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CALIFORNIA REAL ESTATE EXAM REAL EXAM 2023/2024 2 DIFFERENT VERSIONS EACH CONTAINS 150 MULTIPLE CHOICE QUESTIONS AND DETAILED ANSWERS FOR GUARANTEED PASS|GRADED A

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

California real estate exam prep questions and answers 100% pass 2024

CALIFORNIA REAL ESTATE EXAM MULTIPLE CHOICE EXAM 70 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 1. You are preparing a competitive market analysis on a vacant lot that you hope to list for sale. Which of the following approaches to value will be used in the development of the estimated value? A. Cost approach B. Gross rent multiplier C. Income approach D. Sales comparison approach - Answer️️ -D. Sales comparison approach 2. Which of the following comparables would be the ...

TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD OWNER: EMILLYCHARLOTTE COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISHED: SEPTEMBER 2024 4. Wear and tear to the load bearing members of a building would be classified as: A. functional obsolescence-curable B. physical deterioration-curable C. functional obsolescence-incurable D. physical deterioration-incurable - Answer️️ -D. physical deterioration-incurable 5. While the economy is experiencing inflatio...

California Real Estate Exam Multiple Choice Questions fully solved & updated.

(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 C. commercial property D. development A. residential property (1) 3. The IRS will treat real estate salespeople as independent contractors if 3 criteria are met. Which is not a crite...

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 on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land Laws good for? 5 Years ...

1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William Roberts agrees to it B. A defect on title that may cause title to be vested as tenants in common C. Immaterial if the property is properly described D. A defect which may cause a cloud on the title ...

Final Exam A California real estate with complete solutions 2024_2025

(15) 8. Which business is likely to pay the lowest percentage on a percentage lease A. sporting goods store B. music shop C. supermarket D. clothing store - Precise Answer C. supermarket (15) 9. A valid two year lease need not A. have parties capable of contracting B. contain a legal description of the property C. contain the amount of rent and manner of payment D. be a written agreement - Precise Answer B. contain a legal description of the property (15) 10. Which statement re...

The fact that an individual must go to the land describes what physical characteristics of land? - ANSWER Immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has 40%. What type of freehold estate do they have? - ANSWER Tenancy in Common