NCSO ACSA EXAM PREP: LATEST KEY QUESTIONS AND
ANSWERS FOR AN A+
contract obtained through duress is
a. good
b. voidable
c. void
d valid
b. The injured party has the option to void the contract, therefore, it is voidable
when there is a conflict between different building codes, which code has
precedence?
a. local building codes,
b. state building codes
c. the uniform building code
d. whichever code sets the highest standards for construction and safety
d. The code which sets the highest standards for construction and safety is the code the
builder must follow. remember 'the most restrictive restriction restrict you'
Under no circumstances may a real estate broker
a. receive commissions from both the buyer and the seller
b. appoint a sub agent to perform some of his duties
c. misrepresent material facts
d. sell property he has listed to one of his relatives
c. A real estate broker is never allowed to misrepresent material facts.
which of the following contracts must be in writing in order to be enforceable?
a. a listing to sell a business opportunity
b. a lease of real property for six months
c. a listing to lease real property for one year
d. an agreement which is not to be performed within one year of the making
d. Included in the state of frauds is 'an agreement which is not to be performed within
one year' the other agreements would be enforceable even if oral
,The effective date of a deposit receipt is the date that
a. the deposit was received by the buyers agent
b. the contract was drafted
c. the buyer signed the contract
d. the seller's acceptance was properly communicated to the buyer
99. d. The effective date of the deposit receipt would be the date te seller's acceptance
was communicated to the buyer.
Conversion of apartments to community apartment projects and condominiums
come within the provisions of the California Real Estate Subdivided Lands Law
when they contains how many units
a. two or more
b. three or more
c. five or more
d. all subdivisions come within that law.
c. conversion of apartments to community apartment projects and condominiums comes
within the provisions of the California real estate Subdivided Lands when it contains five
or more units.
1. When Carr conveyed to Jim a portion of his fee estate for a term less than his
own, Carr's interest would be identified as a
a. fee defeasible
b. vested severance
c. reversionary interest
d. leasehold
c. Carr (lessor) has granted a leasehold interest to Jim (lessee). Carr hold a
reversionary interest in that the possession will revert to Carr upon termination of the
lease.
Under the California Environmental Quality Act, if a city or county agency
determines that a proposed project has no significant effect on the environment
and that a full environmental impact report is not required, the public agency will
issue a
a. declaration of approval
, b. positive declaration
c. negative declaration
d. declaration of support
c. Under the California Environmental Quality Act, any city or county agency having
jurisdiction under the law would issue a negative declaration in the event that a
subdivision proposes no significant effect on the environment.
In real estate transaction, the term 'reversion' would most nearly mean
a. the interest held by the landlord in property which has been leased
b. the interest held by the life tenant in a life estate
c. the interest of a beneficiary under a trust deed
d. the right of the state to acquire property by condemnation
a 'Riversion' indicates that one party's interest will revert, go back, to another The right
to future possession will revert to the landlord.
What actually considered to be the most crucial factor in planning a subdivision?
a. an accurate site analysis
b. an accurate analysis of the community facilities
c. an accurate market analysis
d. an accurate construction analysis
c. An accurate market analysis is critical if a profit is to be made
Each of the following is considered personal property, except
a. a corn crop prior to harvest
b. oranges that have not yet been picked, but which have been sold under
contract
c. stock in a mutual water company
d. Minerals
c. Stock in a mutual water company is always real property. Crops before harvest may
be either real or personal property, Corn crops must be planted annually and are usually
personal property. All corps mortgaged or sold prior to harvest, they become personal
property. Minerals such as gold, when removed from the ground, become personal
property.
ANSWERS FOR AN A+
contract obtained through duress is
a. good
b. voidable
c. void
d valid
b. The injured party has the option to void the contract, therefore, it is voidable
when there is a conflict between different building codes, which code has
precedence?
a. local building codes,
b. state building codes
c. the uniform building code
d. whichever code sets the highest standards for construction and safety
d. The code which sets the highest standards for construction and safety is the code the
builder must follow. remember 'the most restrictive restriction restrict you'
Under no circumstances may a real estate broker
a. receive commissions from both the buyer and the seller
b. appoint a sub agent to perform some of his duties
c. misrepresent material facts
d. sell property he has listed to one of his relatives
c. A real estate broker is never allowed to misrepresent material facts.
which of the following contracts must be in writing in order to be enforceable?
a. a listing to sell a business opportunity
b. a lease of real property for six months
c. a listing to lease real property for one year
d. an agreement which is not to be performed within one year of the making
d. Included in the state of frauds is 'an agreement which is not to be performed within
one year' the other agreements would be enforceable even if oral
,The effective date of a deposit receipt is the date that
a. the deposit was received by the buyers agent
b. the contract was drafted
c. the buyer signed the contract
d. the seller's acceptance was properly communicated to the buyer
99. d. The effective date of the deposit receipt would be the date te seller's acceptance
was communicated to the buyer.
Conversion of apartments to community apartment projects and condominiums
come within the provisions of the California Real Estate Subdivided Lands Law
when they contains how many units
a. two or more
b. three or more
c. five or more
d. all subdivisions come within that law.
c. conversion of apartments to community apartment projects and condominiums comes
within the provisions of the California real estate Subdivided Lands when it contains five
or more units.
1. When Carr conveyed to Jim a portion of his fee estate for a term less than his
own, Carr's interest would be identified as a
a. fee defeasible
b. vested severance
c. reversionary interest
d. leasehold
c. Carr (lessor) has granted a leasehold interest to Jim (lessee). Carr hold a
reversionary interest in that the possession will revert to Carr upon termination of the
lease.
Under the California Environmental Quality Act, if a city or county agency
determines that a proposed project has no significant effect on the environment
and that a full environmental impact report is not required, the public agency will
issue a
a. declaration of approval
, b. positive declaration
c. negative declaration
d. declaration of support
c. Under the California Environmental Quality Act, any city or county agency having
jurisdiction under the law would issue a negative declaration in the event that a
subdivision proposes no significant effect on the environment.
In real estate transaction, the term 'reversion' would most nearly mean
a. the interest held by the landlord in property which has been leased
b. the interest held by the life tenant in a life estate
c. the interest of a beneficiary under a trust deed
d. the right of the state to acquire property by condemnation
a 'Riversion' indicates that one party's interest will revert, go back, to another The right
to future possession will revert to the landlord.
What actually considered to be the most crucial factor in planning a subdivision?
a. an accurate site analysis
b. an accurate analysis of the community facilities
c. an accurate market analysis
d. an accurate construction analysis
c. An accurate market analysis is critical if a profit is to be made
Each of the following is considered personal property, except
a. a corn crop prior to harvest
b. oranges that have not yet been picked, but which have been sold under
contract
c. stock in a mutual water company
d. Minerals
c. Stock in a mutual water company is always real property. Crops before harvest may
be either real or personal property, Corn crops must be planted annually and are usually
personal property. All corps mortgaged or sold prior to harvest, they become personal
property. Minerals such as gold, when removed from the ground, become personal
property.
