Mastersgrade

A court order prohibiting an act from being done is a(n): (a) injunction. (b) judgment. (c) attachment. (d) estoppel. - ANSWERSA What appraisal approach do you use when appraising vacant land? - ANSWERSSales Comparison Approach Value is best defined as - ANSWERSPresent worth of future benefits Which of the following would NOT be a valid reason for the seller to terminate a listing? (a) The broker had his/her license revoked (b) The seller declared bankruptcy (c) The broker wa...

A violation of a condition is more severe than a covenant and might result in the loss of title. - ANSWERSWhich of the following statements regarding deed restrictions is TRUE? Continue with the escrow - ANSWERSShortly after a valid escrow is established, both the buyer and seller die. What should the escrow agent do? 3 days - ANSWERSA buyer signs the purchase agreement and the seller accepts. The agent personally delivers acceptance of the offer to the buyer and also drops off the seller...

1. A real property security endorsement is valid for: a. as long as the broker's license is valid, and it needs no further endorsement. b. multiples of 4 years. c. one year. d. the term of the broker's license to which the endorsement is affixed. - ANSWERd. the term of the broker's license to which the endorsement is affixed. 2. A conventional loan would differ from an FHA loan in that the conventional loan would have: a. lower monthly payments. b. lower interest rates. c. lower...

Licensee A has out-of-town relatives come to visit and he shows them several listings. He ends up helping them rent a property with an option to purchase. He should make a disclosure to: - ANSWERThe Seller Which of the following cannot obtain a broker's license? - ANSWERPartnership A person who had leased a property for three years had to move out of state before the lease expired. In reading the lease, there was no mention of either subleasing or assigning the lease. The lessee: - ANSWER...

covenant of warranty - ANSWERSA promise in a deed that the grantor will guarantee and defend the title against lawful claimants. They're dividing the property proportionally so that each co-owner becomes sole owner of a portion. - ANSWERSWhen co-owners of a property decide to partition the property, what does it mean? Preliminary report - ANSWERSWhich document is used to give a buyer an overview of the title history and information about what is or isn't covered in an insurance policy? ...

If an attorney has general powers, he can do all of he following, except: - ANSWERSDeal in the principal's real property without recording the power of attorney In addition to the Real Estate Commissioner, the Real Estate Advisory Commission consists of: - ANSWERSTen members An attorney-in-fact is: - ANSWERSAny legally competent person who has received a power of attorney from another person An owner of a single-family residence sold his home with the aid of an unlicensed person. If th...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser There is no such thing as a licensed managing appraiser. Certified residential appraisers are the 4th level of appraiser. California Real Estate Law requires that every applicant for a real estate bro...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser There is no such thing as a licensed managing appraiser. Certified residential appraisers are the 4th level of appraiser. California Real Estate Law requires that every applicant for a real estate bro...

The main historical influence on law in the united sttes was - ANSWERSEnglish Law When one individual sues another, the lawsuit is called - ANSWERSa civil action The primary purpose of most civil laws is to - ANSWERScompensate a person who has been harmed A person who commits tort - ANSWERShas violated the standards of reasonable conduct imposed by law Which of the following would be more likely to issue an ordnace - ANSWERSThe pasadena city council Codification refers to - ANSWER...

A promissory note is: a. evidence of the debt b. evidence of a sale c. a security interest in the property for the lender d. the same as a mortgage or trust deed - ANSWERa. evidence of the debt In order to be considered an emancipated minor and have the capacity to contract, a minor must: a. be married, widowed, or divorced; have entered military service on active duty; or have received a declaration of emancipation from a court b. just state that he is an emancipated minor c....

lease - ANSWERSAn agreement transferring the right to exclusive possession and use of real estate for a definite period of time. To create a valid lease, the landlord (lessor) must grant the right of possession to the tenant (lessee) but retain the right to retake possession after the lease term expires. leasehold - ANSWERSThe right to hold or use property for a fixed period of time at a given price, without transfer of ownership, on the basis of a lease contract. A leasehold is a fixed asset...

Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that: A agency may be an expressed contract. B the principal must pay money to the agent to create an agency relationship. C agency may be an implied contract. D the agreement may be in writing or oral - ANSWERSthe principal must pay money to the agent to create an agency relationship. Which of the following is closest to the same relationship a...

Contract - ANSWERan agreement between parties creating obligations enforceable by law Express Contract - ANSWERis written or expressly stated Implied Contract - ANSWERCreated by action or evidence Unilateral Contract - ANSWERbinds one party Bilateral Contract - ANSWERan exchange of promise that binds both parties Items needed for a valid contract: (COLIC) - ANSWERConsideration Offer and Acceptanceterm-5 Legal parties In Writing Competent Parties Consideration: - ANSWERwhat ...

You see a flashing yellow traffic signal at an upcoming intersection. The flashing yellow light means : - ANSWERSSlow down and cross the intersection carefully. A solid yellow line next to a broken yellow line means that vehicles: - ANSWERSNext to the broken line may pass. You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is: - ANSWERS15 mph When you are merging onto the freeway, you should be...

You may drive off the paved roadway to pass another vehicle - ANSWERSunder no circumstances You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is - ANSWERS15 MPH When parking your vehicle parallel to the curb on a level street your wheels must be within [blank] inches from the curb - ANSWERS18 When merging onto the freeway, you should be driving - ANSWERSat or near the same speed as the traffic...

You may drive off of the paved roadway to pass another vehicle -ANSWERS Under no circumstances You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is -ANSWERS 15 mph When parking your vehicle parallel to the curb on a level street -ANSWERS Your wheels must be within 18 inches of the curb When merging onto the freeway you should be driving: -ANSWERS At or near the same speed as the traffic on t...

It is illegal for a person 21 years of age or older to drive with a blood alcohol concentration (BAC) that is ______ or higher. - ANSWERS0.08% - Eight hundredths of one percent You must notify DMV within 5 days if you... - ANSWERSSell or transfer your vehicle A pedestrian starts to cross the street after the "Don't Walk" signal begins to flash. The pedestrian is in the middle of the street when your signal light changes to green. You should: - ANSWERSWait until the pedestrian crosses th...

When driving in fog, it is best to drive with - ANSWERSLow beam headlights You may drive off of the paved roadway to pass another vehicle: - ANSWERSUnder no circumstances. When you are merging onto the freeway, you should be driving: - ANSWERSAt or near the same speed as the traffic on the freeway. When driving in fog, you should use your: - ANSWERSLow beams A school bus ahead of you in your lane is stopped with red lights flashing. You should: - ANSWERSStop as long as the red lights...

You may drive a motor vehicle in a bike lane - ANSWERSNo more than 200 feet before making a right turn You drive defensively when you: - ANSWERSKeep your eyes moving to look for possible hazards. When driving in fog, you should use your: - ANSWERSLow beams When driving in fog, you should: - ANSWERSSlow down and use your low beam headlights This yellow side means: (Yellow diamond with an arrow pointing up and another right curved lane intersecting) kinda looks like a Y upside down - A...

1. You may drive off of the paved roadway to pass another vehicle? - ANSWERSUnder no circumstances 2. You are approaching a railroad crossing with no warning devices and are unable to see 400 feet down the tracks in one direction. The speed limit is: - ANSWERS15mph 3. When parking your vehicle PARALLEL to the CURB on a LEVEL STREET: - ANSWERSYour wheels must be within 18 inches to the curb 4. When you are merging onto the freeway, you should be driving: - ANSWERSAt or near the same spee...