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213 Cards in this Set
- Front
- Back
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The boards covering the exterior studs or rafters are known as... |
Sheathing ( they are covered by siding) |
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Which of the following does NOT belong with the group? Adobe, caliche, expansive, deciduous. |
Deciduous refers to a hardwood tree. The others are soil types. |
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The square footage of the house is normally figured by taking the.. |
exterior dimensions excluding the garage |
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The floor space of a house is normally figured by... |
Taking the interior dimensions of the house |
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A bearing wall... |
Would be taken into consideration in remodeling. Carries the weight of house to the ground |
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Which of the following would not be continuous? Rafters and ridge board, sole plate and studs, joists and headers, mudsill and anchor bolts. |
Joists and headers. They are on different planes. |
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Sub flooring would be nailed to the... |
Floor joists |
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Which of the following are horizontal members in a wall? |
Fire blocks, between the studs |
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A four story apartment building without an elevator would be a... |
Walk-up |
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Conditions pretaining most closely to the life of a wood shingle roof would be... |
The pitch of the roof, a greater pitch means longer life |
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Which of the following would not be continuous to a rafter? Ridge board, ceiling joist, collar beam, all are continuous. |
All are contiguous |
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As to new mobile home just installed for occupancy which of the following is true? If it is attached to a foundation, it will be taxed as real property. If it is not attached to a foundation, it will be taxed as personal property. If it is sold with the land, the licensee could have sold it. All of these are true. |
All of these are true |
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The owner of a mobile home on wheels that is registered annually with the Department of Housing and Community Development installs new kitchen cabinets using bolts. The cabinets would be considered... |
Personal property, because the mobile home as personal property |
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A single flat plane roof that slants for rain runoff would be a... |
Shed roof |
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A brass marker set by the US Geological Survey showing elevation above sea level is known as a... |
Benchmark |
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Fuses have been replaced in newer structures by... |
Circuit breakers |
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Compaction is important as to... |
Landfill, to stabilize the soil |
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A roof has a 6/ 12 pitch. The angle of the roof would be... |
45 degrees, half of 90 degrees |
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Open roof sheeting will be used within a... |
wood shake roof, to allow air circulation |
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A broker noticed irregular mud lines from the ground to the siding on a home. This would be a likely indicator of... |
Subterranean termites, termite tunnels from the ground to the wood |
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Federal construction standards apply to... |
Mobile homes, the only housing subject to federal construction standards |
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A builders blueprint shows piers. The blueprint is for the... |
Foundation, peers are concrete posts |
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A structure has 6" x 6" posts set 4 feet apart instead of 2" x 4" studs. This construction 2" x 4" studs would be... |
Post and beam |
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An engineer poured water in a hole in the ground to determine how long it remains there. The reason for this test was related to... |
Septic systems, percolation test to see if soil will support a septic system |
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Phil pays the Department of Alcoholic Beverage Control $6000. He is buying a general, off sale, or on sale license from the licensee. He is applying for a new general, off sale or on sale license. Either A or B is true. Neither a nor B is true. |
He is applying for a new general, off sale, or on sale license since the money was paid to ABC. |
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The successor liability of a business refers to... |
Collected but unpaid sales tax. The buyer is liable for the seller's obligation. |
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General liquor licences less than five years old cannot be resold for more than... |
$6,000 |
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Notice of an intended sale of a business is recorded and published the day prior to sell. The sale is... |
Void as to the vendor's creditors. But it is valid between the parties. |
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A balance sheet shows... |
Net worth, assets and liabilities |
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In advance fee is... |
Prepayment of promotional costs in the paper or magazine devoted primarily to describing properties for sale |
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Who would be concerned with the obtaining a clearance receipt in the sale of a business? |
The vendee |
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A certificate a resale is... |
Provided by the purchaser when the purchaser will resell the goods |
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An advance fee rental agent must... |
Give a prospective tenant a written contract |
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Balancing a bank statement with an account is known as... |
Reconciliation -trust accounts are reconciled monthly |
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The term liabilities of a business refers to... |
Claims of creditors, debts owed by the business |
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After publication has been made of a sale the earliest the business can safely be sold is... |
12 days under the bulk sales act |
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To have any effect a bill of sale must... |
Describe the property |
