CALIFORNIA REAL ESTATE EXAM PACKAGE BUNDLE WITH COMPLETE SOLUTIONS RATED A 2024|2025 LATEST VERSION

What type of entry door is required between the garage and entrance to the house? - Fire door; Self-closing. A buyer purchases a house for $300,000 and applies for a $250,000 loan. The buyer is asked to pay one discount point. How much money will the buyer have to pay? - $2,500; a discount point is...

The primary purpose of a listing agreement is to: -Serve as a contract of employment between the owner and the broker. -List all improvements and amenities of the property -Serve as a guide for a sales contract. -None of the above - -Serve as a contract of employment between the owner and the br...

1. Broker A accepted a deposit from Buyer B with an offer on a property, and promptly deposited the Buyer's check into his Trust Account. Seller rejected the offer and Buyer demanded the deposit back—immediately. Broker wrote check to Buyer from Trust Account, but later learned that Buyer's orig...

61. A corporation issued a deed to real property. The president and secretary both signed the deed and affixed the corporate seal. These actions would probably be sufficient to pass marketable title if: a. the deed is executed in connection with the dissolution of the corporation b. the transactio...

In appraisal, the adjustment process, whereby, comparables are adjusted to the subject property is known as: (a) averaging. (b) reconciliation. (c) weighing. (d) comparing - The correct answer is b: In appraisal, reconcilation is the process of interpreting the data gathered by bringing the ...

1. You are preparing a competitive market analysis on a vacant lot that you hope to list for sale. Which of the following approaches to value will be used in the development of the estimated value? - Sales comparison approach 2. Which of the following comparables would be the most helpful in apprai...

1. You are preparing a competitive market analysis on a vacant lot that you hope to list for sale. Which of the following approaches to value will be used in the development of the estimated value? A. Cost approach B. Gross rent multiplier C. Income approach D. Sales comparison approach - D. Sa...

A ''loss in value from any cause'' is a definition of Depreciation A couple recently married and each person had children 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 Community Prop...

Reed vs. King Case Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Ea...

Mr. E purchased property for $150,000 (Improvement 80%: Land Ratio 20%). If he used the straight-line method of depreciation with 35 years remaining life, what would be the adjusted basis of the property after 10 years? a. $85,408 b. $106,760 c. $110,204 d. $115,714 - D - $150,000 - 20% = 150,00...