REAL SETATE PRINCPLE FINAL EXAM SET OF QUESTINS AND
CORRECT ANSWERS ALREAY GADED A+ GUARANTEED SUCCESS
Before a mechanics lien is effective it must be:
Verified and recorded
When a property is sold during a tight money market and the existing loan contains an alienation
clause, which of the following is most likely to occur?
Buyer will secure new financing
Which of the following would be considered a quiet title action?
Court action to remove a cloud on the title
Discrimination by a real estate licensee based on race is:
A violation of the regulations of the Real Estate Commissioner, against public policy, and
unethical
Upon the signing of a real property sales contract:
An equitable title passes to purchaser
Which of the following would be a discriminatory act under the Commissioner's Regulations?
Posting a sign on the property indicating a preference for female renters, designing an ad for
general circulation appealing to persons of a specific religion to purchase within a given area,
and refusing to list a property in an area occupied by persons of a race other than the licensee.
The type of interest usually charged on home loans is:
Simple
A landowner is notified by a railroad company that it plans to cross his property with a railroad
line. If the landowner refuses, the railroad company can proceed by the use of:
Eminent domain
Title to real property that is transferred by a will is considered:
A devise
A real estate broker received 40 acres of land valued at $300 per acre as a commission from the
seller. Two weeks after escrow closed, the broker was offered $400 per acre for the land. If the
broker accepts the offer he:
Will be acting in an acceptable manner
, All California Real Estate Laws are created by:
Acts of the legislature
The 36 sections in a township are numbered from 1 through 36. Section 1 is located in the:
Northeast corner
The words "procuring cause" would have an important meaning to which of the following?
A disputed over commission on an open listing
Which of the following is not an essential element of a contract?
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:
Front footage
The real estate tax fiscal year is for the period:
July 1 to July 1
The landmark case of the United States Supreme Court which prohibited discrimination in
housing was:
Jones vs. Mayer
Most real estate syndicates that have been created in California have taken the form of a:
Limited partnership
Under the California Veterans Home and Farm Purchase Act of 1974, the purchaser acquired
possession through a:
Land Contract
Which of the following has the control over the approval of a subdivision under the Subdivision
Map Act?
Planning Commission
A grant deed:
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?
Durability, quality, and quantity
CORRECT ANSWERS ALREAY GADED A+ GUARANTEED SUCCESS
Before a mechanics lien is effective it must be:
Verified and recorded
When a property is sold during a tight money market and the existing loan contains an alienation
clause, which of the following is most likely to occur?
Buyer will secure new financing
Which of the following would be considered a quiet title action?
Court action to remove a cloud on the title
Discrimination by a real estate licensee based on race is:
A violation of the regulations of the Real Estate Commissioner, against public policy, and
unethical
Upon the signing of a real property sales contract:
An equitable title passes to purchaser
Which of the following would be a discriminatory act under the Commissioner's Regulations?
Posting a sign on the property indicating a preference for female renters, designing an ad for
general circulation appealing to persons of a specific religion to purchase within a given area,
and refusing to list a property in an area occupied by persons of a race other than the licensee.
The type of interest usually charged on home loans is:
Simple
A landowner is notified by a railroad company that it plans to cross his property with a railroad
line. If the landowner refuses, the railroad company can proceed by the use of:
Eminent domain
Title to real property that is transferred by a will is considered:
A devise
A real estate broker received 40 acres of land valued at $300 per acre as a commission from the
seller. Two weeks after escrow closed, the broker was offered $400 per acre for the land. If the
broker accepts the offer he:
Will be acting in an acceptable manner
, All California Real Estate Laws are created by:
Acts of the legislature
The 36 sections in a township are numbered from 1 through 36. Section 1 is located in the:
Northeast corner
The words "procuring cause" would have an important meaning to which of the following?
A disputed over commission on an open listing
Which of the following is not an essential element of a contract?
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:
Front footage
The real estate tax fiscal year is for the period:
July 1 to July 1
The landmark case of the United States Supreme Court which prohibited discrimination in
housing was:
Jones vs. Mayer
Most real estate syndicates that have been created in California have taken the form of a:
Limited partnership
Under the California Veterans Home and Farm Purchase Act of 1974, the purchaser acquired
possession through a:
Land Contract
Which of the following has the control over the approval of a subdivision under the Subdivision
Map Act?
Planning Commission
A grant deed:
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?
Durability, quality, and quantity
