REAL ESTATE PRINCIPLES -2025- FINAL EXAM
ACTUAL QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+ GUARANTEED SUCCESS
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
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
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
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:
$75,000
Which of the following appraisal reports would be the most comprehensive and
complete?
ACTUAL QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+ GUARANTEED SUCCESS
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
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
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
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:
$75,000
Which of the following appraisal reports would be the most comprehensive and
complete?
