CA DRE salesperson exam Questions & Answers 100% Verified

How many baseline and meridian systems in CA? - ANSWER3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? - ANSWERCA In the order in which they are to occur, the three steps of agency discosure are? - ANSWERdisclose, elect, confirm The value of a residential property is best measured by which of the following groups of characteristics? - ANSWERDemand, utility, scarcity, and transferability Collateralized loan - ANSWERA loan secured by another loan, rather than a property Excess Land - ANSWERUsed for practical purposes such as storage Frank leased a property to Chester. Chester gave Mark an easement over the property. At the end of the lease term: - ANSWERthe easement may not extend beyond the term of Chester's lease In a newspaper advertisment, Annual percentage rate (APR) - ANSWERMay stand alone as financial info without providing any additional financial info When a lease is for a period greater than one year, the contract does not require the signature of - ANSWERDoes not requiree the signature of the owner, only the tenant A landlord is required to provide a copy of the written lease to the tenant within: - ANSWER15 calendar days In an escrow statement, "recurring costs" refers to - ANSWERImpound account items A subdivider needs to give a copy of the real estate commisionners public report to: - ANSWERAnyone upon request Quiet title: - ANSWERA court action to clear clouds on the title of a property. FHAs and mortgage - ANSWERThe FHA insures mortgages but DOES NOT fund them The existance of a military establishment that contains explosives needs to be disclosed if it is located within how miles of the property? - ANSWER1 mile Option adjustable rate mortgatge (ARM) - ANSW