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CA Real Estate Exam- Practice Questions And Answers

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CA Real Estate Exam- Practice Questions And Answers /.Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - Answer-Place the beneficiary in a precarious position should the borrower die before the debt is paid. /.Joint tenant estate held by two joint tenants is severed and ended by the following: - Answer-A foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the joint tenants sell his interest. /.A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a mortgage loan. The mortgage that he will obtain will probably be? - Answer-A blanket mortgage /.All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: - Answer-Mortgages his or her share /.Avulsion - Answer-Is the sudden tearing away of land by the the action of water /.When appraising a home build in 1910 the appraiser must use: - Answer-Today's cost and today's reproduct ion cost /.The appraiser gives an 30 year old home a rating of 6 years is called: - Answer-Effective age /.a home painted in 1972, even if the seller repainted the property a lead based paint booklet is required, if not, the ommission allows the buyer to: - Answer-cancel the transaction. /.Not funtional obsolescense - - Answer-Proximity of nuisances /.Intestate means: - Answer-Someone that left no will /.A principle may request an accounting from the real estate agent of his funds : - Answer-At any time /.The seller's responsibility is to transfer the property: - Answer-Free and clear /.When compare to real estate, stocks and bonds are: - Answer-More liquid /.Which of the following are liens? - Answer-Incometax Judgements Attachment /.subagents: - Answer-They work for the seller /.If a builder pays $35 an hour to a hostess, to perform an open house, to answer questions: - Answer-a license is required to answer questions /.Who must disclose Mello - Answer-Seller (OWNER) /.if the electrical was intalled by the son-in-law of the seller, and not to code and the buyer moves in, and after, the property catches on fire : - Answer-the real estate agent is innocent of any wrong doing /.Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that something was not properly disclose by Miles and Olsten, this is called: - Answer-Fraud /.Logan sold a home to Hughes, if Hughes backs out: - Answer-Logan can sue for a specific performance /.A buyer pays for which of the following? - Answer-Escrow, Title, Insurance /.The granting of doing business or to sell a product under a name with restrictions from the grantor is called: - Answer-Franchise /.Agents may get sued for: - Answer-Any Wrong doing /.A person who is delegated in an intrument to legally do something for another person in his stead is called - Answer-Attorney in fact /.The terms of exclusive right to sell listing are - Answer-The exact requirements of the sellers instructions /.An advertisement to lease properties only to married couple is - Answer-Illegal /.The offers must be presented: - Answer-even if they are oral and in writing /.Intangible personal property: - Answer-is not taxible /.The real estate commissioner" - Answer-Promulgates the real estate law

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CA Real Estate Exam- Practice
Questions And Answers

/.Two friends hold title as joint tenants. One borrowed money and executed a deed of
trust against the property. In terms of affecting title this action could: - Answer-✅Place
the beneficiary in a precarious position should the borrower die before the debt is paid.

/.Joint tenant estate held by two joint tenants is severed and ended by the following: -
Answer-✅A foreclosure by one of the joint tenants. One of the joint tenants transfers his
interest to a third party. One of the joint tenants sell his interest.

/.A man owns six seperate parcels of real property. He wants to offer all of the parcels
as security for a mortgage loan. The mortgage that he will obtain will probably be? -
Answer-✅A blanket mortgage

/.All of the following acts of one joint tenant terminates a joint tenancy except when the
joint tenant: - Answer-✅Mortgages his or her share

/.Avulsion - Answer-✅Is the sudden tearing away of land by the the action of water

/.When appraising a home build in 1910 the appraiser must use: - Answer-✅Today's
cost and today's reproduct ion cost

/.The appraiser gives an 30 year old home a rating of 6 years is called: - Answer-
✅Effective age

/.a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - Answer-✅cancel the transaction.

/.Not funtional obsolescense - - Answer-✅Proximity of nuisances

/.Intestate means: - Answer-✅Someone that left no will

/.A principle may request an accounting from the real estate agent of his funds : -
Answer-✅At any time

/.The seller's responsibility is to transfer the property: - Answer-✅Free and clear

/.When compare to real estate, stocks and bonds are: - Answer-✅More liquid

, /.Which of the following are liens? - Answer-✅Incometax
Judgements
Attachment

/.subagents: - Answer-✅They work for the seller

/.If a builder pays $35 an hour to a hostess, to perform an open
house, to answer questions: - Answer-✅a license is required to answer questions

/.Who must disclose Mello - Answer-✅Seller (OWNER)

/.if the electrical was intalled by the son-in-law of the seller,
and not to code and the buyer moves in, and after, the
property catches on fire : - Answer-✅the real estate agent is innocent of any wrong
doing

/.Miles sold a home to North with the help of Olsten, if the buyer (North) finds out that
something was not properly disclose by Miles and Olsten, this is called: - Answer-
✅Fraud

/.Logan sold a home to Hughes, if Hughes backs out: - Answer-✅Logan can sue for a
specific performance

/.A buyer pays for which of the following? - Answer-✅Escrow, Title, Insurance

/.The granting of doing business or to sell a product under a name with restrictions from
the grantor is called: - Answer-✅Franchise

/.Agents may get sued for: - Answer-✅Any Wrong doing

/.A person who is delegated in an intrument to legally do something for another person
in his stead is called - Answer-✅Attorney in fact

/.The terms of exclusive right to sell listing are - Answer-✅The exact requirements of
the sellers instructions

/.An advertisement to lease properties only to married couple is - Answer-✅Illegal

/.The offers must be presented: - Answer-✅even if they are oral and in writing

/.Intangible personal property: - Answer-✅is not taxible

/.The real estate commissioner" - Answer-✅Promulgates the real estate law

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