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Examen

DRE Salesperson Exam Questions and correct Answers 2025/2026 / Verified Answers / Already Graded A+

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DRE Salesperson Exam Questions and correct Answers 2025/2026 / Verified Answers / Already Graded A+

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DRE salesperson

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Subido en
27 de mayo de 2025
Número de páginas
23
Escrito en
2024/2025
Tipo
Examen
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DRE Salesperson Exam Questions and
correct Answers 2025/2026 / Verified
Answers / Already Graded A+
How many baseline and meridian systems in CA? - ANS -3

A resident of Nebraska who owns property in CA dies while in Vermont. The probate
procedures for this property are in? - ANS -CA

In the order in which they are to occur, the three steps of agency discosure are? - ANS
-disclose, elect, confirm

The value of a residential property is best measured by which of the following groups of
characteristics? - ANS -Demand, utility, scarcity, and transferability

Collateralized loan - ANS -A loan secured by another loan, rather than a property

Excess Land - ANS -Used for practical purposes such as storage

Frank leased a property to Chester. Chester gave Mark an easement over the property. At
the end of the lease term: - ANS -the easement may not extend beyond the term of
Chester's lease

In a newspaper advertisment, Annual percentage rate (APR) - ANS -May stand alone as
financial info without providing any additional financial info

When a lease is for a period greater than one year, the contract does not require the
signature of - ANS -Does not requiree the signature of the owner, only the tenant

A landlord is required to provide a copy of the written lease to the tenant within: - ANS
-15 calendar days

In an escrow statement, "recurring costs" refers to - ANS -Impound account items

A subdivider needs to give a copy of the real estate commisionners public report to: -
ANS -Anyone upon request

Quiet title: - ANS -A court action to clear clouds on the title of a property.

,FHAs and mortgage - ANS -The FHA insures mortgages but DOES NOT fund them

The existance of a military establishment that contains explosives needs to be disclosed
if it is located within how miles of the property? - ANS -1 mile

Option adjustable rate mortgatge (ARM) - ANS -has negative amortization, meaning that
the monthly payments are less than the interest accruing

Executor/Executrix - ANS -as a testator or person making a will, you are allowed to
designate an executor or executrix as the representative to carry out your will when you
die.

If the Real Estate Commissioner feels the need to retract approval of a subdivision... -
ANS -they issue a desist and refrain order

Appraising a multi-million dollar home requires: - ANS -A certified residential license and
a certified general license

The calendar date that is of most concern to an appraiser is the date: - ANS -The date
That the purchase contract was signed

How long does an easement last when no termination or date length is stated? - ANS
-Perpeuity

Civil rights act of 1968 - ANS -Outlawed sexual discrimination in house sales and rentals

How does a mortgage provide the most protection to an owner in property default - ANS
-A mortgage requires judicial foreclosure and thus offers the greatest protection as the
owner is provided a longer period of time to cure the default

The rumsford act - ANS -Denies discrimination to one to four residential properties as
well as vacant land designed for residential use
(rumsford-racist)

Escheat - ANS -The STATE GOV takes property upon an owners death if there is no will
& no heirs exist.

Usage of the Sales Comparison Approach - ANS -The most commonly used appraisal
method to value RAW LAND since it neither has an improvement cost nor an income
generated

Mandatory disclosures and fees - ANS -They are mandatory and thus a lender cannot
charge a borrower a separate fee for the preparation of these required mortgage forms

, Excess land* - ANS -Cannot be being used for practical purposes

Avulsion - ANS -sudden removal of land by water. typically from a flood.

A writ of execution is issued for a - ANS -Sheriff's sale

A northeast 1/4 of a section contains - ANS -160 acres

eminent domain - ANS -The power of the state to seize private property, and thus is an
involuntary transfer

Alienation - ANS -Refers to the transfer of an interest in a property

If the lender accepts a deed in lieu of foreclosure, the lender... - ANS -Accepts any junior
liens

Assignment of Rents Clause - ANS -Allows the beneficiary (lender) to receive the rents
tendered by tenants when the borrower is in default

If a licensees name is on a list of obligors who have not complied with court ordered
payment of child support, the licensees renewal application will... - ANS -renew as a
temporary license, but the debt must be paid within 150 days

Under real estate law, how is a real estate salesperson under contract - ANS -As an
employee of the broker

What will title insurance policies NOT insure against? - ANS -Zoning or regulation
dispute

appurtenance - ANS -Something that is installed in or sits on property. Ex) swimming
pools and fences

Trade Fixtures - ANS -personal property used in a business and can be removed by the
lessee when the lease terminates. (different than an appurtenance because it is personal
property)

An unlicensed assistant can properly... - ANS -prepare a competitive market analysis for
a prospect

When is an easement terminated? - ANS -When the parcels are combined under one
ownership

Laches - ANS -An unreasonable delay in making assertion or claim
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