Exam (elaborations)
CA Real Estate Exam- Practice Q&As (Latest Update 2024)
- Course
- Institution
CA Real Estate Exam- Practice Q&As (Latest Update 2024)
[Show more]
Content preview
CA Real Estate Exam- Practice Q&As(Latest Update 2024)
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: - Correct Answer ✅ Place
the beneficiary in a precarious position should the borrower
die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and
ended by the following: - Correct Answer ✅ A foreclosure
by one of the joint tenants. One of the joint tenants transfers
his interest to a third party. One of the joint tenants sell his
interest.
A man owns six seperate parcels of real property. He wants to
offer all of the parcels as security for a mortgage loan. The
mortgage that he will obtain will probably be? - Correct
Answer ✅ A blanket mortgage
All of the following acts of one joint tenant terminates a joint
tenancy except when the joint tenant: - Correct Answer ✅
Mortgages his or her share
,CA Real Estate Exam- Practice Q&As
(Latest Update 2024)
Avulsion - Correct Answer ✅ Is the sudden tearing away of
land by the the action of water
When appraising a home build in 1910 the appraiser must
use: - Correct Answer ✅ Today's cost and today's reproduct
ion cost
The appraiser gives an 30 year old home a rating of 6 years is
called: - Correct Answer ✅ Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - Correct Answer
✅ cancel the transaction.
Not funtional obsolescense - - Correct Answer ✅ Proximity
of nuisances
Intestate means: - Correct Answer ✅ Someone that left no
will
, CA Real Estate Exam- Practice Q&As
(Latest Update 2024)
A principle may request an accounting from the real estate
agent of his funds : - Correct Answer ✅ At any time
The seller's responsibility is to transfer the property: -
Correct Answer ✅ Free and clear
When compare to real estate, stocks and bonds are: -
Correct Answer ✅ More liquid
Which of the following are liens? - Correct Answer ✅
Incometax
Judgements
Attachment
subagents: - Correct Answer ✅ They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - Correct Answer ✅ a license
is required to answer questions
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81849 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now