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Real Estate Final Exam - 100 Questions and answers

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Real Estate Final Exam - 100 Questions and answers

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Real Estate Fi
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Real Estate Fi

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Subido en
7 de agosto de 2024
Número de páginas
16
Escrito en
2024/2025
Tipo
Examen
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Real Estate Final Exam - 100 Questions and
answers
Zoning is under the control of: - government agencies.



A contract that is binding and enforceable in a court of law is said to be: - valid.



Escrows base monthly prorations on how many days? - 30



The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - 5,000 sq. ft.



For about how much assessed value is the Homeowner's Property Tax Exemption?
- $7,000



Misuse of the real estate appraisal report or coercion of the appraiser are now: -
federal felonies.



A person who is authorized by the Secretary of State to witness the
acknowledgement of documents is known as a(n): - notary public.



A broker who mixes personal funds with his or her principal's funds is guilty of: -
commingling.

,Real Estate Final Exam - 100 Questions and
answers

Real property consists of: - land and structures on the land

anything incidental to the land

anything appurtenant to the land



Which of the following is NOT one of the forces that affect the value of a
neighborhood? - Past sales considerations



The federal civil rights law that applies to people with disabilities and protects
them from discrimination is the: - Americans with Disabilities Act



When prices rise due to shortages of available properties, it is known as a: -
seller's market.



Other than the initial small deposit to open the account, when are money
deposits the personal property of the broker? - Never



Which "American" title insurance is usually requested by lenders? - ALTA policy

, Real Estate Final Exam - 100 Questions and
answers
Which of the following is a requirement of a lease? - length of lease

amount of rent

names of parties



Which of the following is NOT an essential element of a real estate contract? -
Cash



The California Department of Veteran's Affairs loan program is commonly known
as the: - CalVet Program.



The market data method (comparison approach) is the most common approach
for: - houses

condos

vacant land



What is the section in the Residential Listing Agreement (Exclusive Authorization
and Right to Sell) that can entitle a broker to a commission even after the
termination of the listing? - Safety Clause
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