California Real Estate Principles

California Real Estate - State Test Prep Questions and Answers 100% Pass If property is sold while in probate - Correct Answer ️️ -Commission is only controlled by law under two situations. One being the Real Property Loan Law and... Real Property Loan Law - Correct Answer ️️ -Commission is only controlled by law under two situations. One being If property is sold while in probate and... agent of the broker - Correct Answer ️️ -The Broker is the Agent of the seller. The salesp...

CALIFORNIA REAL ESTATE EXAM MULTIPLE CHOICE EXAM 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A||EVERYTHING YOU NEED TO PASS CALIFORNIA REAL ESTATE EXAM IN ONE DOCUMENT

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. correct answers d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA correct answers c. MIP/MMI ...

California Real Estate Exam #2 Questions and Answers 100% Pass The maximum commission a broker may charge for the sale of residential property is: (a) set forth in the Real Estate Law. (b) determined by the broker's contract with his principal. (c) six percent of the total sales price of a residence. (d) determined by local custom. - Correct Answer ️️ -B There is currently no law which controls what amount may be charged by the broker. Therefore, it is set by agreement between the p...

California Broker Real Estate Exam Questions with 100% Correct Answers Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? - Correct Answer ️️ -Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed ...

California Real Estate Exam Questions and Answers 100% Pass In reference to Property Taxes, "basis" or "cost" is - Correct Answer ️️ -Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Correct Answer ️️ -Separate interest How are common interests in a condo owned? - Correct Answer ️️ -Equally in undivided interest Subdivided Land Laws refer to - Correct Answer ️️ -Subdivisions of 5+ parcels on 160 acres, regulated marketing & financin...

In reference to Property Taxes, "basis" or "cost" is correct answers Purchase price of prop plus cost of improvements. How is a condominium unit owned? correct answers Separate interest How are common interests in a condo owned? correct answers Equally in undivided interest Subdivided Land Laws refer to correct answers Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for ...

All of the following are ways by which an offer to purchase real estate would be terminate, except correct answers 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 correct answers Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make the application to correct an...

California Real Estate Exam Multiple Choice Questions and answers( 100% verified answers)latest update

CALIFORNIA REAL ESTATE EXAM REAL EXAM 2023/2024 2 DIFFERENT VERSIONS EACH CONTAINS 150 MULTIPLE CHOICE QUESTIONS AND DETAILED ANSWERS FOR GUARANTEED PASS|GRADED A