Real Estate Principles Final Exam Questions and Answers

Real Estate Principles Final Exam Questions and Answers Anything that is fastened or attached to real property permanently is considered to be: - Answer- Real Property A quitclaim deed releases all present claims, rights and title of the: - Answer- Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: - Answer- Obtain a writ of execution Before a mechanics lien is effective it must be: - Answer- Verified and recorded Discrimination by a real estate licensee based on race is: - Answer- A violation of the regulations of the Real Estate Commissioner, against public policy, and unethical Upon the signing of a real property sales contract: - Answer- An equitable title passes to purchaser All California Real Estate Laws are created by: - Answer- Acts of the legislature The 36 sections in a township are numbered from 1 through 36. Section 1 is located in the: - Answer- Northeast corner Which of the following would be a discriminatory act under the Commissioner's Regulations? - Answer- Posting a sign on the property indicating a preference for female renters, designing an ad for general circulation appealing to persons of a specific religion to purchase within a given area, and refusing to list a property in an area occupied by persons of a race other than the licensee. The type of interest usually charged on home loans is: - Answer- Simple