Real Estate Salesperson California State Exam
(Latest Update ) Questions & Answers
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Terms in this set (149)
When rent is computed on Percentage Lease
the gross sales of a
business occupying real
property, the lease is
correctly termed:
What is not an adequate Executive Sale
method of transferring
property?
What is considered Existing Mortgage
personal property?
$80,000
If an income property is
$100,000 Value of Property
valued at $100,000 based
x 0.08 Capitalization Rate
on an 8% capitalization
=$8,000 Net Income
rate, what would be the
value of the property if a
$8,000 Net Income
10% return is required:
÷ 0.10 of Return
=$80,000 Value of Property
,The value of the best Regression
property in the
neighborhood will be
adversely affected by the
presence of comparatively
substandard property is a
statement relating to value
and is know as the
Principle of:
Which of the following Mutual consent of the parties
actions or events would
result in the termination of
a sales escrow:
The measure of goods Gross National Product
and services produced by
the nation during any one
calendar year is the
definition of which of the
following:
An easement on real A release signed by the holder of the dominant
property can be tenement
terminated by:
An appraiser's narrative The type of financing available
appraisal report of a
single-family residence
probably would contain
no reference to:
, When identical or highly Substitution
similar properties are
offered for sale, the
property offered at the
lower price attracts the
greatest demand. That
statement is an illustration
of which of the following
principles of appraising:
When the public records An abstract of title
have been examined in
order to determine the
chain of title to a parcel of
real property, a written
summary of that chain of
title is known as:
The remedy of unlawful Lessors
detainer action is used by
offended:
Freehold estates would A life estate
include which of the
following:
If a lender accepts a deed Will assume any junior liens
in lieu of foreclosure from
a trustor, the lender:
Which of the following It's secured by real estate and given to a third party to
would usually be true obtain a cash loan
concerning a hard money
second trust deed:
(Latest Update ) Questions & Answers
| 100% Correct | Grade A
Save
Terms in this set (149)
When rent is computed on Percentage Lease
the gross sales of a
business occupying real
property, the lease is
correctly termed:
What is not an adequate Executive Sale
method of transferring
property?
What is considered Existing Mortgage
personal property?
$80,000
If an income property is
$100,000 Value of Property
valued at $100,000 based
x 0.08 Capitalization Rate
on an 8% capitalization
=$8,000 Net Income
rate, what would be the
value of the property if a
$8,000 Net Income
10% return is required:
÷ 0.10 of Return
=$80,000 Value of Property
,The value of the best Regression
property in the
neighborhood will be
adversely affected by the
presence of comparatively
substandard property is a
statement relating to value
and is know as the
Principle of:
Which of the following Mutual consent of the parties
actions or events would
result in the termination of
a sales escrow:
The measure of goods Gross National Product
and services produced by
the nation during any one
calendar year is the
definition of which of the
following:
An easement on real A release signed by the holder of the dominant
property can be tenement
terminated by:
An appraiser's narrative The type of financing available
appraisal report of a
single-family residence
probably would contain
no reference to:
, When identical or highly Substitution
similar properties are
offered for sale, the
property offered at the
lower price attracts the
greatest demand. That
statement is an illustration
of which of the following
principles of appraising:
When the public records An abstract of title
have been examined in
order to determine the
chain of title to a parcel of
real property, a written
summary of that chain of
title is known as:
The remedy of unlawful Lessors
detainer action is used by
offended:
Freehold estates would A life estate
include which of the
following:
If a lender accepts a deed Will assume any junior liens
in lieu of foreclosure from
a trustor, the lender:
Which of the following It's secured by real estate and given to a third party to
would usually be true obtain a cash loan
concerning a hard money
second trust deed:
