Real Estate Principles Final Exam:
Questions & Answers: Updated A+ Score
Solution.
/. Anything that is fastened or attached to real property permanently is considered to be:
- Answer-✅Real Property
/.A quitclaim deed releases all present claims, rights and title of the: - Answer-✅Grantor
/.When a creditor wants to satisfy a judgement which was levied against another
person, the creditor would: - Answer-✅Obtain a writ of execution
/.Before a mechanics lien is effective it must be: - Answer-✅Verified and recorded
/.Discrimination by a real estate licensee based on race is: - Answer-✅A violation of the
regulations of the Real Estate Commissioner, against public policy, and unethical
/.Upon the signing of a real property sales contract: - Answer-✅An equitable title
passes to purchaser
/.All California Real Estate Laws are created by: - Answer-✅Acts of the legislature
/.The 36 sections in a township are numbered from 1 through 36. Section 1 is located in
the: - Answer-✅Northeast corner
/.Which of the following would be a discriminatory act under the Commissioner's
Regulations? - Answer-✅Posting a sign on the property indicating a preference for
female renters, designing an ad for general circulation appealing to persons of a specific
religion to purchase within a given area, and refusing to list a property in an area
occupied by persons of a race other than the licensee.
/.The type of interest usually charged on home loans is: - Answer-✅Simple
/.A landowner is notified by a railroad company that it plans to cross his property with a
railroad line. If the landowner refuses, the railroad company can proceed by the use of: -
Answer-✅Eminent domain
/.Title to real property that is transferred by a will is considered: - Answer-✅A devise
, /.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 broker was offered
$400 per acre for the land. If the broker accepts the offer he: - Answer-✅Will be acting
in an acceptable manner
/.The words "procuring cause" would have an important meaning to which of the
following? - Answer-✅A disputed over commission on an open listing
/.Which of the following is not an essential element of a contract? - Answer-
✅Performance
/.Under the Street Improvement Act of 1911, the city is authorized to assess each owner
for the work completed. These improvements are assessed on the basis of: - Answer-
✅Front footage
/.The real estate tax fiscal year is for the period: - Answer-✅July 1 to July 1
/.The landmark case of the United States Supreme Court which prohibited
discrimination in housing was: - Answer-✅Jones vs. Mayer
/.Most real estate syndicates that have been created in California have taken the form of
a: - Answer-✅Limited partnership
/.Under the California Veterans Home and Farm Purchase Act of 1974, the purchaser
acquired possession through a: - Answer-✅Land Contract
/.Which of the following has the control over the approval of a subdivision under the
Subdivision Map Act? - Answer-✅Planning Commission
/.A grant deed: - Answer-✅Warrants that the property has not been previously
conveyed by the grantor
/.When an appraiser analyzes the rent while using the income approach, he should
base his appraisal on which of the following characteristics of the income? - Answer-
✅Durability, quality, and quantity
/.An income property was appraised for the $100,000 based on a 6% capitalization rate.
If an investor used an 8% capitalization rate, the property would be: - Answer-✅$75,000
/.Which of the following appraisal reports would be the most comprehensive and
complete? - Answer-✅Narrative
/.Once an abstract of judgment is recorded it remains a lien on all real property for: -
Answer-✅Ten years
Questions & Answers: Updated A+ Score
Solution.
/. Anything that is fastened or attached to real property permanently is considered to be:
- Answer-✅Real Property
/.A quitclaim deed releases all present claims, rights and title of the: - Answer-✅Grantor
/.When a creditor wants to satisfy a judgement which was levied against another
person, the creditor would: - Answer-✅Obtain a writ of execution
/.Before a mechanics lien is effective it must be: - Answer-✅Verified and recorded
/.Discrimination by a real estate licensee based on race is: - Answer-✅A violation of the
regulations of the Real Estate Commissioner, against public policy, and unethical
/.Upon the signing of a real property sales contract: - Answer-✅An equitable title
passes to purchaser
/.All California Real Estate Laws are created by: - Answer-✅Acts of the legislature
/.The 36 sections in a township are numbered from 1 through 36. Section 1 is located in
the: - Answer-✅Northeast corner
/.Which of the following would be a discriminatory act under the Commissioner's
Regulations? - Answer-✅Posting a sign on the property indicating a preference for
female renters, designing an ad for general circulation appealing to persons of a specific
religion to purchase within a given area, and refusing to list a property in an area
occupied by persons of a race other than the licensee.
/.The type of interest usually charged on home loans is: - Answer-✅Simple
/.A landowner is notified by a railroad company that it plans to cross his property with a
railroad line. If the landowner refuses, the railroad company can proceed by the use of: -
Answer-✅Eminent domain
/.Title to real property that is transferred by a will is considered: - Answer-✅A devise
, /.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 broker was offered
$400 per acre for the land. If the broker accepts the offer he: - Answer-✅Will be acting
in an acceptable manner
/.The words "procuring cause" would have an important meaning to which of the
following? - Answer-✅A disputed over commission on an open listing
/.Which of the following is not an essential element of a contract? - Answer-
✅Performance
/.Under the Street Improvement Act of 1911, the city is authorized to assess each owner
for the work completed. These improvements are assessed on the basis of: - Answer-
✅Front footage
/.The real estate tax fiscal year is for the period: - Answer-✅July 1 to July 1
/.The landmark case of the United States Supreme Court which prohibited
discrimination in housing was: - Answer-✅Jones vs. Mayer
/.Most real estate syndicates that have been created in California have taken the form of
a: - Answer-✅Limited partnership
/.Under the California Veterans Home and Farm Purchase Act of 1974, the purchaser
acquired possession through a: - Answer-✅Land Contract
/.Which of the following has the control over the approval of a subdivision under the
Subdivision Map Act? - Answer-✅Planning Commission
/.A grant deed: - Answer-✅Warrants that the property has not been previously
conveyed by the grantor
/.When an appraiser analyzes the rent while using the income approach, he should
base his appraisal on which of the following characteristics of the income? - Answer-
✅Durability, quality, and quantity
/.An income property was appraised for the $100,000 based on a 6% capitalization rate.
If an investor used an 8% capitalization rate, the property would be: - Answer-✅$75,000
/.Which of the following appraisal reports would be the most comprehensive and
complete? - Answer-✅Narrative
/.Once an abstract of judgment is recorded it remains a lien on all real property for: -
Answer-✅Ten years
