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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...

California Real Estate , CA Real Estate Law, CaliforniaState Exam , California Real Estate LAW 2023 Exam, California Legal Aspects of Real Estate Final Exam, Real Estate Principles, California Exam 03, Landlord & Tenant, California legal aspects of real estate: landlord - tenant law Exam 2023 Questions & Answers

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? ...

Contract - ANSWERAgreement made by competent parties to do (performance) or not to do (forbearance) a certain act 4 Requirements of a valid contract - ANSWER1. Agreement (mutual consent or meeting of the minds) 2. Lawful object 3. Consideration 4. Capacity What makes a binding contract? - ANSWEROFFER AND ACCEPTANCE AND COMMUNICATION OF THAT ACCEPTANCE Express Contract - ANSWERTerms and intentions are put in words (oral or written) Implied Contract - ANSWERAgreement shown by action...

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....

1 of 25 What describes a lease where the rent is based on a percentage of the monthly or annual gross sales made on the site? A proprietary lease An index lease A percentage lease A net lease - ANSWERSA percentage lease 2 of 25 How much notice must a landlord give a tenant to enter a rental property in most situations? 2 days 24 hours 12 hours 8 hours - ANSWERS24 hours 3 of 25 If a tenant is in default what can the landlord file to repossess the property and evict the tenant...

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...

Exam (200) Review, FCS 200 AAFCS 2023 Exam , CONTENT CERTIFICATION EXAM, composite exam, Family and Consumer Science, Study Cards, AAFCS 200 COMPOSITE TEXES, AAFCS 2023Exam (200)Questions & Answers 100% Correct(SCORED A)

Tenancy - ANSWERSRenter's right to take exclusive possession, and use of the owners rental unit in consideration for rent Rental unit - ANSWERSOwner's house, duplex, condominium, or apartment made available to a renter Periodic rental agreement - ANSWERSmonth-to-month rental agreement rental period - ANSWERSLength of time (days, weeks, months) between the rent payments. security deposit - ANSWERSRefundable deposit at the landlord requires a tenant to pay at the beginning of the ten...

Active listening - ANSWERSTrying to understand what the others are saying and why, identify feelings. Pensions - ANSWERSare funds paid to retired employees who paid into a pension fund while they were employed. Social Security - ANSWERS-A federal program under the direction of the SS Administration. Designed to give retired or disabled individuals some source of income. -Benefits after paying into it as an employee. Medicare - ANSWERSFederal Program that helps older ppl (65+) in payin...

Order of Washing dishes: - ANSWERSWash, rinse, sanitize What will help get the red stain out of a cashmere shirt? - ANSWERSAlkaline Fat measuring method - ANSWERSElectrical current Intangible Resources - ANSWERSCannot be touched - integrity, confidence, literacy Human Resources - ANSWERSSkills, talents, and abilities that people possess Tangible Resources - ANSWERSReal, touchable, concrete, able to appraised - jewelry, land, houses Material Resources - ANSWERS- Fertile soil, pe...

Order of Washing dishes: -ANSWERS Wash, rinse, sanitize What will help get the red stain out of a cashmere shirt? -ANSWERS Alkaline Fat measuring method -ANSWERS Electrical current Intangible Resources -ANSWERS Cannot be touched - integrity, confidence, literacy Human Resources -ANSWERS Skills, talents, and abilities that people possess Tangible Resources -ANSWERS Real, touchable, concrete, able to appraised - jewelry, land, houses Material Resources -ANSWERS - Fertile soil, pe...

The process through which a person comes to think of himself or herself as a distinct person despite being a member of a family is known as - ANSWERSindividuation In which kind of society are people more likely to live with their extended families? - ANSWERSAgrarian Which of the following is NOT considered to be necessary for a person to commit emotionally to a marriage? - ANSWERSFinancial Stability Which of the following factors has no effect on job satisfaction? - ANSWERShaving a chil...

Extended Family - ANSWERSa grandparent lives with the parents and children Nuclear Family - ANSWERSMother, father and children living as a unit Blended Family - ANSWERSTwo parents, each with children from a previous marriage all live together combined family - ANSWERSnot a commonly used term, but may be used as a synonym for a blended family first-born children - ANSWERSgrow up being responsible and dependable because parents have higher expectations for them middle children - ANS...