Real Estate Principles Final Exam Test Questions and
Answers Graded A+
Anything that is fastened or attached to real designing an ad for general circulation appealing
property permanently is considered to be: - to persons of a specific religion to purchase
ANSWER -Real Property within a given area, and refusing to list a property
in an area occupied by persons of a race other
than the licensee.
A quitclaim deed releases all present claims,
rights and title of the: - ANSWER -Grantor
The type of interest usually charged on home
loans is: - ANSWER -Simple
When a creditor wants to satisfy a judgement
which was levied against another person, the
creditor would: - ANSWER -Obtain a writ of A landowner is notified by a railroad company
execution that it plans to cross his property with a railroad
line. If the landowner refuses, the railroad
company can proceed by the use of: -
Before a mechanics lien is effective it must be: - ANSWER -Eminent domain
ANSWER -Verified and recorded
Title to real property that is transferred by a will is
Discrimination by a real estate licensee based on considered: - ANSWER -A devise
race is: - ANSWER -A violation of the
regulations of the Real Estate Commissioner,
against public policy, and unethical A real estate broker received 40 acres of land
valued at $300 per acre as a commission from
the seller. Two weeks after escrow closed, the
Upon the signing of a real property sales broker was offered $400 per acre for the land. If
the broker accepts the offer he: -
contract: - ANSWER -An equitable title
passes to purchaser ANSWER -Will be acting in an acceptable
manner
All California Real Estate Laws are created by: -
The words "procuring cause" would have an
ANSWER -Acts of the legislature
important meaning to which of the following? -
ANSWER -A disputed over commission on
The 36 sections in a township are numbered an open listing
from 1 through 36. Section 1 is located in the: -
ANSWER -Northeast corner
Which of the following is not an essential element
of a contract? - ANSWER -Performance
Which of the following would be a discriminatory
act under the Commissioner's Regulations? -
Under the Street Improvement Act of 1911, the
ANSWER -Posting a sign on the property
city is authorized to assess each owner for the
indicating a preference for female renters,
work completed. These improvements are
1/7
, Real Estate Principles Final Exam Test Questions and
Answers Graded A+
assessed on the basis of: - ANSWER - $100,000 based on a 6% capitalization rate. If an
Front footage investor used an 8% capitalization rate, the
property would be: - ANSWER -$75,000
The real estate tax fiscal year is for the period: -
ANSWER -July 1 to July 1 Which of the following appraisal reports would be
the most comprehensive and complete? -
ANSWER -Narrative
The landmark case of the United States
Supreme Court which prohibited discrimination in
housing was: - ANSWER -Jones vs. Mayer Once an abstract of judgment is recorded it
remains a lien on all real property for: -
ANSWER -Ten years
Most real estate syndicates that have been
created in California have taken the form of a: -
ANSWER -Limited partnership If a note in the amount of $22,250 specifies
monthly payments over a period of 30 years at
6.6% interest per annum, what is the first month's
Under the California Veterans Home and Farm interest payment? - ANSWER -$122.38
Purchase Act of 1974, the purchaser acquired
possession through a: - ANSWER -Land
Contract "Duress" is a term which is most closely
associated to matters concerning: -
ANSWER -Contracts
Which of the following has the control over the
approval of a subdivision under the Subdivision
Map Act? - ANSWER -Planning Which of the following statements is true with
Commission respect to an option? An option is: -
ANSWER -Valid if consideration is
delivered even if it is less than $10
A grant deed: - ANSWER -Warrants that
the property has not been previously conveyed
by the grantor The term "Realtor" is a trade name and only
persons who are members of which of the
following organizations have the right to use the
When an appraiser analyzes the rent while using term? - ANSWER -National Association of
the income approach, he should base his Realtors
appraisal on which of the following
characteristics of the income? - ANSWER -
Durability, quality, and quantity The California State Agency that governs the
issuance of liquor licenses is the: -
ANSWER -State Franchise Tax Board
An income property was appraised for the
2/7
Answers Graded A+
Anything that is fastened or attached to real designing an ad for general circulation appealing
property permanently is considered to be: - to persons of a specific religion to purchase
ANSWER -Real Property within a given area, and refusing to list a property
in an area occupied by persons of a race other
than the licensee.
