California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
Which of the following is most vital or important in planning a subdivision: -
correct answers ✅Market Analysis
When rent is computed on the gross sales of a business occupying real
property, the lease is correctly termed: - correct answers ✅Percentage
Lease
What is not an adequate method of transferring property? - correct answers
✅Executive Sale
What is considered personal property? - correct answers ✅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 answers ✅$80,000
$100,000 Value of Property
,California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
x 0.08 Capitalization Rate
=$8,000 Net Income
$8,000 Net Income
÷ 0.10 of Return
=$80,000 Value of Property
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 answers
✅Regression
Which of the following actions or events would result in the termination of a
sales escrow: - correct answers ✅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 answers
✅Gross National Product
,California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
An easement on real property can be terminated by: - correct answers ✅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 answers ✅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
answers ✅Substitution
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 answers ✅An abstract of title
The remedy of unlawful detainer action is used by offended: - correct
answers ✅Lessors
, California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
Freehold estates would include which of the following: - correct answers
✅A life estate
If a lender accepts a deed in lieu of foreclosure from a trustor, the lender: -
correct answers ✅Will assume any junior liens
Which of the following would usually be true concerning a hard money
second trust deed: - correct answers ✅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 answers ✅In any of the below situations.
-If the security is a purchase-money trust deed.
-If remedy of trustee's sales is used.
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
Which of the following is most vital or important in planning a subdivision: -
correct answers ✅Market Analysis
When rent is computed on the gross sales of a business occupying real
property, the lease is correctly termed: - correct answers ✅Percentage
Lease
What is not an adequate method of transferring property? - correct answers
✅Executive Sale
What is considered personal property? - correct answers ✅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 answers ✅$80,000
$100,000 Value of Property
,California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
x 0.08 Capitalization Rate
=$8,000 Net Income
$8,000 Net Income
÷ 0.10 of Return
=$80,000 Value of Property
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 answers
✅Regression
Which of the following actions or events would result in the termination of a
sales escrow: - correct answers ✅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 answers
✅Gross National Product
,California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
An easement on real property can be terminated by: - correct answers ✅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 answers ✅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
answers ✅Substitution
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 answers ✅An abstract of title
The remedy of unlawful detainer action is used by offended: - correct
answers ✅Lessors
, California Real Estate Salesperson Exam
Questions with Answers Latest 2023 (Verified
Solutions) GRADED A+
Freehold estates would include which of the following: - correct answers
✅A life estate
If a lender accepts a deed in lieu of foreclosure from a trustor, the lender: -
correct answers ✅Will assume any junior liens
Which of the following would usually be true concerning a hard money
second trust deed: - correct answers ✅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 answers ✅In any of the below situations.
-If the security is a purchase-money trust deed.
-If remedy of trustee's sales is used.
