CA DRE Salesperson Exam Questions and Answers (Latest Update 2024/2025) Verified Answers.

CA DRE Salesperson Exam Questions and Answers (Latest Update 2024/2025) Verified Answers. What are the two types of freehold estates? - correct answers 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - correct answers An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - correct answers a life estate The rights of tenants who rent or lease property is what type of estate? - correct answers Less-than-freehold Does property refer to "rights" or "thing" owned? - correct answers Thing What are the two types of property? - correct answers real and personal CA DRE Salesperson Exam Questions and Answers (Latest Update 2024/2025) Verified Answers What four things make up real property? - correct answers 1) land; 2) anything affixed and regarded as permanent part of the land; 3) anything incidental or appurtenant to the land; 4) anything immovable from land Besides the earth, i.e. soil and rocks, what else do you own when you own land? - correct answers The air space above the land and space beneath the land. What types of things are considered "affixed" to the land? - correct answers bridges, trees, buildings and anything affixed to the buildings, ie doors. What are waterways, easements, access or other benefits associated with land considered? - correct answers incidental or appurtenant to the land What are the four different duration types that are associated with estates? - correct answers 1) estates of inheritance or perpetual estates 2) estates for life 3) estates for years 4) estates at will If property is not real property, than what type of property is it? - correct answers Personal property What are three kinds of personal property? - correct answers 1) money 2) movable goods/chattels 3) evidence of debt What are fixtures? - correct answers Personal property that is attached to land so that it becomes a part of the real property. What are the five tests used by the courts to determine if an item is a fixture? - correct answers MARIA M ethod of attachment A greement as to nature of property R elationship of parties (landlord/tenant) I ntention A daptability for ordinary use What are the three most common methods of describing property? - correct answers 1) recorded map; 2) by US Government section and township; 3) metes and bounds In townships and sections, what are the horizontal and vertical lines called? - correct answers Base lines (horizontal) Meridians (vertical) What are a grid of base lines and meridian lines (horizontal and vertical lines) called? - correct answers Ranges and township lines How many miles apart are ranges and township lines? - correct answers Six miles apart. What are the three main sets of base and meridian lines in California? - correct answers 1) Humbolt 2) Mt. Diablo 3) San Bernardino A square created by the intersection of a range and township line? - correct answers a township How many square miles are in a township? - correct answers 36 square miles