Papersbysue

The Department of Real Estate (DRE) protects the public through? - ANSWERThe enforcement of laws and requirements for salespersons' and brokers' real estate licenses. The California Real Estate Commissioner has the authority and power to do what? - ANSWERThey have the authority to investigate the actions of any person engaged in the business of a licensee in California, and has the power to deny, suspend or revoke the real estate license. What can a person who is licensed do? - ANSWER1. ...

Penny, a CA licensee, has been advertising on the internet. She specializes in the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done? - ANSWERPenny failed fo indicate in the advertisement her license status. As an examinee, or a new licensee, where is the best, most accurate source for current California Bureau of Real Estate information? - ANSWERThe DRE website Gerard, a Nevada rea...

A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he purchased all three lots, what would be the front footage: - ANSWER197; When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWERA percen...

easement in gross - ANSWERan easement that is not appurtenant to any one parcel license - ANSWERpersonal, revocable, un-assignable permission to use the property of another without possessory interest in it homestead - ANSWERstatus provided to a homeowner's principal residence that protects the home against judgments up to specified amounts intestate - ANSWERdying without leaving a will accession - ANSWERprocess by which there is an addition or reduction to property by the efforts o...

Real Estate Law - ANSWERPart 1, Sections 10000 to 10580 of the Business and Professions Code Subdivided Lands Law - ANSWERPart 2, Sections 11000 to 11200 of the Business and Professions Code California Bureau of Real Estate (CalBRE) - ANSWERA real estate regulatory body that is headed by the Real Estate Commissioner, administers the real estate license laws, handles advertising, funds, clients, and customers Commission's Regulation 2270 - ANSWERAnyone who advertises about services ove...

Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - ANSWERPlace the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: - ANSWERA foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the joint tenants sell his...

1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William Roberts agrees to it B. A defect on title that may cause title to be vested as tenants in common C. Immaterial if the property is properly described D. A defect which may cause a cloud on the title...

There are three main areas within this subject: Listing of real property Sales contracts Marketing - ANSWERThere are three main areas within this subject: Listing of real property Sales contracts Marketing Real Estate Practices describes government regulation of brokerage transactions, the operations of the Department of Real Estate, types of real estate licenses, requirements for obtaining broker and salesperson licenses, continuing education requirements, and, violations of real e...

How many square feet in one acre? - ANSWERThere are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? - ANSWER$332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller rec...

A 'commercial acre' is best defined as - ANSWERAn acre after deductions for streets and alleys. A join tenancy can be created by deeds conveying undivided interest in which of the following? - ANSWER(all of the following) By transfer from a wife deeding her seperate property to herself and her husband as joint tenants, By transfer from joint tenants in common deeding to themselves as joint tenants, By transfer from tenants in common deeding to themselves as joint tenants. The pe...