CA Real Estate Exam 2022
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. One of the joint tenants
transfers his interest to a third party. One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as
security for a mortgage loan. The mortgage that he will obtain will probably be?
CORRECT ANSWER - A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint
tenant:
CORRECT ANSWER - Mortgages his or her share
Avulsion - CORRECT ANSWER - Is the sudden tearing away of land by the the action of
water
When appraising a home build in 1910 the appraiser must use:
CORRECT ANSWER - Today's cost and today's reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called:
CORRECT ANSWER - Effective age
A home painted in 1972, even if the seller repainted the property a lead based paint booklet is
required, if not, the ommission allows the buyer to: -
CORRECT ANSWER - cancel the transaction.
Not funtional obsolescense - - CORRECT ANSWER - Proximity of nuisances
, Intestate means: - CORRECT ANSWER - Someone that left no will
A principle may request an accounting from the real estate agent of his funds : -
CORRECT ANSWER - At any time
The seller's responsibility is to transfer the property: - CORRECT ANSWER - Free and clear
When compare to real estate, stocks and bonds are: - CORRECT ANSWER - More liquid
Which of the following are liens? - CORRECT ANSWER - Incometax
Judgements
Attachment
subagents: - CORRECT ANSWER They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open house, to answer questions: -
CORRECT ANSWER- a license is required to answer questions
Who must disclose Mello - CORRECT ANSWER - Seller (OWNER)
If the electrical was intalled by the son-in-law of the seller, and not to code and the buyer
moves in, and after, the property catches on fire : - CORRECT ANSWER - the real estate
agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that
something was not properly disclose by Miles and Olsten, this is called: -
CORRECT ANSWER - Fraud
Logan sold a home to Hughes, if Hughes backs out: -
CORRECT ANSWER - Logan can sue for a specific performance
A buyer pays for which of the following? - CORRECT ANSWER - Escrow, Title, Insurance
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. One of the joint tenants
transfers his interest to a third party. One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as
security for a mortgage loan. The mortgage that he will obtain will probably be?
CORRECT ANSWER - A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint
tenant:
CORRECT ANSWER - Mortgages his or her share
Avulsion - CORRECT ANSWER - Is the sudden tearing away of land by the the action of
water
When appraising a home build in 1910 the appraiser must use:
CORRECT ANSWER - Today's cost and today's reproduct ion cost
The appraiser gives an 30 year old home a rating of 6 years is called:
CORRECT ANSWER - Effective age
A home painted in 1972, even if the seller repainted the property a lead based paint booklet is
required, if not, the ommission allows the buyer to: -
CORRECT ANSWER - cancel the transaction.
Not funtional obsolescense - - CORRECT ANSWER - Proximity of nuisances
, Intestate means: - CORRECT ANSWER - Someone that left no will
A principle may request an accounting from the real estate agent of his funds : -
CORRECT ANSWER - At any time
The seller's responsibility is to transfer the property: - CORRECT ANSWER - Free and clear
When compare to real estate, stocks and bonds are: - CORRECT ANSWER - More liquid
Which of the following are liens? - CORRECT ANSWER - Incometax
Judgements
Attachment
subagents: - CORRECT ANSWER They work for the seller
If a builder pays $35 an hour to a hostess, to perform an open house, to answer questions: -
CORRECT ANSWER- a license is required to answer questions
Who must disclose Mello - CORRECT ANSWER - Seller (OWNER)
If the electrical was intalled by the son-in-law of the seller, and not to code and the buyer
moves in, and after, the property catches on fire : - CORRECT ANSWER - the real estate
agent is innocent of any wrong doing
Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that
something was not properly disclose by Miles and Olsten, this is called: -
CORRECT ANSWER - Fraud
Logan sold a home to Hughes, if Hughes backs out: -
CORRECT ANSWER - Logan can sue for a specific performance
A buyer pays for which of the following? - CORRECT ANSWER - Escrow, Title, Insurance
