REAL ESTATE PRINCIPLES EVALUATION EXAM 2025/2026
QUESTIONS WITH ANSWERS RATED A+
✔✔Employer-employee - ✔✔According to real estate licensing law, for supervising
purposes, the relationship between a salesperson and a broker is
✔✔Negotiable - ✔✔Real estate commissions are.
✔✔Seller financing addendum and disclosure statement. - ✔✔The sellers have
accepted an offer in which they agreed to carry a second trust deed. What contract
should be provided to the seller to be sure all the required information is available to
them to enter into this type of agreement
✔✔Ordinances - ✔✔Explosive devices near residential properties are referred to as
✔✔4 smoke alarms - ✔✔A newly constructed, three bedroom, one story house would
typically have?
✔✔When buyer receives proper communication of sellers acceptance - ✔✔Buyer
makes a written bonafide offer to purchase, and seller signs the acceptance. A contract
is first created when?
✔✔Residential purchase agreement - ✔✔The potential existence of gas and hazardous
liquid transmission lines are disclosed in the?
✔✔Voidable - ✔✔A real estate broker taxes an exclusive right to sell listing from a seller
for $400,000. A buyer makes an offer for $375,000, which the seller accepts. Before the
sale closes, the buyer discovers that the broker misrepresented the sq footage of the
home. Based on the information, the purchase contract is probably?
✔✔Owner does not owe a commission. - ✔✔An owner gives ABC Realty an exclusive
agency listing for 60 days. Thirty days later the owner finds a buyer and sells the
property without the services of ABC realty. The owner?
✔✔Valid but the restriction is unenforceable - ✔✔A broker lists vacant land in Morongo
Valley. The seller gives the broker a copy of the deed. In the deed it states that this
property is not to be sold to "non-whites" this makes the deed...?
✔✔Offer to cooperate - ✔✔An owner lists a home for sale with XYZ realty, with
instructions to submit the listing to the multiple listing service and invite other brokers to
help find a buyer. This is an example of a(an)?
✔✔Optionor - ✔✔Under an option agreement, the grantor/owner of the property is the
, ✔✔Three years - ✔✔Brokers are required to keep copies of all transaction documents
for at least?
✔✔17 days - ✔✔Typically the buyer will have how many days to inspect and investigate
the property?
✔✔Rejects the offer - ✔✔A counter offer:
✔✔Repose - ✔✔Which is not an option of the seller when receiving an offer?
✔✔Payment of property taxes - ✔✔The major difference between obtaining an
easement by prescription or title by adverse possession would involve the:
✔✔Yes because there is no statute of limitations for removal of the tree branch. -
✔✔Mr. Rodriguez has a neighbor with a huge tree. One of its branches is growing over
the fence into Mr. Rodriguez's yard. The leafs that fall off the branch and wind up in the
pool located on Mr. Rodriguez's property. This has been a problem for several years.
Now Mr. Rodriguez is wondering if he can bring an action for removal of the tree
branch, even though it has been more than five years.
✔✔General - ✔✔A judgement is considered to be what type of lien?
✔✔$20,000 - ✔✔The mortgage loan broker law does not apply to first loans of $30,000
or more and second deed of trust loans of?
✔✔Assume the note and trust deed - ✔✔An owner sells and the buyer takes over the
existing loan. To relieve the seller of primary liability, the buyer must?
✔✔Acquisition - ✔✔Which of the following words expresses a meaning most completely
opposite to the term "alienation"?
✔✔Life insurance company - ✔✔Which of the following is an institutional lender
✔✔Buyer
Seller
Broker - ✔✔A sellers financial disclosure statement must be signed by the?
✔✔Her salary from her job, alimony, and child support - ✔✔Sylvia wants to purchase a
home. She is recently divorced and is receiving alimony for the next ten years in
addition to child support for her three year old son. She has been in her present job for
five years. What sources of income can she include in her loan application?
