California Real Estate Principles Study guides, Class notes & Summaries

(1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code : Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature : governor (1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, Inc., and broker Barbara Rollo owns the remaining shares. This division of o...

California Real Estate Exam Questions and Answers 100% Pass In reference to Property Taxes, "basis" or "cost" is - Correct Answer ️️ -Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Correct Answer ️️ -Separate interest How are common interests in a condo owned? - Correct Answer ️️ -Equally in undivided interest Subdivided Land Laws refer to - Correct Answer ️️ -Subdivisions of 5+ parcels on 160 acres, regulated marketing & financin...

CA Real Estate Exam- Practice Questions and Answers 100% Pass 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: - Correct Answer ️️ -Place 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: - Correct Answer ️️ -A foreclosure by one of the joint tenants....

Real Estate Salesperson California State Exam Questions and Answers 100% Pass Which of the following is most vital or important in planning a subdivision: - Correct Answer ️️ -Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - Correct Answer ️️ -Percentage Lease What is not an adequate method of transferring property? - Correct Answer ️️ - Executive Sale What is considered personal property? - Corre...

California Broker Real Estate Exam Questions with 100% Correct Answers Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? - Correct Answer ️️ -Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed ...

California Real Estate Exam Multiple Choice Questions with 100% Correct Answers An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - Correct Answer ️️ -d. all of the above. These are elements of value. Which of the following abbreviations is assoc...

California Real Estate Principles - Questions and Answers 100% Pass (1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code - Correct Answer ️️ -Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature - Correct Answer ️️ -governor (1) 3. Salesperson Sam owns 25% of the ou...

California Real Estate License Exam 1 Questions and Answers 100% Pass 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...

Final Exam A California real estate Questions and Answers 100% Pass All of the following are ways by which an offer to purchase real estate would be terminate, except - Correct Answer ️️ -Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items - Correct Answer ️️ -Prepaid rent When a Cal-Vet wishes to purchase a hom...