Exam (elaborations)
Common Questions on the California Real Estate Exam (2024) Quizzes & Ans!!
- Course
- Institution
Common Questions on the California Real Estate Exam (2024) Quizzes & Ans!!
[Show more]
Content preview
Name: Score:55 Multiple choice questions
Term 1 of 55
which of the following would create a dual agency situation:
two agents working under a broker representing the buyer and seller in the same
transaction
two separate brokers representing the buyer and seller independently
one agent representing only the buyer in a transaction
a single agent representing multiple buyers in different transactions
Term 2 of 55
which of the following is required to operate as an advance-fee rental agent?
access to the multiple listing service
a written contract with prospective tenants
proper writing
two agents working under a broker representing the buyer and seller in the same
transaction
Term 3 of 55
When agent Andy took a listing he promised the seller that he would advertise the property in a
magazine until it was sold. Andy did not do the advertising that he promised. Andy is guilty of:
constructive fraud
negligence
blind ad
actual fraud
,Definition 4 of 55
the ability of the seller to deduct all of his future rent payments as business expenditures.
which of theses properties are exempt from paying real estate taxes?
which of the following would create a dual agency situation:
the main purpose of "RESPA" (Real Estate Procedures Act) is to:
one of the main benefits of a sale-leaseback transaction would be;
Term 5 of 55
definition of market value is concerned with:
market value
cost approach
objective value
market cost
Term 6 of 55
An appraiser's narrative appraisal report of a single-family residence probably would contain no
reference to:
the appraisers qualifications
lender
a special studies zone map
a buyers financing
, Term 7 of 55
What type of an appraisal license is required to appraise a commercial strip mall valued at
$700,000:
certified general license
general purpose appraisal license
for any reason
general agent
Term 8 of 55
When the deposit receipt on the sale of a house states that the property is being sold "as is," it:
indicates the seller is not responsible for any inspections
means the buyer cannot ask for repairs or concessions
also requires a real estate transfer disclosure statement
allows the buyer to cancel the sale without penalty
Term 9 of 55
A title company could make make a title search by searching the records of the:
state legislature archives and local government offices
national real estate associations and private firms
real estate agent listings and online databases
county recorders federal land and county clerks office
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 legitnurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now