Real Estate Principles Final Exam: Questions & Answers: Updated A+ Score Solution.

Real Estate Principles Final Exam Anything that is fastened or attached to real property permanently is considered to be: (Ans- Real Property A quitclaim deed releases all present claims, rights and title of the: (Ans- Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: (Ans- Obtain a writ of execution Before a mechanics lien is effective it must be: (Ans- Verified and recorded Discrimination by a real estate licensee based on race is: (Ans- A violation of the regulations of the Real Estate Commissioner, against public policy, and unethical Upon the signing of a real property sales contract: (Ans- An equitable title passes to purchaser All California Real Estate Laws are created by: (Ans- Acts of the legislature The 36 sect ions in a township are numbered from 1 through 36. Section 1 is located in the : (Ans- Northeast corner Which of the following would be a discriminatory act under the Commissioner's Regulations? (Ans- Posting a sign on the property indicating a preference for female renters, designing an ad for general circulation appealing to persons of a specific religion to purchase within a given area, and refusing to list a property in an area occupied by persons of a race other than the licensee. The type of interest usually charged on home loans is: (Ans- Simple A landowner is notified by a railroad company that it plans to cross his property with a railroad line. If the landowner refuses, the railroad company can proceed by the use of: (Ans- Eminent domain Title t o real property that is transferred by a will is considered: (Ans- A devise A real estate broker received 40 acres of land valued at $300 per acre as a commission from the seller. Two weeks after escrow closed, the broker was offered $400 per acre for the land. If the broker accepts the offer he: (Ans- Will be acting in an acceptable manner