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150 Cards in this Set

  • Front
  • Back
1
C
a bill of sale
2
C
title
3
C
you, the buyer
4
D
both
5
B
30 days
6
A
$750
7
C
requires a title insurance company not only to charge for a report, but also to make a sincere effort to collect
8
C
vacant land
9
C
subtract the cost of removing the worthless building from the current value of the lot
10
A
in exchange for cash
11
A
$20,000
12
A
economic life
13
D
secret profit
14
D
a written summary of the chain of title
15
A
the division of the total commission that comes to a brokerage between the broker and a salesperson
16
A
4,000 square feet
17
A
set the proportional assessment the property owner will pay on
18
D
net effect on income
19
A
valid
20
C
contract of money
21
D
FHA
22
B
the receiver of title is called the grantee
23
C
an estate for years
24
C
obtain the written consent of the seller
25
B
endorsement
26
D
net listings are encouraged in california, because they avoide conflicts of interest in the agency relationship
27
D
anything that effects or limits or burdens the title to property
28
B
$97,100
29
C
the interest paid on the loan
30
B
outside dimensions of a house
31
C
10%
32
C
a recorded deed is presumed delivered and accepted
33
B
exclusive agent for the buyer informing buyer that the seller will accept lss
34
A
three months after a notice of default is recorded
35
B
$67,826
36
C
the promissory note is the instrument used to bring a deficiency action to court
37
A
pprinciple of progression
38
D
both b and c
39
B
20
40
which of the following dimmensions is equivalent to an acre?
D
all of the above


180' x 242'
1/640 of a section
43,560 square feet
41
C
a corporation leasing 3 or more of its own properties
42
A
a negotiable insturment
43
A
assume the trust deed an note
44
C
tort
45
A
the property has already been sold and the escrow has closed
46
C
land contract
47
D
contract of pledge
48
C
a wall with no windows or doors
49
D
all of the above
50
D
torrens title insurance
51
B
loan funds on new construction and better type properties
52
D
management costs
53
D
it should be considered prior to remodeling
54
C
return the deposit to the buyer
55
D
assessed value
56
B
based on capitalization of net income
57
C
a sovereign grant
58
C
limited partnership
59
B
a court proceeding to sever a joint ownership
60
C
a loan of cash to an existing owner of real property to buy an automobile
61
D
no further notice is required because he has complied with both laws governing subdvided lands
62
A
purchase price
63
B
worth
64
B
trustor
65
A
1991
66
A
never
67
D
all of the above
68
B
for the benefit of the trustor and the beneficiary
69
B
notify the buyer and sell and obtain written insturctions as which report to use
70
C
a liability
71
A
o
72
D
a property tax bill for real property
73
A
dominant tenement
74
D
department of fair employment and housing
75
D
functional obsolescence
76
B
5 acres
77
B
a section contains one square mile
78
B
lessee
79
A
private lenders
80
C
unruh civil rights act
81
D
dividing the verified sales price of the property by the gross monthly rental
82
B
sections 12,24,14,11 and 23`
83
D
signs the note as maker
84
D
tittle VIII, civil rights act of 1968
85
C
selling price of comparable residences
86
B
is shorter than its physical life
87
B
reporduction
88
B
99 years
89
C
theory of surplus productivity
90
D
any of the above
91
C
the uniform commercial code
92
A
the lien period has expired
93
A
16-2/3%
94
B
rent
95
C
in community property
96
B
an encroachment
97
B
3 days
98
D
a unilateral rescission
99
C
in severalty
100
B
ajoinment at there borders by the dominant and servient tenement
101
D
vallid
102
B
make sure that conditions an terms are met prior to the settlement of the transaction
103
D
must disclose the planned freeway whether the prospect asks or does not ask
104
B
date of recording
105
A
Cal-Vet Financing
106
C
four months
107
C
political obsolescence
108
B
U.S Rectangular survey
109
D
segregate
110
A
length of residency in california
111
B
be given to the client
112
D
none of the above
113
A
appurentance
114
C
estate for years
115
D
the listing broker
116
A
percentage lease based on the gross income with a minimum rental guarantee and the lessee to pay the taxes
117
A
investigate as the law requires
118
B
need not be recorded to convey title
119
A
an outline of porcedures by which an office operates
120
D
all of the above
121
D
zoning limitations
122
D
consideration
123
C
land contract
124
B
closely aligned pillars inside of a store
125
B
stock in a mutual water company
126
B
provide evidence of the change of title or transfer of interest
127
B
fraudulent misrepresentation
128
B
anchor bolt
129
C
$147.000
130
B
appraisers
131
A
the broker who is the procuring cause
132
D
utility, scarcity, demand, and transferability
133
B
he acts in excess of the terms of his contract
134
D
tenants in common
135
B
the institute of real estate management
136
C
a contract to offer to sell
137
C
leverage
138
D
be color blind
139
A
broker and seller for using fraudulent statements
140
C
trustor
141
A
1
142
C
vacancy factor
143
A
the desirability and usefulness of the porperty are such that it would be easily marketable at the asked price
144
A
homesteading
145
D
no, water company stock runs with the land
146
D
none of the above
147
B
april 15
148
D
none of the above
149
B
buyer
150
B
principal of substitution