Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Name: Score:
238 Multiple choice questions
b b b
Definition 1 of 238
b b
"Real property or _______ "
b b
b temporary
b immovable
b zoning
b liquid
Definition 2 of 238
b b
A land contract is typically ________to protect the vendee and, if the vendee defaults, the vendor
b b b b b b b b b b b b b b
would need a quitclaim deed signed byvendee to clearthe cloud on title to the property so it could be
b b b b b b b b b b b b b b b b b b b b
sold to someone else.
b b b b
b income
b recorded
b seller
b Section 8 (HUD) b b
Downloaded by: GeniusExpert |
b b b b Want to earn $1.236
b b b
Distribution of this document is illegal
b b b b b extra per year?
b b
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Term 3 of 238
b b
Subdivided LandsAct b b
Typically, lease agreement will prohit sublease/assignment by the tenant without the
b b b b b b b b b b
landlords prior _____ _.
b b
b often created by reservation in a deed; reserving a right ofwayoverland transferred
b b b b b b b b b b b b b b
Under this law a subdivision is any division of land into 5 or more lots, units, or parcels for
b b b b b b b b b b b b b b b b b b b b the
purposeofsale, lease,orfinancing. Purpose is toprotect purchasers from
b b b b b b b b b b b b
misrepresentation, decit, and fraud in subdivision sales. b b b b b b
Five items courts use to determine if something is a fixture -
b b b b b b b b b b b
methodofattachment
b b b
adaptabilitytothe property b b b
relationship ofthe parties
b b b b
intention of the person attaching
b b b b
agreement between the parties
b b b b
Definition 4 of 238
b b
A_____________ loan defers some principal payments to allow forlower payments at the start, b b b b b b b b b b b b
but after a few years the payments increase to pay off the loan in the time remaining. (increased incoem
b b b b b b b b b b b b b b b b b b
expected)
b
b primary market b
b graduated appreciation mortgage b b
b Dominant; Servient b
b open end loans b b
Downloaded by: GeniusExpert | b b b Want to earn $1.236
b b b
Distribution of this document is illegal b b b b b extra per year?
b b
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Definition 5 of 238
b b
Unline fixtures in a house, trade fixtures are _____________ _.
b b b b b b b
b not real property
b b
b always permanent b
b exclusively owned b
b only for business use
b b b
Definition 6 of 238
b b
The __________ formortgageloansiswhere loansare madetoindividualborrowers. b b b b b b b b b b
b negative ammortization b
b unlawful
b primary market b
b Federal Reserve b
Definition 7of 238
b b
In a _____________ (SAM)loan givesthe lenderanagreed percentage ofthe increase inthe
b b b b b b b b b b b b b
marketvalueofthe property;itcouldbeusedinamarketwhere realpropertywasappreciating in value.
b b b b b b b b b b b b b b b b b b
b negative ammortization b
b secondary mortgage market b b
b Residential Mortgage Loans b b
b shared appreciation mortgage
b b
Downloaded by: GeniusExpert |
b b b b Want to earn $1.236
b b b
Distribution of this document is illegal
b b b b b extra per year?
b b
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Definition 8 of 238
b b
A new subdivision cannot be used until the CalBRE has issued a____________ _.The subdividermust
b b b b b b b b b b b b b b
give acopytoanyone who requests one atanygiven time.The subdividermust geta recieptand keep the it
b b b b b b b b b b b b b b b b b b b b b
for 3 years.
b b b
b Public Report b
b Environmental Impact Report b b
b Construction Permit b
b Subdivision Application b
Definition 9 of 238
b b
Buyers agency is legal in california and a buyers agent has a fiduciary duty the the _________ only,but
b b b b b b b b b b b b b b b b
must be fairand honest with the seller.
b b b b b b b
b agent
b broker
b seller
b buyer
Definition 10 of238b b
If a federally related loan is involved, only an __________ can have an interest in a residential
b b b b b b b b b b b b b b
property.
b property manager b
b real estate agent b b
b appraiser
b mortgage broker b
Downloaded by: GeniusExpert |
b b b b Want to earn $1.236
b b b
Distribution of this document is illegal
b b b b b extra per year?
