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CALIFORNIA REAL ESTATE LICENSE EXAM 1 WITH 100% CORRECT ANSWERS A GRADED
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CALIFORNIA REAL ESTATE LICENSE EXAM 1 WITH 100% CORRECT ANSWERS A GRADED
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CALIFORNIA REAL ESTATE LICENSEEXAM 1 WITH 100% CORRECT
ANSWERS A GRADED
1.1.sAstitleswassrecordedsforsasparcelsofsrealspropertysvestedsinsthesnamesofsJohansWilson,sassingleswoma
n.sAftershersmarriagestosWilliamsRoberts,sshesexecutedsasdeedstosthespropertysonlysinsthesnamesofsJohans
Roberts,sasmarriedswoman.sThesdiscrepancysinsthesgrantorssnamesis:
A.sValidsifsWilliamsRobertssagreesstosit
B.sAsdefectsonstitlesthatsmayscausestitlestosbesvestedsasstenantssinscommon
C.sImmaterialsifsthespropertysissproperlysdescribeds
D.sAsdefectswhichsmayscausesascloudsonsthestitles-sAsdefectswhichsmayscausesascloudsonsthestitle.
1.2.sWhichscontractswouldsbesthesmostsdifficultsforsasbuyerstosobtainsfinancing?
A.sLandsContract
B.sFHA
C.sVA
D.sConventionals-sLandsContract
1.3.sWhensasbrokersrunssansadvertisement,sthesbrokersmustsdisclose:
,A.sLastsnamesofsthesbroker
B.sNamesofsthesbrokers
C.sNamesofsbrokersandssalesperson
D.sNamesofsthessalespersons-sNamesofsthesbroker
1.4.sFollowingsin-housessalessarestrue,sexcept:
A.sTheslistingsagentscansactsassasdualsagent
B.sTheslistingsbrokerscansactsassasbuyerssagentsonly
C.sThesbrokersmayspurchasesthespropertyshimself
D.sThessellersmaysrepresentsthessellersonlys-sThessellersmaysrepresentsthessellersonly
1.5.sThesFederalsHousingsAdministrations(FHA)swasscreatedsprimarily:
A.sTosprovidesinsurancesforshomesloanssinsthessecondarysmarket
B.sTosinsuresthesborrower
C.sTosprovidesinsurancesforshomesloanssmadesbysapprovedslender
D.sTosimprovestheseconomysforsmortgagesbankerss-
sTosprovidesinsurancesforshomesloanssmadesbysapprovedslenders
1.6.sWhichsofsthesfollowingsloanssonsashomeswouldsprobablysbesmadeswithoutsrequiringsasdownspayment
sfromsthesborrower?
A.sVAsLoan
B.sCAL-VET
C.sFHA
D.sConventionals-sVAsLoan
,1.7.sAspersonswhoswishesstospurchasesashomesusingsthesCal-Vetsprogramswouldssendshissapplicationsto:
A.sDepartmentsofsRealsEstate
B.sRealsEstatesCommissioner
C.sDepartmentsofsVeteranssAffairs
D.sVeteranssAdministrations-sDepartmentsofsVeteranssAffairs
1.8.sThesitemsthatswouldsappearsonsthesdebitssidesofsasbuyer'ssclosingsstatementswouldsbe:
A.sPurchasesPrices
B.sPrepaidsRents
C.sMortgagesInsurance
D.sDownsPayments-sPurchasesPrice
1.9.sWhensdealingswithsthespublic,sasbrokersmaysnot:
A.sDisclosesanysofshissdutiesstosothersagents
B.sRemainssilentsconcerningsmaterialsfactssaboutsaspropertysknownsonlysbyshimself
C.sRejectsaslistingsifsitsissdiscriminatorysorsoverpricedsforsminorities
D.sAllsofsthesaboves-sRemainssilentsconcerningsmaterialsfactssaboutsaspropertysknownsonlysbyshimself
1.10.sWhichsofsthesfollowingsissthesreasonsthatsasrealsestatesagentsmustskeepshissprincipalsinformedsofsma
terialsfactssconcerningsaspendingsrealsestatestransaction?
A.sWhensthesagentsissasfiduciarys
B.sWhensit'ssprintedsonsthespurchasesagreement
C.sWhensthesagentsconcernedswithsthescommissionswhichssellersisspaying
D.sWhensthesbrokersworkssonlysforsthessellers-sWhensthesagentsissasfiduciary
, 1.11.sAsbuyersreliedsuponsthesfraudulentsstatementsofsthesseller'ssagentsandswassdamaged.sThessellerswa
ssunawaresofsthesagent'ssfalsesstatement,sandshestriedstosenforcesthesagreement.sThesbuyer:
A.sCouldssuesthessellersforsfraud
B.sCouldssuesthesseller'ssagentsforsfraud
C.sHasssufficientsgroundssforsrecission
D.sCouldsdosanysofsthesaboves-
sCouldssuesthessellersforsfraud,scouldssuesthesseller'ssagentsforsfraud,shasssufficientsgroundssforsrecission
1.12.sLenderssknowsthatstheslowersthesloan-to-valuesratio,stheshighersthe:
A.sInterestsRate
B.sRisks
C.sLoanstosValuesRatio
D.sEquitys-sEquity
1.13.sAnsofferstospurchasesrealsestatescouldsbesterminatedsinsallsofsthesfollowingsways,sexcept;
A.sAcceptanceswithsascountersofferstosthesofferors
B.sFailurestoscommunicatesnoticesofsrevocationsbeforesthesotherspartyshasscommunicatedshissacceptance
C.sDeathsofsoffereesorsofferors
D.sExpirationsofstimestosacceptsansoffers-
sFailurestoscommunicatesnoticesofsrevocationsbeforesthesotherspartyshasscommunicatedshissacceptance
1.14.sInswhichsofsthesfollowingscontractswillsapplysifsonesofsthespartiessagreessnotstosrevokesansoffersforsas
certainsperiodsofstime:
A.sExclusivesrightstossellslisting
B.sExclusivesagencyslisting
C.sNetslisting
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