CA DRE Salesperson Exam Questions and Answers

How many baseline and meridian systems in CA? 3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? CA In the order in which they are to occur, the three steps of agency discosure are? disclose, elect, confirm The value of a residential property is best measured by which of the following groups of characteristics? Demand, utility, scarcity, and transferability Collateralized loan A loan secured by another loan, rather than a property Excess Land Used 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: the easement may not extend beyond the term of Chester's lease In a newspaper advertisment, Annual percentage rate (APR) May 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 Does 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: 15 calendar days In an escrow statement, "recurring costs" refers to Impound account items A subdivider needs to give a copy of the real estate commisionners public report to: Anyone upon request Quiet title: A court action to clear clouds on the title of a property. FHAs and mortgage The FHA insures mortgages but DOES NOT fund them