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Colonel cluck wishes to open franchise stores in California. They have had 25 franchises operating for 5 years in Arizona. Their net worth is in excess of $5,000,000. They must... |
They do not have to register with the corporations Commissioner nor post a $10,000 fidelity bond. Colonel cluck meets the registration exemption |
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By checking a profit and loss statement you would find |
Operational results, income and expenses |
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As to the sale of the business in which the bulk Sales Act requirements have not been meant which of the following is true? The sale is valid as to the buyer in the seller Transfer is not enforceable by the parties The sale is void The sale is illegal |
The sale is valid as to the buyer and the seller but void as to creditors |
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An auctioneer who sells at auction and fails to comply with a bulk sales act |
Is personally liable to creditors of the vendor |
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A large feed wholesaler wishes to sell 100,000 pounds of bulk feed to a dealer. He or she should comply with |
Neither the bulk sales act nor the franchise investment law, not a bulk sale |
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The ABC will not issue an alcoholic beverage license to A social or fraternal organization established 2 months ago A married woman An alien A seasonal resort |
A social or fraternal organization established 2 months ago, must be established 1 year |
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The capital turn over of a real estate investor is ___ of the average vendor. |
Much less than, is illiquid |
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State sales tax on the fixture of a business being sold will never be |
Waived by the transferor |
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Sales taxes normally are required to be remitted to the State Board of Equalization |
Quarterly but some businesses pay monthly or annually |
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A detailed listing of the physical assets of a business will be found in a |
Inventory sheet |
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Compliance with the bulk sales Act requires publication at least 12 days prior to the sale in |
A paper of general circulation within the judicial district where the property is located |
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The financing statement or personal property in the sale of the business would most likely be filed with the |
Secretary of State |
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A 6000 dollar fee is |
Neither the annual fee for general on sale license nor the annual fee for general off sale license, it is a one time original fee to the State |
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All of the following terms have something in common except: clearance receipt, State Board of Equalization, successor liability, real estate commissioner |
Real estate Commissioner, the others deal with sales tax |
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Turnover refers to |
The number of times an inventory is sold |
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And on sale liquor license may be transferred |
From person to person or from premises to premises |
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The least important element of goodwill is: store policies, knowledgeable and pleasant employees, advertising history, a modern store |
Modern store |
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The term cash flow refers to |
The difference between receipts and all cash expenses, spendable cash |
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Goodwill cost for on sale or off sale general alcoholic beverage license less than 5 years cannot exceed |
Average monthly sales based on the previous 12 months |
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Liquidity of a firm would be best described as the ratio of |
Current assets to current liabilities, ability to pay off current depts |
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To be enforceable listings of business opportunities |
Do not always have to be in writing |
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How business balance sheet include all except: goodwill, inventory, gross sales, accounts payable |
Gross sales, this appears on the profit and loss statements |
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Since there are county and state sales taxes |
The state collects both and remit a portion to the county |
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The maximum sale price for a resale of a general off sale license originally issued in July 1st 1959 when the current owner has had a license for only one year is |
There is no limit, since over 5 years olds |
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A business owner fails Tremont $1000 in collected sales tax in a timely manner. He is also guilty of fraud. The maximum penalty he can be assessed is |
$350, 10% for late payment and 25% for fraud |
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Jane purchase a car in Oregon and wishes to license it in California. She is going to be taxed. This tax based on value is |
A use tax, the same amount of sales tax |
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An unlicensed assistant can |
Sit an open house, host or hostess only |
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A listing of buildings and outbuildings will most likely be required for |
Fire insurance policy |
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A balance sheet which show |
Wholesale value of inventory |
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The acid test ratio for cash on hand. ( includes securities readily converted to cash) to current liabilities is |
1:1 |
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the term short rate describes |
Insurance refund when the insured cancels, the seller should transfer the policy to avoid a short rate refund |
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If you were planning a suburban shopping center one of the first things you would consider is |
The purchasing power of the area |
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Which of the following is true? A regional shopping center requires a population of two hundred thousand or more. A community shopping center would be supported by a population of 100,000 or less. A small neighborhood shopping center requires 7,000 to 18,000 population. All of these are true. |
All of these are true |
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A right to use a marketing plan will be described as |
Franchise |
