Real estate salespeRson CalifoRnia state exam newest 2025
Complete Questions and CoRReCt detailed answeRs (VeRified
answeRs) |alReady GRaded a+||BRand new VeRsion!!
The value of the best property in the neighborhood will be adversely affected by the presence
of comparatively substandard property is a statement relating to value and is know as the
Principle of: - CoRReCt answeR-Regression
Which of the following actions or events would result in the termination of a sales escrow: -
CoRReCt answeR-Mutual consent of the parties
The measure of goods and services produced by the nation during any one calendar year is the
definition of which of the following: - CoRReCt answeR-Gross National Product
An easement on real property can be terminated by: - CoRReCt answeR-A release signed by
the holder of the dominant tenement
An appraiser's narrative appraisal report of a single-family residence probably would contain no
reference to: - CoRReCt answeR-The type of financing available
When identical or highly similar properties are offered for sale, the property offered at the
lower price attracts the greatest demand. That statement is an illustration of which of the
following principles of appraising: - CoRReCt answeR-SubstitutionWhich of the following is
most vital or important in planning a subdivision: - CoRReCt answeR-Market Analysis
,When rent is computed on the gross sales of a business occupying real property, the lease is
correctly termed: - CoRReCt answeR-Percentage Lease
What is not an adequate method of transferring property? - CoRReCt answeR-Executive Sale
What is considered personal property? - CoRReCt answeR-Existing Mortgage
If an income property is valued at $100,000 based on an 8% capitalization rate, what would be
the value of the property if a 10% return is required: - CoRReCt answeR-$80,000
$100,000 Value of Property
x 0.08 Capitalization Rate
=$8,000 Net Income
$8,000 Net Income
÷ 0.10 of Return
=$80,000 Value of Property
When the public records have been examined in order to determine the chain of title to a parcel
of real property, a written summary of that chain of title is known as: - CoRReCt answeR-An
abstract of title
The remedy of unlawful detainer action is used by offended: - CoRReCt answeR-Lessors
, Freehold estates would include which of the following: - CoRReCt answeR-A life estate
If a lender accepts a deed in lieu of foreclosure from a trustor, the lender: - CoRReCt
answeR-Will assume any junior liens
Which of the following would usually be true concerning a hard money second trust deed: -
CoRReCt answeR-It's secured by real estate and given to a third party to obtain a cash loan
Betty is beneficiary of a $15,000 deed of trust on a single-family home located in Long Beach,
CA. Trustor Milo made $2,000 in payments, then defaulted. At a trustee's sale, the property sold
for $10,000, resulting in a $3,000 deficiency. In California, a deficiency judgement cannot be
obtained: - CoRReCt answeR-In any of the below situations.
-If the security is a purchase-money trust deed.
-If remedy of trustee's sales is used.
-If fair market value of the property exceeds the amount due on the trust deed.
What state agency would a consumer contact in order to obtain a written report disclosing the
presence of wood destroying organisms? - CoRReCt answeR-Structural Pest Control Board
When a lender on a graduated payment mortgage is making disclosures that are required under
the Truth-in-Lending Law concerning advertising he must disclose the: - CoRReCt answeR-
Lender's Name
A clause in a mortgage stating that the rights of the mortgagee shall be secondary to a
subsequent mortgage is called: - CoRReCt answeR-None of the above
Complete Questions and CoRReCt detailed answeRs (VeRified
answeRs) |alReady GRaded a+||BRand new VeRsion!!
The value of the best property in the neighborhood will be adversely affected by the presence
of comparatively substandard property is a statement relating to value and is know as the
Principle of: - CoRReCt answeR-Regression
Which of the following actions or events would result in the termination of a sales escrow: -
CoRReCt answeR-Mutual consent of the parties
The measure of goods and services produced by the nation during any one calendar year is the
definition of which of the following: - CoRReCt answeR-Gross National Product
An easement on real property can be terminated by: - CoRReCt answeR-A release signed by
the holder of the dominant tenement
An appraiser's narrative appraisal report of a single-family residence probably would contain no
reference to: - CoRReCt answeR-The type of financing available
When identical or highly similar properties are offered for sale, the property offered at the
lower price attracts the greatest demand. That statement is an illustration of which of the
following principles of appraising: - CoRReCt answeR-SubstitutionWhich of the following is
most vital or important in planning a subdivision: - CoRReCt answeR-Market Analysis
,When rent is computed on the gross sales of a business occupying real property, the lease is
correctly termed: - CoRReCt answeR-Percentage Lease
What is not an adequate method of transferring property? - CoRReCt answeR-Executive Sale
What is considered personal property? - CoRReCt answeR-Existing Mortgage
If an income property is valued at $100,000 based on an 8% capitalization rate, what would be
the value of the property if a 10% return is required: - CoRReCt answeR-$80,000
$100,000 Value of Property
x 0.08 Capitalization Rate
=$8,000 Net Income
$8,000 Net Income
÷ 0.10 of Return
=$80,000 Value of Property
When the public records have been examined in order to determine the chain of title to a parcel
of real property, a written summary of that chain of title is known as: - CoRReCt answeR-An
abstract of title
The remedy of unlawful detainer action is used by offended: - CoRReCt answeR-Lessors
, Freehold estates would include which of the following: - CoRReCt answeR-A life estate
If a lender accepts a deed in lieu of foreclosure from a trustor, the lender: - CoRReCt
answeR-Will assume any junior liens
Which of the following would usually be true concerning a hard money second trust deed: -
CoRReCt answeR-It's secured by real estate and given to a third party to obtain a cash loan
Betty is beneficiary of a $15,000 deed of trust on a single-family home located in Long Beach,
CA. Trustor Milo made $2,000 in payments, then defaulted. At a trustee's sale, the property sold
for $10,000, resulting in a $3,000 deficiency. In California, a deficiency judgement cannot be
obtained: - CoRReCt answeR-In any of the below situations.
-If the security is a purchase-money trust deed.
-If remedy of trustee's sales is used.
-If fair market value of the property exceeds the amount due on the trust deed.
What state agency would a consumer contact in order to obtain a written report disclosing the
presence of wood destroying organisms? - CoRReCt answeR-Structural Pest Control Board
When a lender on a graduated payment mortgage is making disclosures that are required under
the Truth-in-Lending Law concerning advertising he must disclose the: - CoRReCt answeR-
Lender's Name
A clause in a mortgage stating that the rights of the mortgagee shall be secondary to a
subsequent mortgage is called: - CoRReCt answeR-None of the above
