Name: Score:
238 Multiple choice questions
Definition 1 of 238
"Real property or ___________"
temporary
immovable
zoning
liquid
Definition 2 of 238
A land contract is typically_________ to protect the vendee and, if the vendee defaults, the vendor
would need a quitclaim deed signed by vendee to clear the cloud on title to the property so it
could be sold to someone else.
income
recorded
seller
Section 8 (HUD)
,Term 3 of 238
Subdivided Lands Act
Typically, lease agreement will prohit sublease/assignment by the tenant without the
landlords prior _________.
often created by reservation in a deed; reserving a right of way over land transferred
Under this law a subdivision is any division of land into 5 or more lots, units, or parcels for
the purpose of sale, lease, or financing. Purpose is to protect purchasers from
misrepresentation, decit, and fraud in subdivision sales.
Five items courts use to determine if something is a fixture -
method of attachment
adaptability to the property
relationship of the parties
intention of the person attaching
agreement between the parties
Definition 4 of 238
A ____________________ loan defers some principal payments to allow for lower payments at the start,
but after a few years the payments increase to pay off the loan in the time remaining. (increased
incoem expected)
primary market
graduated appreciation mortgage
Dominant; Servient
open end loans
,Definition 5 of 238
Unline fixtures in a house, trade fixtures are _________________.
not real property
always permanent
exclusively owned
only for business use
Definition 6 of 238
The ________________ for mortgage loans is where loans are made to individual borrowers.
negative ammortization
unlawful
primary market
Federal Reserve
Definition 7 of 238
In a ____________________(SAM) loan gives the lender an agreed percentage of the increase in the
market value of the property; it could be used in a market where real property was appreciating
in value.
negative ammortization
secondary mortgage market
Residential Mortgage Loans
shared appreciation mortgage
, Definition 8 of 238
A new subdivision cannot be used until the CalBRE has issued a _______________. The subdivider must
give a copy to anyone who requests one at any given time. The subdivider must get a reciept and
keep the it for 3 years.
Public Report
Environmental Impact Report
Construction Permit
Subdivision Application
Definition 9 of 238
Buyers agency is legal in california and a buyers agent has a fiduciary duty the the ______ only, but
must be fair and honest with the seller.
agent
broker
seller
buyer
Definition 10 of 238
If a federally related loan is involved, only an ___________ can have an interest in a residential
property.
property manager
real estate agent
appraiser
mortgage broker
238 Multiple choice questions
Definition 1 of 238
"Real property or ___________"
temporary
immovable
zoning
liquid
Definition 2 of 238
A land contract is typically_________ to protect the vendee and, if the vendee defaults, the vendor
would need a quitclaim deed signed by vendee to clear the cloud on title to the property so it
could be sold to someone else.
income
recorded
seller
Section 8 (HUD)
,Term 3 of 238
Subdivided Lands Act
Typically, lease agreement will prohit sublease/assignment by the tenant without the
landlords prior _________.
often created by reservation in a deed; reserving a right of way over land transferred
Under this law a subdivision is any division of land into 5 or more lots, units, or parcels for
the purpose of sale, lease, or financing. Purpose is to protect purchasers from
misrepresentation, decit, and fraud in subdivision sales.
Five items courts use to determine if something is a fixture -
method of attachment
adaptability to the property
relationship of the parties
intention of the person attaching
agreement between the parties
Definition 4 of 238
A ____________________ loan defers some principal payments to allow for lower payments at the start,
but after a few years the payments increase to pay off the loan in the time remaining. (increased
incoem expected)
primary market
graduated appreciation mortgage
Dominant; Servient
open end loans
,Definition 5 of 238
Unline fixtures in a house, trade fixtures are _________________.
not real property
always permanent
exclusively owned
only for business use
Definition 6 of 238
The ________________ for mortgage loans is where loans are made to individual borrowers.
negative ammortization
unlawful
primary market
Federal Reserve
Definition 7 of 238
In a ____________________(SAM) loan gives the lender an agreed percentage of the increase in the
market value of the property; it could be used in a market where real property was appreciating
in value.
negative ammortization
secondary mortgage market
Residential Mortgage Loans
shared appreciation mortgage
, Definition 8 of 238
A new subdivision cannot be used until the CalBRE has issued a _______________. The subdivider must
give a copy to anyone who requests one at any given time. The subdivider must get a reciept and
keep the it for 3 years.
Public Report
Environmental Impact Report
Construction Permit
Subdivision Application
Definition 9 of 238
Buyers agency is legal in california and a buyers agent has a fiduciary duty the the ______ only, but
must be fair and honest with the seller.
agent
broker
seller
buyer
Definition 10 of 238
If a federally related loan is involved, only an ___________ can have an interest in a residential
property.
property manager
real estate agent
appraiser
mortgage broker
