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California Real Estate Bundled Exams with Complete Solution | Verified Answers | 2024
California Real Estate Bundled Exams with Complete Solution | Verified Answers | 2024
[Montrer plus]California Real Estate Bundled Exams with Complete Solution | Verified Answers | 2024
[Montrer plus]An appraiser's definition of "Value" would be: 
a. present worth of all rights to future benefits arising out of ownership. 
b. the ability of one commodity to command other commodities in exchange. c. relationship between 
the thing desired and the potential purchaser. 
d. all of the above. - d....
Aperçu 4 sur 180 pages
Ajouter au panierAn appraiser's definition of "Value" would be: 
a. present worth of all rights to future benefits arising out of ownership. 
b. the ability of one commodity to command other commodities in exchange. c. relationship between 
the thing desired and the potential purchaser. 
d. all of the above. - d....
In reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of 
improvements. 
How is a condominium unit owned? - Separate interest 
How are common interests in a condo owned? - Equally in undivided interest 
Subdivided Land Laws refer to - Subdivisions of 5+ parcels ...
Aperçu 3 sur 18 pages
Ajouter au panierIn reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of 
improvements. 
How is a condominium unit owned? - Separate interest 
How are common interests in a condo owned? - Equally in undivided interest 
Subdivided Land Laws refer to - Subdivisions of 5+ parcels ...
Which of the following is most vital or important in planning a subdivision: - Market Analysis 
When rent is computed on the gross sales of a business occupying real property, the lease is correctly 
termed: - Percentage Lease 
What is not an adequate method of transferring property? - Executive Sal...
Aperçu 3 sur 17 pages
Ajouter au panierWhich of the following is most vital or important in planning a subdivision: - Market Analysis 
When rent is computed on the gross sales of a business occupying real property, the lease is correctly 
termed: - Percentage Lease 
What is not an adequate method of transferring property? - Executive Sal...
When agent Andy took a listing, he promised the seller that he would advertise the property in a 
magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never 
contacted them or submitted the ad. Andy is guilty of: - Actual Fraud 
A fee simple estate is: - a...
Aperçu 2 sur 8 pages
Ajouter au panierWhen agent Andy took a listing, he promised the seller that he would advertise the property in a 
magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never 
contacted them or submitted the ad. Andy is guilty of: - Actual Fraud 
A fee simple estate is: - a...
(1) 1. The real estate marketplace could BEST be described as being 
A. homogeneous 
B. stratified 
C. perfect 
D. uninfluenced by emotion - B. stratified (based on price) 
(1) 2. Most real estate agents are primarily engaged in which area of activity 
A. residential property 
B. raw land and lots 
...
Aperçu 4 sur 39 pages
Ajouter au panier(1) 1. The real estate marketplace could BEST be described as being 
A. homogeneous 
B. stratified 
C. perfect 
D. uninfluenced by emotion - B. stratified (based on price) 
(1) 2. Most real estate agents are primarily engaged in which area of activity 
A. residential property 
B. raw land and lots 
...
How many square feet in one acre? - There are 43,560 square feet in an acre 
Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other 
fees, if they walked away from the sale with $306,000, about how much did their house sell for? - 
$332,600 
To solve this ...
Aperçu 3 sur 29 pages
Ajouter au panierHow many square feet in one acre? - There are 43,560 square feet in an acre 
Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other 
fees, if they walked away from the sale with $306,000, about how much did their house sell for? - 
$332,600 
To solve this ...
Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the 
property. In terms of affecting title this action could: - Place the beneficiary in a precarious position 
should the borrower die before the debt is paid. 
Joint tenant estate held by two joint ten...
Aperçu 2 sur 10 pages
Ajouter au panierTwo friends hold title as joint tenants. One borrowed money and executed a deed of trust against the 
property. In terms of affecting title this action could: - Place the beneficiary in a precarious position 
should the borrower die before the debt is paid. 
Joint tenant estate held by two joint ten...
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