Real Estate Salesperson California State Exam

Which of the following is most vital or important in planning a subdivision: -Answer Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: -Answer Percentage Lease What is not an adequate method of transferring property? -Answer Executive Sale What is considered personal property? -Answer 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: -Answer $80,000 $100,000 Value of Property 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: -Answer Regression Which of the following actions or events would result in the termination of a sales escrow: -Answer 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: -Answer Gross National Product An easement on real property can be terminated by: -Answer 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: -Answer The type of financing available