Real Estate Final Exam - 100
Questions with certified solutions.
ANS✔
owner refuses to sell to the buyer.
Qs
Which of the following is TRUE concerning negotiable instruments? - n
Ans✔
-They are easily transferable from one person to another.
-Promissory notes are considered negotiable instruments.
-The most common example of a negotiable instrument is a personal check.
Qs
Which advisory form reminds the buyer and seller of the importance of
investigating a property before the sale? - n
Ans✔
Statewide Buyer and Seller Advisory
Qs
The term "EER" is used to measure: - n
Ans✔
energy efficiency (the higher the better)
Qs
A lien placed on more than one parcel, all parcels having the same owner, is known
as a: - n
Ans✔
,blanket encumbrance.
Qs
An ownership interest in real property that only exists for the life of any designated
person or persons (often the grantee) is called a(n): - n
Ans✔
life estate.
Qs
The salesperson exam requires what percent of correct answers to pass? - n
Ans✔
70%
Qs
Of the following, who is permitted to purchase property in California without court
approval? - n
Ans✔
Foreign persons (aliens)
Qs
The seller must provide the buyer of a condominium with: - n
Ans✔
the CC&Rs
the bylaws
a copy of the most recent financial statement
Qs
Which of the following is considered the most popular real estate brokerage
websites? - n
Ans✔
realtor.com and zillow.com
, Qs
If the prospective investor of real property is most concerned with making money
off the usefulness of the improvements, he or she would be most concerned with: -
n
Ans✔
economic life remaining in the improvements.
Qs
A recorded public history of a specific property is called a: - n
Ans✔
chain of title.
Qs
CC&Rs refer to: - n
Ans✔
covenants, conditions, and restrictions.
Qs
Prior to receiving communication of its acceptance, a buyer can withdraw an offer: -
n
Ans✔
in writing
personally
by registered mail
Qs
The current status of items from the county records affecting the property's title is
called the: - n
Ans✔
preliminary title report.
Questions with certified solutions.
ANS✔
owner refuses to sell to the buyer.
Qs
Which of the following is TRUE concerning negotiable instruments? - n
Ans✔
-They are easily transferable from one person to another.
-Promissory notes are considered negotiable instruments.
-The most common example of a negotiable instrument is a personal check.
Qs
Which advisory form reminds the buyer and seller of the importance of
investigating a property before the sale? - n
Ans✔
Statewide Buyer and Seller Advisory
Qs
The term "EER" is used to measure: - n
Ans✔
energy efficiency (the higher the better)
Qs
A lien placed on more than one parcel, all parcels having the same owner, is known
as a: - n
Ans✔
,blanket encumbrance.
Qs
An ownership interest in real property that only exists for the life of any designated
person or persons (often the grantee) is called a(n): - n
Ans✔
life estate.
Qs
The salesperson exam requires what percent of correct answers to pass? - n
Ans✔
70%
Qs
Of the following, who is permitted to purchase property in California without court
approval? - n
Ans✔
Foreign persons (aliens)
Qs
The seller must provide the buyer of a condominium with: - n
Ans✔
the CC&Rs
the bylaws
a copy of the most recent financial statement
Qs
Which of the following is considered the most popular real estate brokerage
websites? - n
Ans✔
realtor.com and zillow.com
, Qs
If the prospective investor of real property is most concerned with making money
off the usefulness of the improvements, he or she would be most concerned with: -
n
Ans✔
economic life remaining in the improvements.
Qs
A recorded public history of a specific property is called a: - n
Ans✔
chain of title.
Qs
CC&Rs refer to: - n
Ans✔
covenants, conditions, and restrictions.
Qs
Prior to receiving communication of its acceptance, a buyer can withdraw an offer: -
n
Ans✔
in writing
personally
by registered mail
Qs
The current status of items from the county records affecting the property's title is
called the: - n
Ans✔
preliminary title report.