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The least desirable business in a shopping center would be |
Real estate office, does not help other tenants |
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The franchise investment law can best be described as |
The disclosure law |
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Accounts Payable of a business would be |
liability |
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After business which of the following is false? Assets minus liabilities equal net worth Income minus expenses equals profit Expenses plus profit equals gross income Gross income - profit equals net |
gross income - profit equals net |
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A broker may not |
Hire unlicensed persons to solicit listings, this activity requires a license |
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Which of the following needs a real estate license? An attorney in fact selling property for his or her principal, an executor of the estate disposing of real property, an attorney taking a listing, none of these |
An attorney taking a listing, the attorney is acting as a broker |
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Real estate licenses are issued for |
4 years |
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Robert a developer who is unlicensed hires Yvonne a broker to sell his property. While yvonne is out of town, Robert shows property, quote prices, and make sales. Yvonne can be fined $500. Yvonne can be fined $50. Robert has violated the real estate law. Neither Robert nor yvonne has done anything wrong. |
Neither Robert nor yvonne has done anything wrong. Robert is selling his own property. |
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Which of the following is true? Every real estate broker must maintain a definite place of business in California. A salesperson advertisements must include the broker's name. All of the above. None of the above. |
All of the above |
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George manages and leases 5 separate properties for an out of state owner, getting an apartment furnished at one of the locations as part payment for the work. |
George needs a real estate license, he is a non resident manager at four of the properties |
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A licensee with a restricted license may be restricted by the Commissioner as to |
The term and area of activity |
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Which of the following indicates an organisation of brokers founded in 1947? NAR, CAR, Realtists, none of these |
Realtists, member of NAREB |
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Dividing office overhead by the number of sales persons gives |
Desk cost |
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Which of the following properties is likely to have the highest degree of liquidity? Single family residence, residential income property, raw land, commercial property |
Single family residence, most readily sold |
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What a person pays to develop a property is known as |
Cost |
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Which of the following incomes would be the highest? adjusted gross income, scheduled gross income, net spendable income, adjusted net income |
Scheduled gross income. gross income based on 100% occupancy and collection |
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A broker's sales people are under contract as independent contractors rather than employees. By doing so the broker will save out of pocket expenses relating to |
Social security, need not make seven and a half percent contribution |
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In choosing a location for an office a broker should be most interested in |
the brokers goals |
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A 3 month period For accounting applies to |
Advance fee brokers |
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Ralph build a swimming pool at his apartment building in order to reduce his vacancy factor. for tax purposes he may: |
Add the cost of the pool to the book value and depreciate it |
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For a tax free exchange on Sharon rental units she should exchange for |
An apartment unit of a greater value and pay cash to balance out the trade. She pays the boot. if she recieved boot, it would be taxable. |
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For tax purposes paul can depreciate |
A mature fruit orchard |
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Street improvements are assessed based on |
Front footage |
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When a seller pays points for tax purposes this would |
Increase the cost basis. It is treated as a sale cost, but buyer points are treated as interest. |
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The term tax shelter is associated with |
Income tax, to shelter income from taxation |
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The California sales tax is |
A tax on personal property, tax on price not value |
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A veteran must apply for tax exemption by |
April 15th |
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Regina city put in a sewer line in front of her a lot. She can expect |
Special assessment |
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A tax on the gross receipts of a broker would be a |
Business license tax, based on volume |
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A property owners tax rate would be set by the |
County Board of Supervisors, the assessor sets the value |
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A married couple sold the home they have lived in for 3 years and realized a $600,000 profit. What would they pay in taxes? |
$15,000, $500,000 exclusion so 15 percent on 100000 dollars |
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Which of the following should have the least impact on property tax rates? Compactness of the area, amount of commercial property in the area, home owners exemptions, large amounts of vacant land |
Homeowners exemptions |
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Gerald sells his residence for $200,000. He purchased the 12 months ago for $220,000. For tax purposes he has |
No loss or gain, there is no lost since the property is a residence |
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Harold sold a lot to dick for $29,420. Dick assumes a first Trust Deed a $17,933. He gives harold $1000 cash and a second trust deed for the balance. The revenue stamp required are |
55 cents per 500 dollars of the seller's equity, $12.65 29420 dollars - 17933 dollars / $500*0.55 |
