California Real Estate Principles Study guides, Class notes & Summaries

California Real Estate Exam #2 Questions and Answers 100% Pass The maximum commission a broker may charge for the sale of residential property is: (a) set forth in the Real Estate Law. (b) determined by the broker's contract with his principal. (c) six percent of the total sales price of a residence. (d) determined by local custom. - Correct Answer ️️ -B There is currently no law which controls what amount may be charged by the broker. Therefore, it is set by agreement between the p...

California Real Estate - State Test Prep Questions and Answers 100% Pass If property is sold while in probate - Correct Answer ️️ -Commission is only controlled by law under two situations. One being the Real Property Loan Law and... Real Property Loan Law - Correct Answer ️️ -Commission is only controlled by law under two situations. One being If property is sold while in probate and... agent of the broker - Correct Answer ️️ -The Broker is the Agent of the seller. The salesp...

Real Estate Principles Final Exam Questions and Answers 100% Pass Anything 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 ...

California Real Estate Broker Exam - Real Estate Law Questions and Answers 100% Pass Zoning laws are one example of - Correct Answer ️️ -police power The holder of a life estate based on the holder's own life may not - Correct Answer ️️ - devise (leave by will) the property to anyone. A bill of sale must have - Correct Answer ️️ -the signature of the seller. An appraiser determines the value of an income producing property as of a "given date" to indicate the market - Corre...

Updated 2024 California Real Estate Exam Prep Questions and Answers 100% Pass What type of entry door is required between the garage and entrance to the house? - Correct Answer ️️ -Fire door; Self-closing. A buyer purchases a house for $300,000 and applies for a $250,000 loan. The buyer is asked to pay one discount point. How much money will the buyer have to pay? - Correct Answer ️️ -$2,500; a discount point is 1% of the loan amt An offer or counteroffer could be expressed in all...

CA Real Estate Principles Exam Questions and Answers 100% Pass Acre - Correct Answer ️️ -Measures to 43,560 square feet, or 160 rods. Allodial Tenure - Correct Answer ️️ -Type of system where individuals own land Feudal Tenure - Correct Answer ️️ -Type of system where the government/monarchy owns land Treaty of Guadalupe Hidalgo (1848) - Correct Answer ️️ -Signed by Mexico giving California to the USA. 1850 - Correct Answer ️️ -California was admitted to the Union Me...

California Real Estate Principles - Questions and Answers Already Passed (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, I...

California Real Estate Principles - Questions and Answers All Answers Correct (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 ...

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 associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA -correct answer c. MIP/MMI...

California Real Estate Exam Questions and Answers (Latest Update 2023/2024)California Real Estate Exam Questions and Answers (Latest Update 2023/2024)California Real Estate Exam Questions and Answers (Latest Update 2023/2024)California Real Estate Exam Questions and Answers (Latest Update 2023/2024)California Real Estate Exam Questions and Answers (Latest Update 2023/2024)