Real Estate Principles Final Exam/ 100
Questions with Correct Answers.
The words "procuring cause" would have an important meaning to which of the
following? - Answer: A disputed over commission on an open listing
Which of the following is not an essential element of a contract? - Answer:
Performance
Under the Street Improvement Act of 1911, the city is authorized to assess each
owner for the work completed. These improvements are assessed on the basis of:
- Answer: Front footage
The real estate tax fiscal year is for the period: - Answer: July 1 to July 1
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, The landmark case of the United States Supreme Court which prohibited
discrimination in housing was: - Answer: Jones vs. Mayer
Most real estate syndicates that have been created in California have taken the
form of a: - Answer: Limited partnership
Under the California Veterans Home and Farm Purchase Act of 1974, the
purchaser acquired possession through a: - Answer: Land Contract
Which of the following has the control over the approval of a subdivision under
the Subdivision Map Act? - Answer: Planning Commission
A grant deed: - Answer: Warrants that the property has not been previously
conveyed by the grantor
When an appraiser analyzes the rent while using the income approach, he should
base his appraisal on which of the following characteristics of the income? -
Answer: Durability, quality, and quantity
An income property was appraised for the $100,000 based on a 6% capitalization
rate. If an investor used an 8% capitalization rate, the property would be: -
Answer: $75,000
Which of the following appraisal reports would be the most comprehensive and
complete? - Answer: Narrative
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Questions with Correct Answers.
The words "procuring cause" would have an important meaning to which of the
following? - Answer: A disputed over commission on an open listing
Which of the following is not an essential element of a contract? - Answer:
Performance
Under the Street Improvement Act of 1911, the city is authorized to assess each
owner for the work completed. These improvements are assessed on the basis of:
- Answer: Front footage
The real estate tax fiscal year is for the period: - Answer: July 1 to July 1
Page 1 of 15
, The landmark case of the United States Supreme Court which prohibited
discrimination in housing was: - Answer: Jones vs. Mayer
Most real estate syndicates that have been created in California have taken the
form of a: - Answer: Limited partnership
Under the California Veterans Home and Farm Purchase Act of 1974, the
purchaser acquired possession through a: - Answer: Land Contract
Which of the following has the control over the approval of a subdivision under
the Subdivision Map Act? - Answer: Planning Commission
A grant deed: - Answer: Warrants that the property has not been previously
conveyed by the grantor
When an appraiser analyzes the rent while using the income approach, he should
base his appraisal on which of the following characteristics of the income? -
Answer: Durability, quality, and quantity
An income property was appraised for the $100,000 based on a 6% capitalization
rate. If an investor used an 8% capitalization rate, the property would be: -
Answer: $75,000
Which of the following appraisal reports would be the most comprehensive and
complete? - Answer: Narrative
Page 2 of 15
