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CE SHOP California Real Estate Principles| Questions and Final Answers| Board Exam 2025

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CE SHOP California Real Estate Principles| Questions and Final Answers| Board Exam 2025 A property tax lien is discovered during escrow. Assess how this impacts closing and responsibilities of buyer and seller. Liens must be cleared or negotiated; usually, seller pays off liens before transfer, or escrow withholds funds until cleared. A seller refuses to make agreed repairs discovered during inspection. Evaluate the buyer’s options under California contract law. Buyers can re...

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Allied Real Estate Principles| Agency Exam and Certification| Final Exam 2025| Updated A+

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Allied Real Estate Principles| Agency Exam and Certification| Final Exam 2025| Updated A+ A buyer asks their agent to keep their budget confidential from the seller. Explain how the agent should handle this request while maintaining ethical standards. The agent must respect client confidentiality and not disclose the budget without permission, balancing honesty with fiduciary duty. A listing agent discovers a hidden defect in a property after signing the contract but before closi...

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California Certification 2025: Real Estate Principles Practice Exam 2-A| Questions and Verified Answers

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California Certification 2025: Real Estate Principles Practice Exam 2-A| Questions and Verified Answers A seller refuses to disclose a known defect in a house’s foundation. How would this affect the validity of the sales contract? A) Contract remains valid because the buyer should inspect B) Contract is voidable due to nondisclosure C) Contract is automatically terminated D) Contract must be renegotiated The seller’s failure to disclose material facts makes the contract ...

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Real Estate Principles Chapters 1-15 Exam Prep| Questions and Answers 2025| UPDATED

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Real Estate Principles Chapters 1-15 Exam Prep| Questions and Answers 2025| UPDATED A buyer discovers after closing that the property has an undisclosed easement for a neighbor's driveway. Evaluate how this impacts the buyer’s property rights and what legal recourse may be available. The easement limits the buyer’s use of the land in that area; they could seek to negotiate with the neighbor or sue the seller for failing to disclose a material fact. A real estate agent repr...

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Principles of Real Estate| CA property Valuations and Financing| Final Exam 1| Updated 2025/2026| COMPLETE Questions and Answers

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Principles of Real Estate| CA property Valuations and Financing| Final Exam 1| Updated 2025/2026| COMPLETE Questions and Answers A buyer submits a purchase offer on a property, but the seller counteroffers with a higher price. Analyze how the counteroffer impacts the original offer's validity. The original offer is void once the counteroffer is made; the buyer must accept or reject the new terms. A homeowner wants to sell their property but discovers a lien due to unpaid taxes...

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CA Licensing Exam |Real Estate Finals 2025/2026| Updated and Verified Questions and Answers

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CA Licensing Exam |Real Estate Finals 2025/2026| Updated and Verified Questions and Answers A buyer discovers a major roof leak after closing on a property. Explain the seller’s disclosure obligations in this situation and the potential legal implications. The seller is required to disclose known material defects before the sale. If the leak was known but not disclosed, the buyer might have grounds for a lawsuit based on failure to disclose. Evaluate the impact of a lender’s li...

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Principles and Practices of Real Estate II Final Exam| Questions and Answers| Board Exam 2025

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Principles and Practices of Real Estate II Final Exam| Questions and Answers| Board Exam 2025 A seller agrees to sell a property, but during the inspection period, they discover zoning restrictions that might affect the buyer’s plans. Explain how the buyer's rights could be impacted and what options they might have under the contract. The buyer may have the right to withdraw during the contingency period if the property doesn’t meet their intended use. They could negotiate f...

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FINN Real Estate Principles| Final Exam Questions and Verified Answers| Certified 2025/2026 Examination

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FINN Real Estate Principles| Final Exam Questions and Verified Answers| Certified 2025/2026 Examination A seller breaches a listing agreement by refusing to sell after accepting an offer. Explain the likely consequences and the possible remedies available to the broker. The broker may sue for the commission promised in the listing agreement, as they fulfilled their duty by procuring a ready, willing, and able buyer. A buyer purchases a home "as-is" and later discovers signifi...

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California Department of Real Estate| Exam Date 2025| Verified Questions and Answers| Property Ownership and Transfer

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California Department of Real Estate| Exam Date 2025| Verified Questions and Answers| Property Ownership and Transfer A buyer and seller are in escrow, but the buyer discovers the seller did not disclose a boundary dispute with a neighbor. How should this affect the transaction, and what actions should the buyer take? The buyer can request the seller resolve the issue before closing or negotiate to amend the purchase terms. If unresolved, the buyer may cancel escrow due to nondiscl...

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