- Study guides, Class notes & Summaries

1031 tax-deferred exchange - ANSWER-Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange 1031 tax-deferred exchange - ANSWER-Ex. Real estate investors can take advantage of the ________________ to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase Abutt...

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73 pages

Written in 2022/2023

Grade A+

millyphilip

What are the two types of freehold estates? - ANSWER1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWERAn estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWERa life estate The rights of tenants who rent or lease ...

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10 pages

Written in 2022/2023

Grade A+

nursingismylife

CA DRE SALESPERSON EXAM QUESTIONS WITH CORRECT ANSWERS

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16 pages

Written in 2025/2026

Grade A+

EliteStudyHub

CA DRE EXAM QUESTIONS WITH CORRECT ANSWERS

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10 pages

Written in 2025/2026

Grade A

EliteStudyHub

CA DRE SALESPERSON EXAM PRACTICE QUESTIONS WITH CORRECT ANSWERS 2026

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49 pages

Written in 2025/2026

Grade A+

EliteStudyHub

CA DRE EXAM QUESTIONS WITH CORRECT ANSWERS

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10 pages

Written in 2025/2026

Grade A+

Edufiles

CA DRE SALESPERSON EXAM QUESTIONS WITH CORRECT ANSWERS

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16 pages

Written in 2025/2026

Grade A+

Edufiles

CA DRE SALESPERSON EXAM PRACTICE QUESTIONS WITH CORRECT ANSWERS

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49 pages

Written in 2025/2026

Grade A+

Edufiles

CA DRE SALESPERSON EXAM QUESTIONS WITH CORRECT DETAILED ANSW CA DRE SALESPERSON EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS A+ VERIFIED LATEST VERSION 2025 CA DRE SALESPERSON EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS A+ VERIFIED LATEST VERSION 2025ERS A+ VERIFIED LATEST VERSION 2025

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16 pages

Written in 2025/2026

Grade A+

trevorwilly

CA DRE SALESPERSON EXAM PRACTICE QUESTIONS WITH CORRECT DETAILED ANSWERS A+ LATEST VERSION 2025CA DRE SALESPERSON EXAM PRACTICE QUESTIONS WITH CORRECT DETAILED ANSWERS A+ LATEST VERSION 2025 CA DRE SALESPERSON EXAM PRACTICE QUESTIONS WITH CORRECT DETAILED ANSWERS A+ LATEST VERSION 2025

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49 pages

Written in 2025/2026

Grade A+

trevorwilly

CA DRE EXAM QUESTIONS WITH REVISED CORRECT ANSWERS A+ GRADED LATEST UPDATE 2025 CA DRE EXAM QUESTIONS WITH REVISED CORRECT ANSWERS A+ GRADED LATEST UPDATE 2025 CA DRE EXAM QUESTIONS WITH REVISED CORRECT ANSWERS A+ GRADED LATEST UPDATE 2025

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10 pages

Written in 2025/2026

Grade A+

trevorwilly

Mr. Smith purchased a single-family residence and, after moving into the dwelling, discovered that the roof eaves of this home came within two feet of his neighbor's property line. If the city zoning and building restriction required at least a five foot distance: (A)He could force the neighbor to adjust the property line (B)He would not be insured for any loss under a standard form policy of title insurance (C)He could not make an appeal for a variance to the local governing body (D)Th...

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22 pages

Written in 2024/2025

Grade A+

SirAnton

What are the two types of freehold estates? - Correct Ans-1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - Correct Ans-An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - Correct Ans-a life estate The rights of tenants ...

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10 pages

Written in 2024/2025

Grade A

Bestzone

What are the two types of freehold estates? - ANSWER 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER An estate in fee simple absolute

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13 pages

Written in 2024/2025

Grade A+

Olivegrades

The northeast 1/4 of a section contains: - Answer-There are 640 acres in a section. Divide this by four to find the area of a quarter section, 160 acres How many square feet are in three acres of land? - Answer-An acre of land contains 43,560 square feet. Thus, three acres of land equals 130,680 square feet. The conversion of acreage to square feet is the most common type of math question on the state exam An individual may obtain title by all the following means except: - Answer-An indivi...

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4 pages

Written in 2023/2024

Grade A+

Greaterheights

What are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your life?me? When you die, the property reverts back to original estate owner. a life estate The rights of tenants who rent or lease property...

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13 pages

Written in 2023/2024

Grade A+

Creativewriters

Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - ANSWERPlace the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: - ANSWERA foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the joint tenants sell his...

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7 pages

Written in 2023/2024

Grade A+

suedocs

There are three main areas within this subject: Listing of real property Sales contracts Marketing - ANSWERThere are three main areas within this subject: Listing of real property Sales contracts Marketing Real Estate Practices describes government regulation of brokerage transactions, the operations of the Department of Real Estate, types of real estate licenses, requirements for obtaining broker and salesperson licenses, continuing education requirements, and, violations of real e...

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23 pages

Written in 2023/2024

Grade A+

suedocs

How many square feet in one acre? - ANSWERThere are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? - ANSWER$332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller rec...

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22 pages

Written in 2023/2024

Grade A+

suedocs

A 'commercial acre' is best defined as - ANSWERAn acre after deductions for streets and alleys. A join tenancy can be created by deeds conveying undivided interest in which of the following? - ANSWER(all of the following) By transfer from a wife deeding her seperate property to herself and her husband as joint tenants, By transfer from joint tenants in common deeding to themselves as joint tenants, By transfer from tenants in common deeding to themselves as joint tenants. The pe...

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6 pages

Written in 2023/2024

Grade A+

suedocs

A property owner has an easement appurtenant on her property. One day the property is sold to another party who is opposed to the easement. Following the closing, this particular form of easement does what? - ANSWERtransfers with the owner to a new property. A property owner is precluded by deed restriction from developing a thirty foot boat dock. The limitation prompts the owner to sell to another party. The new owner takes? - ANSWERtakes title subject to the same restriction. Which of th...

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5 pages

Written in 2023/2024

Grade A+

suedocs

Land - ANSWERThe physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - ANSWERgenerally refers to land with permanent manmade improvements. Real property - ANSWERrefers not only to the land and its improvements, but also the bundle of rights, powers, and privileges ("bundle of rights") that are legally connected to ownership of that land. Transferred by deed. Tangible rights - ANSWERbased...

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25 pages

Written in 2023/2024

Grade A+

suedocs