California real estate - Study guides, Class notes & Summaries

NOTARY PUBLIC PRACTICE EXAM QUESTIONS AND ANSWERS ALREADY PASSED What is one requirement for becoming a California Notary Public? a. Be under 18 years of age b. Have a criminal record c. Not pass an exam d. Be a legal resident of California D. Be a legal resident of California Your jurisdiction will be: a. The entire state of California b. The county in which you live c. The city in which you work d. The entire United States A. The entire state of California A possible penalty for commi...

California Legal Aspects of Real Estate Final Exam 2022 (Answered) A promissory note is: a. evidence of the debt b. evidence of a sale c. a security inte rest in the property for the lender d. the same as a mortgage or trust deed In order to be considered an emancipated minor and have the capacity to contract, a minor must: a. be married, widowed, or divorced; have entered military service on active duty; or have received a declaration of emancipation from a court b. just state that he is an ema...

Valuation process A systematic procedure used in the valuation of real property. Steps: 1: Define the problem 2:Determine scope of work 3:Gather, record, and verify the data 4:Determine the highest and best use 5:Estimate the land value 6:Estimate value by each of the three approaches (if applicable) 7:Reconcile the estimated values into the final opinion of value 8:Report the final opinion of value Client The party or parties who engage, by employment or contra...

Real Estate Principles Final Exam(2023 updated)correctly answered to passAnything that is fastened or attached to real property permanently is considered to be: - correct answer Real Property A quitclaim deed releases all present claims, rights and title of the: - correct answer Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: - correct answer Obtain a writ of execution Before a mechanics lien is effective it must be: - co...

CALIFORNIA LEGAL ASPECTS OF REAL ESTATE FINAL EXAM AND PRACTICE EXAM TEST BANK WITH STUDY GUIDE 2024 | ACCURATE REAL EXAM QUESTIONS WITH VERIFIED ANSWERS | GUARANTEED PASS | GRADED A

CALIFORNIA REAL ESTATE LICENCE FINAL EXAM AND 2 PRACTICE TEST EXAM | EACH CONTAINS 150 ACCURATE QUESTIONS AND ANSWERS WITH RATIONALES | VERIFIED FOR GUARANTEED PASS | GRADED A | LATEST UPDATE | 2024

CALIFORNIA REAL ESTATE EXAM TESTBANK 2024 ACTUAL QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

CALIFORNIA REAL ESTATE EXAM LATEST ACTUAL EXAM 2024 ACTUAL 52 QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+