Prepare confidently for the California Real Estate Salesperson exam with our comprehensive Q&A bundle. Dive into a curated collection of questions and detailed answers covering every critical aspect of California real estate law, regulations, practices, and ethics. Our expertly crafted materials p...
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An owner of land owns riparian rights to water on, under, or adjacent to the land in which of the following? A) Oceans and bays B) Rivers or streams C) Underground caves with water D) All of the above B) Rivers and Streams Which of the following is usually considered real property? A) Cr...
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Add to cartAn owner of land owns riparian rights to water on, under, or adjacent to the land in which of the following? A) Oceans and bays B) Rivers or streams C) Underground caves with water D) All of the above B) Rivers and Streams Which of the following is usually considered real property? A) Cr...
Mikela wants to research and study the requirements for the California Real Estate Examination Test. Where can she find the exam's purpose and requirements? California Business and Professions Code Section 10153 Marc needs to score 12 points higher on the California State Licensing exam this tim...
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Add to cartMikela wants to research and study the requirements for the California Real Estate Examination Test. Where can she find the exam's purpose and requirements? California Business and Professions Code Section 10153 Marc needs to score 12 points higher on the California State Licensing exam this tim...
Which 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? Preliminary report Buyer Maria and seller Doug are closing on June 1. Maria's mortgage loan is $927.86, and $871.86 will go to interest in the first mon...
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Add to cartWhich 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? Preliminary report Buyer Maria and seller Doug are closing on June 1. Maria's mortgage loan is $927.86, and $871.86 will go to interest in the first mon...
Procedure to enforce deed restrictions Injunction Alluvium soil deposits suspended in water as the result of erosion. Can an easement be lost by non-use? Only an easement acquired by prescription may be lost through non-use. An easement created by deed remains in effect. How long must one u...
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Add to cartProcedure to enforce deed restrictions Injunction Alluvium soil deposits suspended in water as the result of erosion. Can an easement be lost by non-use? Only an easement acquired by prescription may be lost through non-use. An easement created by deed remains in effect. How long must one u...
Covenant of warranty A 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. When co-owners of a property decide to partition the property, what does it ...
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Add to cartCovenant of warranty A 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. When co-owners of a property decide to partition the property, what does it ...
An agency relationship creates a fiduciary relationship between principal and agent. Which of the following relationships illustrates a fiduciary relationship? (A) Real estate broker to his/her client (B) Trustee to a beneficiary (C) Both A and B (D) Neither A nor B Answer: (C) Both A and ...
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Add to cartAn agency relationship creates a fiduciary relationship between principal and agent. Which of the following relationships illustrates a fiduciary relationship? (A) Real estate broker to his/her client (B) Trustee to a beneficiary (C) Both A and B (D) Neither A nor B Answer: (C) Both A and ...
The maximum commission a broker may charge for the sale of residential property is: (a) set forth in the Real Estate Law. (b) determined by the broker's contract with his principal. (c) six percent of the total sales price of a residence. (d) determined by local custom. B There is currentl...
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Add to cartThe maximum commission a broker may charge for the sale of residential property is: (a) set forth in the Real Estate Law. (b) determined by the broker's contract with his principal. (c) six percent of the total sales price of a residence. (d) determined by local custom. B There is currentl...
A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he pu...
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Add to cartA rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he pu...
Stock in a mutual water company is best described as: Real Property When two ore more parties own real property as co-owners with the right of survivorship, what is the tenancy called? Joint Tenancy How long must one use another's land open and notoriously to obtain an easement by prescriptio...
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Add to cartStock in a mutual water company is best described as: Real Property When two ore more parties own real property as co-owners with the right of survivorship, what is the tenancy called? Joint Tenancy How long must one use another's land open and notoriously to obtain an easement by prescriptio...
1. The Real Estate Commissioner has the power to investigate, suspend, or revoke the license of a licensee when that person has been found guilty of: a. using a false or fictitious name, knowingly made false statements in any application for registration of a manufactured home as a vehicle. b. s...
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Add to cart1. The Real Estate Commissioner has the power to investigate, suspend, or revoke the license of a licensee when that person has been found guilty of: a. using a false or fictitious name, knowingly made false statements in any application for registration of a manufactured home as a vehicle. b. s...
