CA Real Estate Exam Study Questions and Answers

A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he purchased all three lots, what would be the front footage: A: 197; B: 189; C: 181; D: 176. A: 197; When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: A: A net lease; B: A gross lease; C: A voidable lease; D: A percentage lease. D: A percentage lease. If a man has a freehold estate, which of the following would result in his having a less-than-freehold estate: A: Sale and leaseback; B: Selling the mineral rights to a third party; C: Giving a leasehold interest for 5 years; D: Granting a life estate. A: Sale and leaseback; If a man leased a store for only six months, he would have an: A: Estate from period to period; B: Estate for years; C: Estate at will; D: Estate at sufferance. B: Estate for years; An easement differs from a license in that a license: A: Must be created by written instrument; B: Is of indefinite duration; C: May be assigned; D: May be revoked. D: May be revoked.