CA Real Estate Exam- Practice Questions And Answers Already Passed!! | Updated 2024

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: - 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: - 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? - A blanket mortgage All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: - Mortgages his or her share Avulsion - Is the sudden tearing away of land by the the action of water When appraising a home build in 1910 the appraiser must use: - Today's cost and today's reproduct ion cost The appraiser gives an 30 year old home a rating of 6 years is called: - 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: - cancel the transaction. Not funtional obsolescense - - Proximity of nuisances Intestate means: - Someone that left no willA principle may request an accounting from the real estate agent of his funds : - At any time The seller's responsibility is to transfer the property: - Free and clear When compare to real estate, stocks and bonds are: - More liquid Which of the following are liens? - Incometax Judgements Attachment subagents: - They work for the seller If a builder pays $35 an hour to a hostess, to perform an open house, to answer questions: - a license is required to answer questions Who must disclose Mello - Seller (OWNER) if the electrical was intalled by the son-in-law of the seller, and not to code and the buyer moves in, and after, the property catches on fire : - the real estate agent is innocent of any wrong doing Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that something was not properly disclose by Miles and Olsten, this is called: - Fraud Logan sold a home to Hughes, if Hughes backs out: - Logan can sue for a specific performance A buyer pays for which of the following? - Escrow, Title, Insurance