CA Real Estate Final Exam Questions with Correct Answers

CA Real Estate Final Exam Questions with Correct Answers Balloon payment means: - Answer-all balances due at once If the A.P.R. is disclose: - Answer-No additional disclosures are required An easement can be canceled by signing a: - Answer-Quitclaim deed For income tax purposes improvements are - Answer-Added to the basis of the property. For income tax purposes improvements are - Answer-Added to the basis of the property Information concealment by an agent is - Answer-Misrepresentation A strip lines of stores are: - Answer-Shopping centers In a counter offer: - Answer-the buy may reject to perform or to cancel The agency is terminated - Answer-if the property is destroyed by fire Outmoded design is: - Answer-Function absolescene In a purchase money trust deed" - Answer-A loan disclosure is required A lender may evict a borrower within - Answer-3 months A mispelled name in a deed: - Answer-May be corrected with a quitclaim deed A standard policy of title insurance doesnt cover - Answer-property lines oral commission - Answer-are legal if the seller selects to do so Conflicts with the LA county codes and the uniform codes - Answer-the one with the highest standards of safety will apply An offer presented with a $1000 note - Answer-Communicate to the seller the type of deposit before acceptance 1/2 a mile by 1/2 miles is: - Answer-160 Acres