b b
b b b b b b b b b b
Name: Score:
238 Multiple choice questions
b b b
Definition 1 of 238
b b
"Real property or _______ "
b b
b temporary
b immovable
b zoning
b liquid
Definition 2 of 238
b b
A land contract is typically ________to protect the vendee and, if the vendee defaults, the vendor
b b b b b b b b b b b b b b
would need a quitclaim deed signed byvendee to clearthe cloud on title to the property so it could be
b b b b b b b b b b b b b b b b b b b b
sold to someone else.
b b b b
b income
b recorded
b seller
b Section 8 (HUD) b b
Downloaded by: GeniusExpert |
b b b b Want to earn $1.236
b b b
Distribution of this document is illegal
b b b b b extra per year?
b b
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Term 3 of 238
b b
Subdivided LandsAct b b
Typically, lease agreement will prohit sublease/assignment by the tenant without the
b b b b b b b b b b
landlords prior _____ _.
b b
b often created by reservation in a deed; reserving a right ofwayoverland transferred
b b b b b b b b b b b b b b
Under this law a subdivision is any division of land into 5 or more lots, units, or parcels for
b b b b b b b b b b b b b b b b b b b b the
purposeofsale, lease,orfinancing. Purpose is toprotect purchasers from
b b b b b b b b b b b b
misrepresentation, decit, and fraud in subdivision sales. b b b b b b
Five items courts use to determine if something is a fixture -
b b b b b b b b b b b
methodofattachment
b b b
adaptabilitytothe property b b b
relationship ofthe parties
b b b b
intention of the person attaching
b b b b
agreement between the parties
b b b b
Definition 4 of 238
b b
A_____________ loan defers some principal payments to allow forlower payments at the start, b b b b b b b b b b b b
but after a few years the payments increase to pay off the loan in the time remaining. (increased incoem
b b b b b b b b b b b b b b b b b b
expected)
b
b primary market b
b graduated appreciation mortgage b b
b Dominant; Servient b
b open end loans b b
Downloaded by: GeniusExpert | b b b Want to earn $1.236
b b b
Distribution of this document is illegal b b b b b extra per year?
b b
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Definition 5 of 238
b b
Unline fixtures in a house, trade fixtures are _____________ _.
b b b b b b b
b not real property
b b
b always permanent b
b exclusively owned b
b only for business use
b b b
Definition 6 of 238
b b
The __________ formortgageloansiswhere loansare madetoindividualborrowers. b b b b b b b b b b
b negative ammortization b
b unlawful
b primary market b
b Federal Reserve b
Definition 7of 238
b b
In a _____________ (SAM)loan givesthe lenderanagreed percentage ofthe increase inthe
b b b b b b b b b b b b b
marketvalueofthe property;itcouldbeusedinamarketwhere realpropertywasappreciating in value.
b b b b b b b b b b b b b b b b b b
b negative ammortization b
b secondary mortgage market b b
b Residential Mortgage Loans b b
b shared appreciation mortgage
b b
Downloaded by: GeniusExpert |
b b b b Want to earn $1.236
b b b
Distribution of this document is illegal
b b b b b extra per year?
b b
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
b b b b b b b b b b
Definition 8 of 238
b b
A new subdivision cannot be used until the CalBRE has issued a____________ _.The subdividermust
b b b b b b b b b b b b b b
give acopytoanyone who requests one atanygiven time.The subdividermust geta recieptand keep the it
b b b b b b b b b b b b b b b b b b b b b
for 3 years.
b b b
b Public Report b
b Environmental Impact Report b b
b Construction Permit b
b Subdivision Application b
Definition 9 of 238
b b
Buyers agency is legal in california and a buyers agent has a fiduciary duty the the _________ only,but
b b b b b b b b b b b b b b b b
must be fairand honest with the seller.
b b b b b b b
b agent
b broker
b seller
b buyer
Definition 10 of238b b
If a federally related loan is involved, only an __________ can have an interest in a residential
b b b b b b b b b b b b b b
property.
b property manager b
b real estate agent b b
b appraiser
b mortgage broker b
Downloaded by: GeniusExpert |
b b b b Want to earn $1.236
b b b
Distribution of this document is illegal
b b b b b extra per year?
b b
