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SOCIAL SCIENCE EXAM #2 TEST ACTUAL EXAM COMPLETE 200- QUESTIONS AND CORRECT DETAILED ANSWERS

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SOCIAL SCIENCE EXAM #2 TEST ACTUAL EXAM COMPLETE 200- QUESTIONS AND CORRECT DETAILED ANSWERS

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SOCIAL SCIENCE EXAM #2

TEST 2024-2025 ACTUAL EXAM COMPLETE 200-

QUESTIONS AND CORRECT DETAILED ANSWERS

Quiz The property taxes for a condominium unit are paid by the:


a) board of governors.

b) homeowners' association (HOA).

c) owner of the condominium.

d) subdividers who constructed the property.

Ans: c) owner of the condominium.

Quiz Which of the following action does not constitute constructive eviction under a
lease?


a) The owner fails to make necessary repairs to the property.

b) The owner makes extensive and unnecessary changes to the building, making it
no longer usable for its original purpose.

c) The owner shows the property to a new prospective tenant and enters into lease
negotiations with the new tenant.

d) The owner evicts the tenant after proper service of a Three-day Notice to Quit.

Ans: d) The owner evicts the tenant after proper service of a Three-day Notice to
Quit.

Quiz What are the three steps of the agency disclosure in proper chronological
order?

,a) Elect, confirm, disclose.

b) Confirm, elect, disclose

c) Disclose, confirm, disclose.

d) Disclose, elect, confirm.

Ans: d) Disclose, elect, confirm.

Quiz A broker who simultaneously represents the best interests of both opposing
parties in a transaction is known as a(n):


a) finder.

b) dual agent.

c) subagent.

d) unlawful agent.

Ans: b) dual agent.

Quiz Barnard made an offer to buy a vacant residence. The offer was accepted by
the seller. Prior to the close of escrow, Barnard requested permission from the
broker to enter and make minor repairs to the house. Which of the following is true?


a) The broker is to get a signed rental agreement from Barnard before allowing him
to enter.

b) Barnard doesn't need permission from anyone since he is the equitable owner of
the property.

c) The broker needs to get the seller's permission.

d) Bernard may only enter to conduct repairs that correct material defects in the
property.

Ans: c) The broker needs to get the seller's permission.

Quiz Broker Sarah delivered an offer to purchase real property to Owner Martha.
Owner Martha asked for 24 hours to consider the offer. Later that same day, Broker
Sarah received two additional offers through other brokers. Broker Sarah believes
the owner will reject all three offers. In order to comply with the law, Broker Sarah is
to:

,a) hold the new offers until Owner Martha has made a decision on the first offer, then
present the other offers.

b) present the two additional offers in the order they arrived.

c) simultaneously present the two additional offers to Owner Martha as soon as
possible.

d) refuse to receive the offers until Owner Martha decides not to accept the original
offer.

Ans: c) simultaneously present the two additional offers to Owner Martha as soon as
possible.

Quiz What contributes to the value of a well planned neighborhood versus a poorly
planned neighborhood?


a) Nonconforming improvements.

b) Inconsistent improvements.

c) Improper orientation.

d) Conformity of size and style.

Ans: d) Conformity of size and style.

Quiz An appraiser views the addition of an amenity to an apartment building under
which appraisal principle?


a) Substitution.

b) Contribution.

c) Anticipation.

d) Progression.

Ans: b) Contribution.

Quiz What type of depreciation is the most challenging to correct?


a) Functional.

b) Economic obsolescence.

, c) Physical.

d) Wear and tear.

Ans: b) Economic obsolescence.

Quiz Return of an investor's investment is provided for through:


a) sinking funds.

b) depreciation.

c) a reserve for replacement.

d) profit.

Ans: b) depreciation.

Quiz The maximum number of properties that can be covered by a trust deed without
a blanket encumbrance is:


a) three.

b) two.

c) one.

d) there is no limit.

Ans: c) one.

Quiz Heather, a single mother, is able to get down payment assistance as well as a
below market rate of interest on her mortgage. What type of mortgage did she
receive?


a) CalVET.

b) U.S. Department of Veterans Affairs (VA)-guaranteed loan.

c) Federal Housing Administration (FHA)-insured loan.

d) California Housing Financing Agency (CalHFA).

Ans: d) California Housing Financing Agency (CalHFA).

Quiz Deficiency judgments can only be granted when:

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