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Clyde age 53 sells his residence for $160,000. he purchased it for $40,000 18 years earlier. Clyde does not intend to buy another house. What portion of the sale price is taxable? |
None, he has a $250,000 exclusion |
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A veteran who is disabled due to military service and whose only income is his or her $18,000 pension as a property tax exemption of |
More than $150,000, $172,592 |
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a buyer purchased a home on April 15th. The taxes for the year has been paid, but the buyer received the tax bill anyway. This bill is known as a |
Supplemental tax bill, it will reflect the increased assessment for the balance of the year |
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The long term capital gains rate on a gain by a person in a 28% tax bracket is |
15% |
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To be eligible for the universal exclusion a couple must have |
Used it as a permanent residence for two years over a five-year period. Can be taken every two years |
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Special assessments are assessed to each property owner based on |
Benefits derived by the property owner, which may be based on front footage |
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Boot in an exchange would be: Mortgage relief, unlike property received, cash received, all of these |
All of these |
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The party responsible for reporting a sale to the IRS is the |
Escrow |
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The adjusted basis of a taxpayer's residence would be |
Cost plus improvements, can not depreciate your residence |
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The owner of an apartment building would have a number of tax deductions. Which of the following is not a deduction? Interest paid on a mortgage, monthly gardening costs, depreciation, cost to build a swimming pool |
Cost to build a swimming pool, would be added to cost basis and depreciated over life of pool |
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For income tax purposes and income property owner cannot deduct |
Loss of income because of vacancy, it is neither income nor deduction |
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Under FIRPTA how much must a buyer withhold from the sales price when the seller is a US citizen? |
FIRPTA applies only to foreign nationals |
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The capital gains rate for a person in the 10% tax bracket for a gain in 2012 would be |
0 |
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3 years ago the taxpayer had a large capital loss but no gain to offset it. how much of the gain is she allowed to use each year to shelter other income? |
$3,000 |
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An escrow prorated based on ___days in a year. |
360, and 30 days in a month |
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A buyer's escrow statement would not show: The amount and the sellers impound account, unpaid taxes, the value of unused insurance, points to be paid by the seller |
Points to be paid by the seller, they would not affect the buyer |
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The signed escrow instructions disagree with a prior purchase contract. Is to the disagreement, which of the following is true? Parol evidence is admissible to discover true intent, the courts would have to decide what the agreement is, The purchase contract prevails, the escrow instructions prevail |
The escrow instructions prevail, escrow is the leader agreement |
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Which of the following, prorated, would be a credit on the seller's closing? Prepaid insurance, prepaid rents of tenants, all of the above, None of the above |
Prepaid insurance, the seller paid it in advance |
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Which of the following will not terminate an escrow? Agreement of the principles, the broker's order to terminate, inability to meet a contingency, none of these |
the broker's order to terminate, the broker is not a party to escrow |
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A fire insurance policy cost $360 for 3 years. Six and a half months after the insurance policy is taken out, the building is sold in the policy is assumed. On a closing statement: |
The seller would be credited $295 and the buyer debited this amount, prorated at $10 per month |
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In the absence of a closing date the escrow should close |
Within a reasonable period of time |
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A buyer's assumes a Trust Deed. On the Buyers closing statement it would be shown as a |
Credit, it balances against the sale price |
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In escrow statement the term recurring costs pertains to |
Impound account items, taxes and insurance |
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A broker get a deal into escrow. After all papers are signed boot the buyer in the seller die. The escrow agent should |
Continue with Escrow, unless representatives of the deceased agree to cancel |
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Possession in a real estate sale, in the absence of any agreement should be given |
At close of escrow |
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On a real estate closing statement, prepaid rent is always a |
Debit to the seller, & a credit to buyer |
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An escrow company may: Give rebates to brokers for sending business, fill in blanks in the escrow instructions, disregard instructions received from a broker after the escrow instructions are signed none of these |
Disregard instructions received from a broker after the escrow instructions are signed, the broker is not a party to escrow |
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The rebate law: prohibits brokers from repeating commissions to non licensees Prohibits all finders fees, requires escrow to treat brokers like everyone else, All of these |
Requires escrows to treat brokers like everyone else, also prohibits escrow kickbacks to agents |
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An impound account will belong to |
At trustor, it contains prepaid taxes an insurance which were paid by the trustor |
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The title company holding papers for a escrow is a |
Agent, a dual agent of the buyer and the seller prior to closing. After closing it has separate agency duties |
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An escrow officer alters a deed after it has been signed to convey property other than agreed |
The title remains with the grantor, alteration voids the deed |
