CA Real Estate Exam Practice; Questions & Answers Latest Update 100% Solved
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Course
CA Real Estate
Institution
CA Real Estate
CA Real Estate Exam Practice; Questions &
Answers Latest Update 100% Solved
How many square feet in one acre? There are 43,560 square feet in an acre
Mr. and Mrs. Conners sold their home and paid an 8% commission to their
realtor. Assuming no
other fees, if they walked away from the sale wi...
CA Real Estate Exam Practice; Questions &
Answers Latest Update 100% Solved
How many square feet in one acre? ✔✔There are 43,560 square feet in an acre
Mr. and Mrs. Conners sold their home and paid an 8% commission to their
realtor. Assuming no
other fees, if they walked away from the sale with $306,000, about how much
did their house sell
for? ✔✔$332,600
To solve this problem, set up an equation using P for the answer you seek: You
know that the
seller walked away with $306,000. If the agent was to take 8% of the selling
price (P), then the
seller received 92% of the selling price. So, the equation would look like this:
Amount seller
received (306,000) = P (selling price) x 92% (0.92) 306,000 = P x 0.92 To isolate P
(the
unknown) on one side, divide both sides of the equation by 0.92 and you have:
306,0000.92=P
, CA Real Estate Exam Practice; Questions &
Answers Latest Update 100% Solved
Divide and you have the actual answer: 332,608.695 etc. Notice that the
question says "about,"
so round to find the correct answer among the choices given: $332,600
Which of the following is a violation of the Fair Housing act? ✔✔not allowing a
service dog in
an apartment complex that doesn't allow pets
According to Fair Housing laws, a handicapped individual who needs a service
dog is permitted
to have one even if animals are not generally allowed on the property. However,
the person is
responsible to pay for any damage the animal causes when their tenancy is up.
In new multiple-
story housing properties, accommodations must be made on the first floor only.
According to Fair Housing laws, which of these people is not considered
disabled? ✔✔a former
convict
, CA Real Estate Exam Practice; Questions &
Answers Latest Update 100% Solved
According to Fair Housing laws, people whose mental or physical condition
limits their
performance of major life activities is "disabled." So, alcoholics, drug addicts,
and HIV-infected
people are considered disabled, but having been a convict does not qualify as a
disability.
Sarah owns a warehouse and has decided to sell it as an open listing. She has
contacted three
brokers to sell it for her, Brokers A, B, and C. If Broker B makes the sale, who gets
the
commission? ✔✔Broker B
In an open listing, whichever broker sells the property gets the commission.
What information would be unethical for a listing agent to share with a potential
buyer? ✔✔"The
seller is very eager for an offer because he lost his job and found a new one in a
different state."
, CA Real Estate Exam Practice; Questions &
Answers Latest Update 100% Solved
It is inappropriate for a listing agent to tell a prospective buyer personal
information about the
seller, even if it may encourage a sale. The only exception would be in the case
of a seller
instructing the agent to do so. Doing so would be a confidentiality breach on the
part of the
listing agent. The broker should answer all questions related to the property
honestly.
A subdivision has a rule that each home in the neighborhood be at least 2,500
square feet. This is
an example of which concept? ✔✔restrictive covenant
Restrictive covenants are created by neighborhood developers or associations to
ensure that the
neighborhood maintains certain standards. Examples include minimum housing
size, restrictions
on architectural style, or mandated underground sprinkling.
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