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National Real Estate Exam Preparation Questions with Correct Answers. Unilateral Contract - Correct Answer-Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract - Correct Answer-Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal - Correct Answer-A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer - Correct Ans...

Champions School of Real Estate - Exam Prep Test Questions with Exact Answers. Buyer Representation Agreement - Correct Answer-An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency - Correct Answer-Agency as a result of customary, usual or typical conditions Broker - Correct Answer-A properly licensed party who serves a principal in an agency relationship- also called an agent Client - Correct Answer-A party represented by a broker in an agency re...

California Real Estate Final Exam Study guide Chapter 1 Aceable Agent Test Questions and Answers. Most California Real Estate Law originally came from - Ans-C - English Common Law Reliance on previous decisions is best describe as? - Ans-B- Stare DECISIS Our system of statutes in California could best be described as - Ans-A- Civil Law The equal credit opportunity act is best describe as - Ans-C- Civil Law The power of eminent domain is based on which amendment to the U.S Constitu...

Easy To Pass-California Real State Exam Test Questions With Solved Solutions. What would be used to transfer the title of personal property? - Correct Answer-Bill of sale What is the key advantage of an installment sale for federal income tax reasons? - Correct Answer-The gain realized will be taxed in the year was received. When parties of two or more own property as tenants in common each one - Correct Answer-Has the right to Possession of the entire property Why can a corporation ...

Certified CA Real Estate Exam Test Questions with Exact Answers. 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: - Ans-Place 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: - Ans-A foreclosure by one of the joint tenants. One of the joint tenants transfer...

Detailed California Real Estate Exam CH 1-15 Questions with Accurate Answers 2024. Mikela wants to research and study the requirements for the California Real Estate Examination Test. Where can she find the exam's purpose and requirements? - Correct Answer-California Business and Professions Code Section 10153 Marc needs to score 12 points higher on the California State Licensing exam this time to earn a passing score. What was his initial exam score? - Correct Answer-Marc's initia...

Comprehensive California Real Estate Express Exam Prep Questions with Correct Answers. The right to control one's property includes all of the following EXCEPT 1 the right to invite people on the property. 2 the right to exclude the utilities meter reader. 3 the right to erect "no trespassing" signs. 4 the right to enjoy pride of ownership. - Correct Answer-the right to exclude the utilities meter reader. This right to enter and work on a property is granted to u...

California Real Estate- Course 1 Exam Preparation Questions and Answers . What does a seller's market mean? - Correct Answer-Demand exceeds housing supply; sellers have negotiating advantage; prices typically rise What is a buyer's market? - Correct Answer-Housing supply exceeds demand; buyers have negotiating advantage; prices typically fall What is meant by a balanced market? - Correct Answer-Supply and demand are roughly equal; prices are stable Name 6 career choices in real...

Chapter 1 Real Estate State Exam Prep Practice Questions with Exact Answers. DRE - Correct Answer-A government entity which oversees, regulates, administers and enforces California real estate law as practiced by licensees. The first component of real estate is land, which includes: - Correct Answer-Soil, Rocks, and reasonable airspace above earth The northeast 1/4 of a section contains: - Correct Answer-640 acres in a section. Divide this by four to find the area of a quarter section...

Real Estate Prep for State Exam – California- Revision Questions with Correct Answers 2024. All of the following about an estate for years is true, except: a) It automatically terminates when the lease term expires, no notice is required from either party b) It must have a term lasting at least a year c) It must have a fixed term. d) It can only be established by express agreement. - Correct Answer-b: It must have a term lasting at least a year An estate for years — aka, a term...