REAL ESTATE PRINCIPLES FINAL PAPER 2025/2026
QUESTIONS WITH ANSWERS RATED A+
✔✔The phrase in a loan contract that specifies "all due and payable upon the
happening of a certain event would be classified as: - ✔✔An acceleration clause
✔✔What is considered a quiet title action? - ✔✔Court action to remove a cloud on the
title
✔✔A corporation is prohibited from holding title to real property in California with any
one as a joint tenant bc: - ✔✔Perpetual existence
✔✔A trust deed and note on a conventional loan is held by: - ✔✔The Lending Institution
✔✔When a Cal-Vet wishes to purchase a home and use his or her California veterans
benefits he or she would make an application to the: - ✔✔Department of Veterans
Affairs
✔✔A real estate subdivider who resides in Hawaii is required to comply with various
laws if he wants to offer his property located in Hawaii for sale in California. The law that
he would be most concerned with would be the: - ✔✔California Real Estate Law
✔✔FHA has established certain MPR's that apply to loans that they insure. MPR is an
abbreviation for: - ✔✔Minimum Property Requirements
✔✔Under a construction loan, the final payment to the borrower is generally released
when the: - ✔✔Lien has expired
✔✔Recording a deed: - ✔✔Presumes delivery of the deed
✔✔An executrix of an estate is: - ✔✔Name in the decedent's will
✔✔When a broker advertises a listed property for sale, the broker may not legally use
an ad: - ✔✔That gives the impression that the broker is the owner of the property
✔✔An appraiser intends that the estimate of value as disclosed in his or her appraisal
report on a property be valid: - ✔✔As of the date of the appraisal only
✔✔State agency that is empowered to prevent acts of discrimination in housing
accommodations in California because of race, color, religion or national origin? -
✔✔dept of fair employment and housing
, ✔✔The person who most likely would make use of the legal remedy know as "Unlawful
Detainee" would be a - ✔✔Lessor
✔✔An estate in which a tenant who rightfully came into possession of a property and
who retains possession after the expiration of the term without consent of the landlord is
known as: - ✔✔An estate at sufferance
✔✔If the federal reserve wants to increase the amount of money available to member
banks to ease a tight money market it could: - ✔✔Lower the minimum reserves required
by its members
✔✔A restrictive covenant contained in a deed which prohibits sale to persons of a
particular race will: - ✔✔Have no effect in the conveyance and the covenant will not be
enforceable
✔✔A title plant is a - ✔✔Collection of real estate records
✔✔In a business partnership if one partner dies the surviving partner - ✔✔Becomes
exclusive manager of the partnership business and retains title of the partnership
property until he winds up the partnership business
✔✔Enforcement of the state housing law is accomplished through the: - ✔✔Local
building inspectors
✔✔ Anything that is fastened or attached to real property permanently is considered to
be: - ✔✔Real Property
✔✔A quit claim deed releases all present claims, rights and title of the: - ✔✔Grantor
✔✔When a creditor wants to satisfy a judgement which was levied against another
person, the creditor would: - ✔✔Obtain a writ of execution
✔✔Before a mechanics lien is effective it must be: - ✔✔Verified and recorded
✔✔Discrimination by a real estate licensee based on race is: - ✔✔1. A violation of the
regulations of the Real Estate Commissioner
2. Against public policy
3.Unethical
4. All of the above<--
✔✔Upon the signing of a real property sales contract: - ✔✔An equitable title passes to
purchaser
QUESTIONS WITH ANSWERS RATED A+
✔✔The phrase in a loan contract that specifies "all due and payable upon the
happening of a certain event would be classified as: - ✔✔An acceleration clause
✔✔What is considered a quiet title action? - ✔✔Court action to remove a cloud on the
title
✔✔A corporation is prohibited from holding title to real property in California with any
one as a joint tenant bc: - ✔✔Perpetual existence
✔✔A trust deed and note on a conventional loan is held by: - ✔✔The Lending Institution
✔✔When a Cal-Vet wishes to purchase a home and use his or her California veterans
benefits he or she would make an application to the: - ✔✔Department of Veterans
Affairs
✔✔A real estate subdivider who resides in Hawaii is required to comply with various
laws if he wants to offer his property located in Hawaii for sale in California. The law that
he would be most concerned with would be the: - ✔✔California Real Estate Law
✔✔FHA has established certain MPR's that apply to loans that they insure. MPR is an
abbreviation for: - ✔✔Minimum Property Requirements
✔✔Under a construction loan, the final payment to the borrower is generally released
when the: - ✔✔Lien has expired
✔✔Recording a deed: - ✔✔Presumes delivery of the deed
✔✔An executrix of an estate is: - ✔✔Name in the decedent's will
✔✔When a broker advertises a listed property for sale, the broker may not legally use
an ad: - ✔✔That gives the impression that the broker is the owner of the property
✔✔An appraiser intends that the estimate of value as disclosed in his or her appraisal
report on a property be valid: - ✔✔As of the date of the appraisal only
✔✔State agency that is empowered to prevent acts of discrimination in housing
accommodations in California because of race, color, religion or national origin? -
✔✔dept of fair employment and housing
, ✔✔The person who most likely would make use of the legal remedy know as "Unlawful
Detainee" would be a - ✔✔Lessor
✔✔An estate in which a tenant who rightfully came into possession of a property and
who retains possession after the expiration of the term without consent of the landlord is
known as: - ✔✔An estate at sufferance
✔✔If the federal reserve wants to increase the amount of money available to member
banks to ease a tight money market it could: - ✔✔Lower the minimum reserves required
by its members
✔✔A restrictive covenant contained in a deed which prohibits sale to persons of a
particular race will: - ✔✔Have no effect in the conveyance and the covenant will not be
enforceable
✔✔A title plant is a - ✔✔Collection of real estate records
✔✔In a business partnership if one partner dies the surviving partner - ✔✔Becomes
exclusive manager of the partnership business and retains title of the partnership
property until he winds up the partnership business
✔✔Enforcement of the state housing law is accomplished through the: - ✔✔Local
building inspectors
✔✔ Anything that is fastened or attached to real property permanently is considered to
be: - ✔✔Real Property
✔✔A quit claim deed releases all present claims, rights and title of the: - ✔✔Grantor
✔✔When a creditor wants to satisfy a judgement which was levied against another
person, the creditor would: - ✔✔Obtain a writ of execution
✔✔Before a mechanics lien is effective it must be: - ✔✔Verified and recorded
✔✔Discrimination by a real estate licensee based on race is: - ✔✔1. A violation of the
regulations of the Real Estate Commissioner
2. Against public policy
3.Unethical
4. All of the above<--
✔✔Upon the signing of a real property sales contract: - ✔✔An equitable title passes to
purchaser