✔✔Life insurance companies - ✔✔Which of the following are major types of California
lenders?
QUESTIONS WITH ANSWERS RATED A+
✔✔Employer-employee - ✔✔According to real estate licensing law, for supervising
purposes, the relationship between a salesperson and a broker is
✔✔Negotiable - ✔✔Real estate commissions are.
✔✔Seller financing addendum and disclosure statement. - ✔✔The sellers have
accepted an offer in which they agreed to carry a second trust deed. What contract
should be provided to the seller to be sure all the required information is available to
them to enter into this type of agreement
✔✔Ordinances - ✔✔Explosive devices near residential properties are referred to as
✔✔4 smoke alarms - ✔✔A newly constructed, three bedroom, one story house would
typically have?
✔✔When buyer receives proper communication of sellers acceptance - ✔✔Buyer
makes a written bonafide offer to purchase, and seller signs the acceptance. A contract
is first created when?
✔✔Residential purchase agreement - ✔✔The potential existence of gas and hazardous
liquid transmission lines are disclosed in the?
✔✔Voidable - ✔✔A real estate broker taxes an exclusive right to sell listing from a seller
for $400,000. A buyer makes an offer for $375,000, which the seller accepts. Before the
sale closes, the buyer discovers that the broker misrepresented the sq footage of the
home. Based on the information, the purchase contract is probably?
✔✔Owner does not owe a commission. - ✔✔An owner gives ABC Realty an exclusive
agency listing for 60 days. Thirty days later the owner finds a buyer and sells the
property without the services of ABC realty. The owner?
✔✔Valid but the restriction is unenforceable - ✔✔A broker lists vacant land in Morongo
Valley. The seller gives the broker a copy of the deed. In the deed it states that this
property is not to be sold to "non-whites" this makes the deed...?
✔✔Offer to cooperate - ✔✔An owner lists a home for sale with XYZ realty, with
instructions to submit the listing to the multiple listing service and invite other brokers to
help find a buyer. This is an example of a(an)?
✔✔Optionor - ✔✔Under an option agreement, the grantor/owner of the property is the
, ✔✔Three years - ✔✔Brokers are required to keep copies of all transaction documents
for at least?
✔✔17 days - ✔✔Typically the buyer will have how many days to inspect and investigate
the property?
✔✔Rejects the offer - ✔✔A counter offer:
✔✔Repose - ✔✔Which is not an option of the seller when receiving an offer?
✔✔Payment of property taxes - ✔✔The major difference between obtaining an
easement by prescription or title by adverse possession would involve the:
✔✔Yes because there is no statute of limitations for removal of the tree branch. -
✔✔Mr. Rodriguez has a neighbor with a huge tree. One of its branches is growing over
the fence into Mr. Rodriguez's yard. The leafs that fall off the branch and wind up in the
pool located on Mr. Rodriguez's property. This has been a problem for several years.
Now Mr. Rodriguez is wondering if he can bring an action for removal of the tree
branch, even though it has been more than five years.
✔✔General - ✔✔A judgement is considered to be what type of lien?
✔✔$20,000 - ✔✔The mortgage loan broker law does not apply to first loans of $30,000
or more and second deed of trust loans of?
✔✔Assume the note and trust deed - ✔✔An owner sells and the buyer takes over the
existing loan. To relieve the seller of primary liability, the buyer must?
✔✔Acquisition - ✔✔Which of the following words expresses a meaning most completely
opposite to the term "alienation"?
✔✔Life insurance company - ✔✔Which of the following is an institutional lender
✔✔Buyer
Seller
Broker - ✔✔A sellers financial disclosure statement must be signed by the?
✔✔Her salary from her job, alimony, and child support - ✔✔Sylvia wants to purchase a
home. She is recently divorced and is receiving alimony for the next ten years in
addition to child support for her three year old son. She has been in her present job for
five years. What sources of income can she include in her loan application?
✔✔Life insurance companies - ✔✔Which of the following are major types of California
lenders?