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A buyer would be protected against a right of a party in possession by |
An extended coverage title insurance |
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The files of a title company of recorded documents on microfilm are known as |
A title plant |
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The exact History of conveyances and encumberances affecting title to property is called |
A chain of title, abstract shows recorded history |
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On the closing statement due and unpaid taxes would be |
A credit to the buyer, a debit to the seller, since the buyer must pay the sellers obligation |
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Closing is scheduled for May 20th 2012. The second property tax installment has been paid. On a Buyers closing statement taxes are |
A debit, taxes are paid through June |
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On a closing statement an existing mortgage is to be assumed by the buyer would be shown as |
A credit to the buyer, a debit to the seller |
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Of definite duration would most likely refer to: A life estate, the periodic tenancy freehold estate, an estate for years |
An estate for years, by definition |
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Although Mr and Mrs Sanchez's five year lease has expired they continue to live on the property and pay the rent semi annually. They have a: |
Periodic tenancy, 6 month period |
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A rental house is located on a farm. The maximum legal lease is |
99 years, it is residential |
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A lessor give a lessee a lease for two years. The lessee does not get around to signing it but moves in. |
The lease is valid unsigned because of the lessee's partial performance, the lessee has accepted the lease by moving in |
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Margaret leases Nathan's store for one year under a verbal lease; starting on that date Margaret fails to take possession and indicates that she will not be bound by the lease |
Margaret is liable under the lease, at least for one year or less is an exception to the statute of frauds |
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A tenant wishes to record her lease. She must have signed it, it must have been witnessed, it must have been signed by the lessor, all of these are true |
It must have been signed by the lessor and acknowledged |
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Which of the following would pay the lowest percentage on a percentage lease? Music Store, furniture store, the prescription drug store, Supermarket |
A supermarket , lower market |
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The highest percentage on a percentage lease would probably be paid by a: Supermarket, barbershop, shoe repair shop, parking lot |
Parking lot, up to 80 percent of gross |
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The term demise is related to which word? alienate, intestate, probate, executor |
Alienate, it is a transfer or alienation of a lease |
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A lease Prohibits assignment without the approval of the lessor. the lessee assigns the lease without approval. The assignment is |
Voidable, at the option of the lessor |
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A lease clause that allows rent to fluctuate based on some stated criterion would be a |
Escalator clause |
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Gianni entered into percentage lease of the tenant. His rent is likely based on a percentage of his: |
Gross receipts, never net because there may be none |
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An estate for years would be created by |
Express agreement since it is for a definite period |
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A landlord can insist on a non refundable |
Tenant screening fee, up to $30 |
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The efficiency of an office building would be measured by |
Ratio of rentable space to total space |
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A lease does not specify when the monthly rent is due. It would be due |
At the end of each rent paying period although parties usually specify at beginning of each period |
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A lease failed to state its term. The lease would be |
A month to month tenancy |
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A landlord may not |
Charge a higher rent for the first month's occupancy. This would be regarded as a non refundable deposit |
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Jones has been Smith's tenant for 13 months on a month to month tenancy. To evict Jones, Smith must give Jones a |
60 days notice, since over 12 months as tenant |
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Missus Aaron who lives in a mobile home park, has purchased a dog as a companion. The park has notified missus Aaron that she must vacate the park within 60 days or get rid of the dog since park rules clearly prohibit pets. Mrs Aaron |
Is entitled to keep her dog subject to reasonable restrictions, one pet allowed in mobile home parks |
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Not required for a lease is |
That'd be in writing, a lease for one year or less be not be in writing but all requirements of a contract apply |
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Section 8 tenant must be given at least ___days notice to vacate |
90, because rental agreement was with a government agency |
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A landlord retain part of a security deposit without providing the tenant with receipts because |
The amount retained was less than $125 |
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A landlord brought an unlawful detainer action against a tenant but the court determined the premises were not habitable. The landlord could be subject to |
The tenants costs and attorney fees, plus a fine up to $5000 |
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In which court would an unlawful detainer action be commenced |
Superior Court, almost all real estate litigation is in the Superior Court. Cannot evict in small claims court |
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A right of first refusal differs from an option in that |
The tenant under the option can force the landlord to sell or lease. Under a right of first refusal the landlord does not have to agree to sell or lease to third party |
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As to zoning which of the following is true? Zoning is never retroactive, zoning takes precedence over deed restrictions, aesthetic values are not an interest in the establishment of zoning, all of these |