A quitclaim deed releases all present claims,
rights and title of the: - ANSWER -Grantor
The type of interest usually charged on home
loans is: - ANSWER -Simple
When a creditor wants to satisfy a judgement
which was levied against another person, the
creditor would: - ANSWER -Obtain a writ of A landowner is notified by a railroad company
execution that it plans to cross his property with a railroad
line. If the landowner refuses, the railroad
company can proceed by the use of: -
Before a mechanics lien is effective it must be: - ANSWER -Eminent domain
ANSWER -Verified and recorded
Title to real property that is transferred by a will is
Discrimination by a real estate licensee based on considered: - ANSWER -A devise
race is: - ANSWER -A violation of the
regulations of the Real Estate Commissioner,
against public policy, and unethical A real estate broker received 40 acres of land
valued at $300 per acre as a commission from
the seller. Two weeks after escrow closed, the
Upon the signing of a real property sales broker was offered $400 per acre for the land. If
the broker accepts the offer he: -
contract: - ANSWER -An equitable title
passes to purchaser ANSWER -Will be acting in an acceptable
manner
All California Real Estate Laws are created by: -
The words "procuring cause" would have an
ANSWER -Acts of the legislature
important meaning to which of the following? -
ANSWER -A disputed over commission on
The 36 sections in a township are numbered an open listing
from 1 through 36. Section 1 is located in the: -
ANSWER -Northeast corner
Which of the following is not an essential element
of a contract? - ANSWER -Performance
Which of the following would be a discriminatory
act under the Commissioner's Regulations? -
Under the Street Improvement Act of 1911, the
ANSWER -Posting a sign on the property
city is authorized to assess each owner for the
indicating a preference for female renters,
work completed. These improvements are
1/7
, Real Estate Principles Final Exam Test Questions and
Answers Graded A+
assessed on the basis of: - ANSWER - $100,000 based on a 6% capitalization rate. If an
Front footage investor used an 8% capitalization rate, the
property would be: - ANSWER -$75,000
The real estate tax fiscal year is for the period: -
ANSWER -July 1 to July 1 Which of the following appraisal reports would be
the most comprehensive and complete? -
ANSWER -Narrative
The landmark case of the United States
Supreme Court which prohibited discrimination in
housing was: - ANSWER -Jones vs. Mayer Once an abstract of judgment is recorded it
remains a lien on all real property for: -
ANSWER -Ten years
Most real estate syndicates that have been
created in California have taken the form of a: -
ANSWER -Limited partnership If a note in the amount of $22,250 specifies
monthly payments over a period of 30 years at
6.6% interest per annum, what is the first month's
Under the California Veterans Home and Farm interest payment? - ANSWER -$122.38
Purchase Act of 1974, the purchaser acquired
possession through a: - ANSWER -Land
Contract "Duress" is a term which is most closely
associated to matters concerning: -
ANSWER -Contracts
Which of the following has the control over the
approval of a subdivision under the Subdivision
Map Act? - ANSWER -Planning Which of the following statements is true with
Commission respect to an option? An option is: -
ANSWER -Valid if consideration is
delivered even if it is less than $10
A grant deed: - ANSWER -Warrants that
the property has not been previously conveyed
by the grantor The term "Realtor" is a trade name and only
persons who are members of which of the
following organizations have the right to use the
When an appraiser analyzes the rent while using term? - ANSWER -National Association of
the income approach, he should base his Realtors
appraisal on which of the following
characteristics of the income? - ANSWER -
Durability, quality, and quantity The California State Agency that governs the
issuance of liquor licenses is the: -
ANSWER -State Franchise Tax Board
An income property was appraised for the
2/7
