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California Real Estate (Principles) Exam with Verified Answers Graded A+
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California Real Estate (Principles) Exam with Verified Answers Graded A+ 1. Depreciation 2. Community Proper- ty 3. delivered and ac- cepted. 4. Easton would col- lect from Rothchild; Rothchild would then seek recourse from McGrew. 5. require disclosure of credit terms. 6. mechanics' ...

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Document information

  • September 9, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • california real estate principles exam wi

Written for

  • California Real Estate
  • California Real Estate

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MERCYTRISHIA

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California Real Estate (Principles) Exam with Verified
Answers Graded A+
1. Depreciation A ''loss in value from any cause'' is a definition of

2. Community Proper- A couple recently married and each person had chil-
ty dren from
a previous marriage. They wish to take title to property
so
they can pass their share to their own children by will.
The
best form of title would be

3. delivered and ac- A valid deed passes title when it is
cepted.

4. Easton would col- In July, Easton bought Rothchild's home through the
lect from Rothchild; listing
Rothchild would broker, McGrew. After a hard rain in November, the roof
then seek recourse developed a severe leak. Easton sued Rothchild and
from McGrew. McGrew
for the cost of a new roof. Testimony in court revealed
that
Rothchild mentioned the need for a new roof to Broker
McGrew. McGrew did not tell Easton about the need
for a
new roof. What would most likely occur?

5. require disclosure The main purpose of the Truth-in-Lending Act is to
of credit terms.

6. mechanics' liens The difference between judgment liens and mechan-
can take priority be- ics' liens
fore they are is that
recorded.

7. prior to the seller Broker Santos is in the process of listing a home. The
signing the listing agency
agreement disclosure must be given

8. Garcia paid Chan On October 1, 2008, Garcia agreed to purchase
for 8 months' taxes. Chan's


, California Real Estate (Principles) Exam with Verified
Answers Graded A+
home. Both parties agreed
that escrow would close on

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