1.An escrow closed on May 16, 2002. Property taxes for the fiscal year 2002-03 are: (A) Seller's personal responsibility; (B) Buyer's personal responsibility; (C) A lien on the property; (D) None of the above c 2.On June 10, a prospective buyer gave broker and signed the usual form of an offer...
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Add to cart1.An escrow closed on May 16, 2002. Property taxes for the fiscal year 2002-03 are: (A) Seller's personal responsibility; (B) Buyer's personal responsibility; (C) A lien on the property; (D) None of the above c 2.On June 10, a prospective buyer gave broker and signed the usual form of an offer...
The fact that an individual must go to the land describes what physical characteristics of land? 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? Tenancy in Common A Property is surveyed t...
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Add to cartThe fact that an individual must go to the land describes what physical characteristics of land? 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? Tenancy in Common A Property is surveyed t...
Using time-management to increase income, you should realize that doubling "A" time activities should double your income. What are the advantages of a good time-management program? Improved efficiency Increased income A release from time pressures One of the requirements for a real estate ...
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Add to cartUsing time-management to increase income, you should realize that doubling "A" time activities should double your income. What are the advantages of a good time-management program? Improved efficiency Increased income A release from time pressures One of the requirements for a real estate ...
An agency relationship is created by all of the following except: A. agreement B. ratification C. specific performance D. estoppel C. specific performance When a real estate agent acts as a dual agent for both the buyer and seller in a 1031 exchange, and does not disclose his dual agency to...
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Add to cartAn agency relationship is created by all of the following except: A. agreement B. ratification C. specific performance D. estoppel C. specific performance When a real estate agent acts as a dual agent for both the buyer and seller in a 1031 exchange, and does not disclose his dual agency to...
who is responsible for disclosing a Mello-roos tax to the buyer? Seller Whenever there is a real estate sales transaction, it must be reported to the Internal Revenue Service by the: Escrow which of the following would create a dual agency situation: two agents working under a broker represent...
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Add to cartwho is responsible for disclosing a Mello-roos tax to the buyer? Seller Whenever there is a real estate sales transaction, it must be reported to the Internal Revenue Service by the: Escrow which of the following would create a dual agency situation: two agents working under a broker represent...
All of the following are ways by which an offer to purchase real estate would be terminate, except Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for whi...
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Add to cartAll of the following are ways by which an offer to purchase real estate would be terminate, except Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for whi...
Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? Present both offers to the seller as so...
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Add to cartBroker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? Present both offers to the seller as so...
Purpose of CalBRE The California Bureau of Real Estate (CalBRE) protects the public through the enforcement of laws and requirements for salespersons' and brokers' real estate licenses. The California Real Estate Commissioner The California Real Estate Commissioner has the authority to investig...
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Add to cartPurpose of CalBRE The California Bureau of Real Estate (CalBRE) protects the public through the enforcement of laws and requirements for salespersons' and brokers' real estate licenses. The California Real Estate Commissioner The California Real Estate Commissioner has the authority to investig...
How many baseline and meridian systems in CA? 3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? CA In the order in which they are to occur, the three steps of agency discosure are? disclose, elect, confirm The value of a...
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Add to cartHow many baseline and meridian systems in CA? 3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? CA In the order in which they are to occur, the three steps of agency discosure are? disclose, elect, confirm The value of a...
What are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? An estate in fee simple absolute What type of estate do you own if someone grants you rea...
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Add to cartWhat are the two types of freehold estates? 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? An estate in fee simple absolute What type of estate do you own if someone grants you rea...
Land The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate generally refers to land with permanent manmade improvements. Real property refers not only to the land and its improvements, but also...
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Add to cartLand The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate generally refers to land with permanent manmade improvements. Real property refers not only to the land and its improvements, but also...
(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 lo...
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Add to cart(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 lo...
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 Sale ...
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Add to cartWhich 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 Sale ...
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 tenan...
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Add to cartTwo 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 tenan...
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 ...
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Add to cartIn 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 ...
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. ...
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Add to cartAn 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. ...
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