CA Real Estate Exam- Practice (Guaranteed Pass!)

Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: correct answers Place the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: correct answers A foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the joint tenants sell his interest. A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a mortgage loan. The mortgage that he will obtain will probably be? correct answers A blanket mortgage All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: correct answers Mortgages his or her share Avulsion correct answers Is the sudden tearing away of land by the the action of water When appraising a home build in 1910 the appraiser must use: correct answers Today's cost and today's reproduct ion cost The appraiser gives an 30 year old home a rating of 6 years is called: correct answers Effective age a home painted in 1972, even if the seller repainted the property a lead based paint booklet is required, if not, the ommission allows the buyer to: correct answers cancel the transaction. Not funtional obsolescense - correct answers Proximity of nuisances Intestate means: correct answers Someone that left no will A principle may request an accounting from the real estate agent of his funds : correct answers At any time The seller's responsibility is to transfer the property: correct answers Free and clear When compare to real estate, stocks and bonds are: correct answers More liquid Which of the following are liens? correct answers Incometax Judgements Attachment subagents: correct answers They work for the seller