California DRE Salesperson Exam - Latest Guide with Q & S 2024.
6 views 0 purchase
Course
Real estate salesperson
Institution
Real Estate Salesperson
California DRE Salesperson Exam - Latest Guide with Q & S 2024.California DRE Salesperson Exam - Latest Guide with Q & S 2024.California DRE Salesperson Exam - Latest Guide with Q & S 2024.California DRE Salesperson Exam - Latest Guide with Q & S 2024.
,1. When considering land use controls, which entity is typically
responsible for zoning ordinances?
a) State government
b) Local government
c) Federal government
d) Homeowners association
Correct Answer: b) Local government
2. In California, a fiduciary duty is best described as:
a) A contractual agreement between buyer and seller
b) A legal obligation of one party to act in the best interest of
another
c) A non-binding promise made by a real estate agent
d) A financial responsibility to a lending institution
Correct Answer: b) A legal obligation of one party to act in the
best interest of another
3. The capitalization rate in property valuation is used to:
a) Calculate the gross rental income
b) Estimate the property's market value based on income
, c) Determine the cost of property insurance
d) Assess the amount of property tax due
Correct Answer: b) Estimate the property's market value based
on income
4. Which of the following is NOT a method of financing real estate
transactions in California?
a) Conventional loans
b) FHA-insured loans
c) Seller carryback financing
d) Rent-to-own agreements
Correct Answer: d) Rent-to-own agreements
5. The process of transferring property in California is formalized
by:
a) Verbal agreement
b) Handshake deal
c) Written contract
d) Public announcement
Correct Answer: c) Written contract
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EmilioOchieng. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.