CE Shop Real Estate - Principles Real Estate Course – CA Exam Questions and Answers
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Course
The CE shop real estate
Institution
The CE Shop Real Estate
What do riparian rights give landowners the ability to do? - Answer-Use a river running through the property.
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is based on ______. - Answer-Littoral rights
What are improvements with regard to property? - Answe...
CE Shop Real Estate - Principles Real
Estate Course – CA Exam Questions and
Answers
What do riparian rights give landowners the ability to do? - Answer-Use a river running
through the property.
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is
based on ______. - Answer-Littoral rights
What are improvements with regard to property? - Answer-Artificial attachments to land
that include items such as fencing, buildings, and walkways
Along with property ownership, rights are granted to use the land's physical
components. Which right allows a property owner to use or sell the underground
resources, such as natural gas and minerals? - Answer-Sub-surface
Which of the following is true about air rights? - Answer-They allow the owner to use the
open space above buildings.
John and Tara have lived in their home for 23 years and are excited to move to Florida
for retirement. As homeowners, what right allows them to sell their home? - Answer-
Disposition
Alluvion describes new deposits of land that are the result of what natural process? -
Answer-Accretion
Annette really wants to move to San Francisco, but she's unsure whether she'll be able
to afford to live there. Housing is very expensive because there simply is no room to
build any new housing units. Which economic characteristic does this reflect? - Answer-
Scarcity
If Sima entered a plea of no contest in a criminal case she ______. - Answer-Must
report this to California DRE under all circumstances
If a licensee commits a violation and it's found the broker didn't adequately supervise
the licensee, whose license in jeopardy? - Answer-Both the broker's and licensee's
Requiring a licensee to submit detailed reports related to trust fund accounting is an
example of a condition that may be placed on a licensee with a ______ license. -
Answer-Restricted
, If Jan is using the designation GRI (Graduate of the Real Estate Institute), but she has
not paid her annual membership dues, is this a violation? - Answer-Yes, because it is
dishonest
Maura is a real estate salesperson who does not have an MLO endorsement. Which of
these actions can she perform for her client, who is financing the purchase of a single-
family home? - Answer-Offer to provide the client with a list of lenders they could
consider working with to obtain the loan.
Brenda is a real estate salesperson. Jim is her sponsoring broker. Brenda is moving to
a different area in the state and will no longer be able to work with Jim. Her new
sponsoring broker will be Cindy. What must take place for Brenda to transfer her license
to Cindy? - Answer-Jim must notify the California DRE and give Brenda her license
certificate. Brenda and Cindy complete a change application.
Jackson holds a real estate broker license with an MLO endorsement. How many hours
of continuing education must he complete each year to renew this endorsement? -
Answer-Eight hours
Bradley has a real estate salesperson's license. He's done some traveling recently and
missed the deadline to renew his license. It's now 30 days past the expiration date.
What must he do to renew his license? - Answer-Complete the continuing education
requirements and submit a renewal and late fee.
Sally is a real estate salesperson. How many hours of continuing education must she
complete before the license expiration date in order to renew it for another four years? -
Answer-45 hours
Jackson holds a real estate broker license with an MLO endorsement. How often must
he renew his MLO endorsement? - Answer-Every year
Which of these real estate licensees may be exempt from the continuing education
requirements for license renewal? - Answer-Al is 70 years old and has been licensed in
good standing for 30 consecutive years.
Years ago, Rachel held a real estate license. She took some time off to travel and start
a family. Now she's ready to get back in the saddle. Her license expired three years
ago. What must she do to renew her license and start practicing real estate again? -
Answer-Requalify for a real estate license by completing pre-licensing courses and
passing the state licensing exam.
What is the goal of real estate law? - Answer-Protect and promote public safety, health,
order, and welfare
How many members on the Real Estate Advisory Commission are real estate brokers
licensed in California? - Answer-Six
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