CA RE Practice 2023 Exam Questions & Answers 100% Correct(SCORED A+)

A violation of a condition is more severe than a covenant and might result in the loss of title. - ANSWERSWhich of the following statements regarding deed restrictions is TRUE? Continue with the escrow - ANSWERSShortly after a valid escrow is established, both the buyer and seller die. What should the escrow agent do? 3 days - ANSWERSA buyer signs the purchase agreement and the seller accepts. The agent personally delivers acceptance of the offer to the buyer and also drops off the seller's Transfer Disclosure Statement. How long after receiving the TDS does the buyer have to rescind the contract? use the property - ANSWERSTo obtain an easement by prescription, one must: See if soil must be exported or imported - ANSWERSAll of the following are reasons to conduct a soil study EXCEPT: 51 years. - ANSWERSThe maximum duration of an agricultural lease is: the floor for prices. - ANSWERSOffers to purchase by prospective buyers will tend to set: Loan-to-Value Ratio (LTV) - ANSWERSThe ratio of a loan's principal to the property's appraised value is called the: encumbrance. - ANSWERSIf land has a servient tenement, it has a(n): his/her contribution to the firm. - ANSWERSThe liability of a limited partner for business debts is limited to: sales of growing crops. - ANSWERSThe doctrine of constructive severance applies to: California - ANSWERSNet listings are illegal in many states. Which of the following states allows net listings? present both offers at the same time. - ANSWERSA broker receives a full-price offer on a house he has listed in accordance with the terms of the listing. Before he can present the offer, another broker brings in an offer for $500 less but with slightly better terms. The listing broker should: