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CA DRE SALESPERSON EXAM 2024| ACTUAL EXAM QUESTIONS AND 100% VERIFIED ANSWERS
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CA DRE SALESPERSON EXAM 2024| ACTUAL EXAM QUESTIONS AND 100% VERIFIED ANSWERS
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CA DRE SALESPERSON EXAM 2024|ACTUAL EXAM QUESTIONS AND 100%
VERIFIED ANSWERS
What are the two types of freehold estates?
1) an estate in fee (simple absolute)
2) a life estate.
What is the most complete, largest type of estate that includes all rights associated with the
estate?
An estate in fee simple absolute
What type of estate do you own if someone grants you real property for you to own only
during your lifetime? When you die, the property reverts back to original estate owner.
a life estate
The rights of tenants who rent or lease property is what type of estate?
Less-than-freehold
Does property refer to "rights" or "thing" owned?
Thing
,What are the two types of property?
real and personal
What four things make up real property?
1) land;
2) anything affixed and regarded as permanent part of the land;
3) anything incidental or appurtenant to the land;
4) anything immovable from land
Besides the earth, i.e. soil and rocks, what else do you own when you own land?
The air space above the land and space beneath the land.
What types of things are considered "affixed" to the land?
bridges, trees, buildings and anything affixed to the buildings, ie doors.
What are waterways, easements, access or other benefits associated with land considered?
incidental or appurtenant to the land
What are the four different duration types that are associated with estates?
1) estates of inheritance or perpetual estates
2) estates for life
3) estates for years
4) estates at will
, If property is not real property, than what type of property is it?
Personal property
What are three kinds of personal property?
1) money
2) movable goods/chattels
3) evidence of debt
What are fixtures?
Personal property that is attached to land so that it becomes a part of the real property.
What are the five tests used by the courts to determine if an item is a fixture?
MARIA
M ethod of attachment
A greement as to nature of property
R elationship of parties (landlord/tenant)
I ntention
A daptability for ordinary use
What are the three most common methods of describing property?
1) recorded map;
2) by US Government section and township;
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