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20 Cards in this Set
- Front
- Back
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A BROKER IS TRYING TO FIND OUT THE SIZE AND LOCATION OF CONCRETE PIERS, FOOTINGS, AND OTHER SUB-FLOOR DETAILS. SHE SHOULD CONSULT: |
a) an elevation b) the site plan c) the floor plan d) the foundation plan |
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THE PARALLEL MEMBERS THAT SUPPORT THE WEIGHT OF THE FLOOR AND CEILING ARE CALLED: |
a) joists b) rafters c) studs d) sub-flooring |
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THE DIMENSIONS OF FOUR PIECES OF LUMBER ARE SHOWN BELOW. WHICH REFLECTS THE DIMENSIONS OF ONE BOARD FOOT? |
a) Six inches long, twelve inches wide, one inch thick b) Six inches long, twelve inches wide, two inches thick c)Six inches long, six inches wide, one inch thick d) Twelve inches long, twelve inches wide, six inches thick |
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A ROOF THAT RISES UPWARDS FROM ALL FOUR SIDES TO MEET AT THE RIDGE IS CALLED A: |
a) flat roof b) gable roof c) hip roof d) gambrel roof |
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THE TERM "POTABLE" IS USED IN REFERENCE TO: |
a) septic tanks b) dirt fill c) cement d) water |
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INSULATION'S EFFECTIVENESS IS RATED USING AN "R-VALUE," WITH THE "R" REPRESENTING: |
a) required level b) room temperature
c) radiation flow d) resistance to heat flow |
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UNDER CALIFORNIA LAW, PEST CONTROL OPERATORS ARE REQUIRED TO: |
a) charge no more than $200 for an inspection b) provide a copy of a pest control report the owner of the property within ten days of the inspection c) provide additional copies of a pest control report to any additional party, free of charge d) complete inspections before escrow closes |
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THE REPAIR OF BROKEN APPLIANCES IS CATEGORIZED AS: |
a) corrective maintenance b) preventive maintenance c) housekeeping d) functional maintenance |
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A CONTACT WHERE ONE PARTY MAKES REGULAR INSTALLMENT PAYMENTS AND THE OTHER PARTY MAKES PAYMENT CONDITIONED ON A SPECIFIC EVENT HAPPENING IS KNOWN AS: |
a) an insurance policy b) an option agreement c) a sale-leaseback d) a deed of trust |
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FIRE INSURANCE IS A CONTRACT OF INDEMNITY. THIS MEANS THAT IF THE CORRECT AMOUNT OF COVERAGE IS MAINTAINED, THE INTENDED RESULT OF THE POLICY IS THAT THE INSURED: |
a) may profit, but will not suffer a loss b) will neither profit nor suffer a loss c) may lose, but definitely will not profit d) None of the above |
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THE THREE PHASES OF BUILDING A HOME ARE: |
a) land acquisition, development, and construction b) financing, building, and resale c) subdivision planning, building, and brokerage d) design construction, and occupancy |
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IF A STRUCTURAL PEST CONTROL REPORT HAS BEEN PREPARED FOR A PROPERTY WITHIN THE PREVIOUS TWO YEARS, A COPY OF THE REPORT CAN BE REQUESTED FROM THE STRUCTURAL PEST CONTROL BOARD BY: |
a) the buyer b) the seller c) any party involved in the transaction d) any person |
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WHEN A PROPERTY IS SOLD, A COPY OF A REQUIRED STRUCTURAL CONTROL REPORT MUST BE DELIVERED TO THE: |
a) buyer b) seller c) escrow officer d) title company |
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STRUCTURAL PEST CONTROL REPORTS ARE FILLED WITH THE: |
a) Bureau of Real Estate b) Real Estate Commission c) Department of Pesticide Regulation d) Structural Pest Control Board |
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IN RESIDENTIAL CONSTRUCTION, A FOOTING IS: |
a) a beam running under the floor boards near the bearing wall b) a board attached with bolts to the foundation wall c) a concrete block located under a floor joist d) the wider part of the base of the foundation wall |
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WHEN APPRAISING A HOME LOCATED ON A HILL, THE APPRAISER FINDS THAT SOME OF THE DOORS AND WINDOWS DO NO CLOSE PROPERLY. HE ALSO SEES SEVERAL CRACKS IN THE FOUNDATION. WHAT TYPE OF DOCUMENT SHOULD BE ORDERED? |
a) An earthquake insurance policy b) A soil engineer's report c) A structural pest control report d) All of the above |
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IN REAL ESTATE, EQUITY IS DEFINED AS: |
a) the difference between the property's market value and the outstanding liens against it b) the initial downpayment on the property c) the difference between the loan amount and the property value d) All of the above |
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AN INVESTOR WISHING TO APPLY THE PRINCIPLE OF LEVERAGE SHOULD INVEST USING: |
a) as much of his personal funds as possible b) a mix of personal and borrowed funds c) borrowed funds as much as possible d) funds borrowed only from family and friends |
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IF A COMMERCIAL LINE CENTER IS LOCATED IN A SINGLE LINE ALONG A MAJOR STREET, IT IS REFERRED TO AS A/AN: |
a) outdoor shopping mall b) commercial line c) shopping line d) strip commercial development |
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THE AUTHORITY OF THE PROPERTY MANAGER TO ENTER INTO LEASES OF UNITS IN THE MANAGED PROPERTY APPEARS IN THE: |
a) Real Estate law b) property management agreement c) management proposal d) marketing plan |
