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Ca Real Estate Practice Exam 1 (Online) Questions And Answers With Verified Solutions Already Passed!!!
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Ca Real Estate Practice Exam 1 (Online) Questions And Answers With Verified Solutions Already Passed!!!

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Document information

  • October 8, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ca real estate practice exam 1 online questions
  • a seller is required to deliver the homeowners gu
  • which of the following is an appraisers primary c
  • legally and technically property is defined as

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  • CaLIFORNIA REAL ESTATE
  • CaLIFORNIA REAL ESTATE

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Ca Real Estate Practice Exam 1 (Online)
Questions And Answers With Verified
Solutions Already Passed!!!
A seller is required to deliver the Homeowner's Guide to Earthquake Safety to the
buyer of any one-to-four unit residential properties built prior to:


A.
1952
B.
1960
C.
1960
D.
1975 - ANSWER✔✔C. 1960


A Homeowners Guide to Earthquake Safety must be given to the buyer of any real
property improved with a residential dwelling built prior to 1960 and consisting of
one-to-four units, any of which are of conventional light-frame construction.


When calculating the Consumer Price Index (CPI), housing expenses is one of the
largest denominators because
A.
CPI is based upon all consumer purchases;
B.
More people buy homes than buy businesses;
C.

,Housing impacts economy;
D.
Housing is one of the largest expenses for consumers. - ANSWER✔✔D.


Housing is one of the largest expenses for consumers.


When calculating the Consumer Price Index (CPI), housing expenses is one of the
largest denominators because housing is one of the largest expenses for consumers.


Which of the following is an appraiser's primary concern in the appraisal of a
residential subdivision?
A.
Square foot area of each home;
B.
Marketability and acceptability;
C.
Functional utility;
D.
The adjoining neighborhood. - ANSWER✔✔B.


Marketability and acceptability;


Marketability and acceptability are the primary concern when appraising
residential property.


When a judgment has been recorded, it provides:

,A.
Voidable notice;
B.
Constructive notice;
C.
Actual notice;
D.
Contingent notice. - ANSWER✔✔B.


Constructive notice;


Recording a judgment gives constructive notice.


Legally and technically, property is defined as:
A.
That which is capable of involuntary transfer;
B.
Things with buyers or sellers;
C.
Rights or interests which a person has in a thing owned;
D.
Only personal property. - ANSWER✔✔C.


Rights or interests which a person has in a thing owned;

, Property is defined as the rights or interests a person has in the thing owned.


A seller (or agent for the seller) must give the buyer a "Natural Hazard Disclosure
Statement" if the property is within which of the following areas?
A.
Special Flood Hazard Area;
B.
Very High Fire Hazard Severity Zone;
C.
Earthquake Fault Zone;
D.
All of the above. - ANSWER✔✔D. All of the above.


A seller (or agent for the seller) must give the buyer a Natural Hazard Disclosure
Statement if the property is within a Special Flood Hazard Area, Area of Potential
Flooding, Very High Fire Hazard Severity Zone, Wildland Area, Earthquake Fault
Zone or Seismic Hazard Zone


Which of the following represents an example of police power?
A.
A condemnation action on property for construction of a freeway;
B.
CC&Rs placed in a deed by a developer;
C.
Enforcement of contracts by equitable civil proceedings in court;
D.

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