or lost if condition is violated

✔✔variance - ✔✔zoning change of a single lot being requested for the owner's benefit

✔✔if public restrictions (zoning) and private restrictions (CCRs) differ - ✔✔the more
stringent will prevail

✔✔appurtenant easement and easement in gross - ✔✔appurtenant easement goes
with the land, easement in gross goes to a person

✔✔license - ✔✔allows one to use property for periods and conditions set by the owner,
can be revoked anytime

✔✔easement by prescription - ✔✔adverse possession my establish claim

✔✔homestead declaration - ✔✔effective if recorded before recording a judgement, not
an encumbrance

✔✔homestead termination - ✔✔sale of property or file declaration of abandonment

✔✔encroachment - ✔✔unlawful intrusion onto adjacent owner's land, landowner has
three years upon discovery to take action for removal

✔✔void grant deed - ✔✔if signed by single person under 18

✔✔commission split agreements - ✔✔may be by oral agreement, can pay commission
to out of state broker

✔✔infill - ✔✔redevelops property for mixed use

✔✔executory vs. executed - ✔✔executory-to be performed at later date, executed-
document has been signed

✔✔statute of limitations on a judgement - ✔✔10 years

✔✔exclusive listings - ✔✔must have termination date

✔✔open listing - ✔✔only procuring cause earns the commission

✔✔net listing - ✔✔commission is net of sale, most litigious ,legal but not recommended

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