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CALIFORNIA REAL ESTATE SALESPERSON FINAL
EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+/ BRAND NEW!!!
All of the following are ways by which an offer to purchase
real estate would be terminate, except - Answer-Failure to
communicate notice of revocation before the other party
has communicated his or her acceptance
When using their closing statement, escrow would debit
the seller of income property for which of the following
items - Answer-Prepaid rent
When a Cal-Vet wishes to purchase a home and use his
California veteran's benefit he would make the application
to - Answer-Department of Veterans Affairs
Which of the following loans would most likely be made
without requiring down payment from the borrower -
Answer-VA Loan
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Recorded title to a parcel of property was vested in Mary
Wilson a single woman. After her marriage to John
Roberts she executed a deed to the property only in the
name of Mary Roberts, a married woman. The
discrepancy in the grantor's name is - Answer-A defect,
which may cause a cloud on the title
If a salesperson wishes to advertise his or her services,
the advertisement must include - Answer-The brokers
name
Which of the following statements is incorrect with regard
to an "in-house" sale - Answer-The listing broker can be
the agent of the buyer only
For income tax purposes, capital expenditures for
improvements & alterations are - Answer-Added to the
"cost basis" of the property
The document which transfers title but contains no
express or implied warranties is a - Answer-Quitclaim
deed
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Land, which is subject to an easement is said to be -
Answer-Encumbered
After completion of a new building in which the owner did
not record a Notice of Completion, any unpaid claimant
must file a Mechanics's Lien within - Answer-90 days
Mr. Smith employed the XYZ Pool Construction Company
to install a swimming pool at his home. After completion,
the contractor filed a lien to obtain payment of the contract
price. The encumbrance created was - Answer-A specific
lien
Which of the following has control over the approval of a
subdivision under the Subdivision Map Act? - Answer-
Planning Commission
Mutual mortgage insurance on a FHA loan - Answer-
Protects the lender against ant deficiency in the event of
default
A Land developer offers a free prize to anyone who replies
to his direct mail advertisement & visits his subdivision
CALIFORNIA REAL ESTATE SALESPERSON FINAL
EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+/ BRAND NEW!!!
All of the following are ways by which an offer to purchase
real estate would be terminate, except - Answer-Failure to
communicate notice of revocation before the other party
has communicated his or her acceptance
When using their closing statement, escrow would debit
the seller of income property for which of the following
items - Answer-Prepaid rent
When a Cal-Vet wishes to purchase a home and use his
California veteran's benefit he would make the application
to - Answer-Department of Veterans Affairs
Which of the following loans would most likely be made
without requiring down payment from the borrower -
Answer-VA Loan
,2|Page
Recorded title to a parcel of property was vested in Mary
Wilson a single woman. After her marriage to John
Roberts she executed a deed to the property only in the
name of Mary Roberts, a married woman. The
discrepancy in the grantor's name is - Answer-A defect,
which may cause a cloud on the title
If a salesperson wishes to advertise his or her services,
the advertisement must include - Answer-The brokers
name
Which of the following statements is incorrect with regard
to an "in-house" sale - Answer-The listing broker can be
the agent of the buyer only
For income tax purposes, capital expenditures for
improvements & alterations are - Answer-Added to the
"cost basis" of the property
The document which transfers title but contains no
express or implied warranties is a - Answer-Quitclaim
deed
, 3|Page
Land, which is subject to an easement is said to be -
Answer-Encumbered
After completion of a new building in which the owner did
not record a Notice of Completion, any unpaid claimant
must file a Mechanics's Lien within - Answer-90 days
Mr. Smith employed the XYZ Pool Construction Company
to install a swimming pool at his home. After completion,
the contractor filed a lien to obtain payment of the contract
price. The encumbrance created was - Answer-A specific
lien
Which of the following has control over the approval of a
subdivision under the Subdivision Map Act? - Answer-
Planning Commission
Mutual mortgage insurance on a FHA loan - Answer-
Protects the lender against ant deficiency in the event of
default
A Land developer offers a free prize to anyone who replies
to his direct mail advertisement & visits his subdivision
