California Real Estate Exam Bundle Questions & Answers(SCORED A+)

Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that: A agency may be an expressed contract. B the principal must pay money to the agent to create an agency relationship. C agency may be an implied c...

lease - ANSWERSAn agreement transferring the right to exclusive possession and use of real estate for a definite period of time. To create a valid lease, the landlord (lessor) must grant the right of possession to the tenant (lessee) but retain the right to retake possession after the lease term exp...

1 of 25 What describes a lease where the rent is based on a percentage of the monthly or annual gross sales made on the site? A proprietary lease An index lease A percentage lease A net lease - ANSWERSA percentage lease 2 of 25 How much notice must a landlord give a tenant to enter a rent...

A promissory note is: a. evidence of the debt b. evidence of a sale c. a security interest in the property for the lender d. the same as a mortgage or trust deed - ANSWERa. evidence of the debt In order to be considered an emancipated minor and have the capacity to contract, a minor must: ...

The main historical influence on law in the united sttes was - ANSWERSEnglish Law When one individual sues another, the lawsuit is called - ANSWERSa civil action The primary purpose of most civil laws is to - ANSWERScompensate a person who has been harmed A person who commits tort - ANSWERS...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser The...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser The...

If an attorney has general powers, he can do all of he following, except: - ANSWERSDeal in the principal's real property without recording the power of attorney In addition to the Real Estate Commissioner, the Real Estate Advisory Commission consists of: - ANSWERSTen members An attorney-in-fa...

covenant of warranty - ANSWERSA promise in a deed that the grantor will guarantee and defend the title against lawful claimants. They're dividing the property proportionally so that each co-owner becomes sole owner of a portion. - ANSWERSWhen co-owners of a property decide to partition the prope...

Licensee A has out-of-town relatives come to visit and he shows them several listings. He ends up helping them rent a property with an option to purchase. He should make a disclosure to: - ANSWERThe Seller Which of the following cannot obtain a broker's license? - ANSWERPartnership A person w...

1. A real property security endorsement is valid for: a. as long as the broker's license is valid, and it needs no further endorsement. b. multiples of 4 years. c. one year. d. the term of the broker's license to which the endorsement is affixed. - ANSWERd. the term of the broker's license ...

A violation of a condition is more severe than a covenant and might result in the loss of title. - ANSWERSWhich of the following statements regarding deed restrictions is TRUE? Continue with the escrow - ANSWERSShortly after a valid escrow is established, both the buyer and seller die. What shoul...

A court order prohibiting an act from being done is a(n): (a) injunction. (b) judgment. (c) attachment. (d) estoppel. - ANSWERSA What appraisal approach do you use when appraising vacant land? - ANSWERSSales Comparison Approach Value is best defined as - ANSWERSPresent worth of future be...

Fiduciary applies to the relationships between people in many different positions. It does not apply to which of the following? ATrustor to beneficiary BAttorney-in-fact to principal CAttorney to client DAgent to seller - ANSWERTrustor to beneficiary Fiduciary is an agency relationship. Tru...