Real Estate Principles Final Exam 2024 Questions & Answers 100% Correct VERIFIED ANSWERS
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Course
Real Estate
Institution
Real Estate
Real Estate Principles Final Exam 2024 Questions & Answers 100% Correct VERIFIED ANSWERS Anything that is fastened or attached to real property permanently is con- sidered to
be
ANS Real Property
2. A quitclaim deed releases all present claims, rights and title of the
ANS Grantor
3. When a cr...
Real Estate Principles Final Exam.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20Prin
Real Estate Principles Final Exam
1. Anything that is fastened or attached to real property permanently is con- sidered to
be
ANS Real Property
2. A quitclaim deed releases all present claims, rights and title of the
ANS Grantor
3. When a creditor wants to satisfy a judgement which was levied against another
person, the creditor would
ANS Obtain a writ of execution
4. Before a mechanics lien is effective it must be
ANS Verified and recorded
5. Discrimination by a real estate licensee based on race is
ANS A violation of the regulations of the Real Estate Commissioner, against public policy, and
unethical
6. Upon the signing of a real property sales contract
ANS An equitable title passes to purchaser
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,Real Estate Principles Final Exam.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20Prin
7. All California Real Estate Laws are created by
ANS Acts of the legislature
8. The 36 sections in a township are numbered from 1 through 36. Section 1 is located in
the
ANS Northeast corner
9. Which of the following would be a discriminatory act under the Commis- sioner's
Regulations?
ANS Posting a sign on the property indicating a preference for female renters, designing an ad
for general circulation appealing to persons of a specific religion to purchase within a given area,
and refusing to list a property in an area occupied by persons of a race other than the licensee.
10. The type of interest usually charged on home loans is
ANS Simple
11. A landowner is notified by a railroad company that it plans to cross his property
with a railroad line. If the landowner refuses, the railroad company can proceed by the
use of
ANS Eminent domain
12. Title to real property that is transferred by a will is considered
ANS A devise
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,Real Estate Principles Final Exam.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Real%20Estate%20Prin
13. A real estate broker received 40 acres of land valued at $300 per acre as a
commission from the seller.Two weeks after escrow closed, the broker was offered $400
per acre for the land. If the broker accepts the offer he
ANS Will be acting in an acceptable manner
14. The words "procuring cause" would have an important meaning to which of the
following?
ANS A disputed over commission on an open listing
15. Which of the following is not an essential element of a contract?
ANS Perfor- mance
16. Under the Street Improvement Act of 1911, the city is authorized to assess each owner
for the work completed. These improvements are assessed on the basis of
ANS Front footage
17. The real estate tax fiscal year is for the period
ANS July 1 to July 1
18. The landmark case of the United States Supreme Court which prohibited
discrimination in housing was
ANS Jones vs. Mayer
19. Most real estate syndicates that have been created in California have taken the form of a
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