Zoning is never retroactive |
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The subdivision map Act requires: Delivery of a copy of the public report to all purchasers, insertion of release clauses when blanket encumberances cover a subdivision, subdividers to file tentative maps with the city or county Planning Commission, all of these |
Subdividers to file tentative maps with the city or county Planning Commission, the map act covers local control |
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In a condominium which of the following could be owned in fee simple? The individual units, the public hallways, the outside yard, all of these |
All of these, fee simple is a degree of ownership. Areas can be owned in common but in fee simple |
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Under the subdivided land Lands Act of the Business and Professions Code, the real estate Commissioner is concerned with: The layout and servicing of streets, the dimensions and placement of drainage and sewage disposal facilities, financial provisions and arrangements to safeguard the vesting of title in the purchaser, none of these |
Financial provisions and arrangements to safeguard the vesting of title in the purchaser, the others are under local control |
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Condominiums have been increasing in popularity primarily because of |
Land cost, higher density housing |
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The requirements of the map act need not be complied with for |
Arizona subdivisions sold in California, there is no local control in Arizona |
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The map Act requires: Planning Commission approval, paved streets, an adequate water supply, all of these |
Planning commision approval |
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A farmer owns 120 acres which he divides into 5 parcels to be leased for agricultural purposes. They are exempt from map Act requirements if they contain: More than 20 acres, 30 acres or more, 40 acres or more, any of these |
Any of these, agriculture excluded |
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Which of the following would be an offsite improvement? Dwelling, garage, streets and curbs septic system |
Streets and curbs |
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Which of the following is true ? a Public report cannot be issued in advertising unless it is used in its entirety, a public report must always be supplied to advertising media all of the above none of the above |
A public report cannot be used in advertising unless it is used in its entirety |
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A broker solicits only the long time residents for listings in an area in which there had been recent sales to minority group numbers. The brokers action would be regarded as: steering, red lining, blockbusting, proper |
Proper, all are commonly owned |
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A broker solicits only the long time residents for listings in an area in which there had been recent sales to minority group numbers. The brokers action would be regarded as: steering, red lining, blockbusting, proper |
Blockbusting, inducing panic selling |
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A subdivided sells 5 lots to Frank, a dealer, who intends to immediately resell them and 5 lots to Gwen who is going to hold them for appreciation. |
Both Frank and Glenn will need a new public report prior to their first sale. Due to the change in ownership |
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Dedication under the map act takes place |
When the approved map is recorded, the dedication would also be recorded |
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A condominium can be: residential, commercial, industrial, any of these |
Any of these |
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Jones vs Mayer of help the : Civil rights law of 1866, executive order and 1962, Civil Rights Act of 1964, Civil Rights Act 1968 |
Civil rights law of 1866, decision of the US Supreme Court 1968 |
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Breaking one parcel into two parcels would come under the regulation of |
The subdivision map act, any division falls under local control |
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Which of the following comes under the jurisdiction of the subdivided land act? Long term leasing on mobile home spaces, two or more contiguous parcels, all of the above, none of the above |
Long-term leasing on mobile home spaces, 5 or more spaces |
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Karen is going to subdivide for condominiums. She needs a public report is she is going to have more than ___ units |
4, 5 or more |
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The subdivision map Act includes |
A 160 acre and larger parcels, but they are exempt from the state's requirement |
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Under the subdivided Lands Act |
Undivided interests are excluded |
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The actions of the City Planning Commission |
Are binding rulings |
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Individual ownership of a lot in common ownership of other areas would constitute a |
Planned Unit Development |
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The interstate sales act does not apply to sales |
Cemetery lots and of lots of five acres or more |
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Under the California subdivided land act a subdivider who is not a resident of the state must submit an irrevocable consent that in the event of legal action against him or her and if he or she cannot be located after a diligent search of valid service may be made by delivering the process to |
The State Secretary of State, the rule is the same for a non-resident broker |
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In order to obtain a public report a subdivider would not supply the Commissioner with |
Plans of homes, these are under local control |
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Giving real property for public use for map act approval is known as |
Dedication |
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Subdivides who wish to use a public report in their advertising |
May use the report only if they use it in full |
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A subdivuder holding a down payment in trust for the purchase of a parcel covered by a blanket encumbrance is doing so for the benefit of |
The purchaser |
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The subdivided lands act covers |
12 or more time shares of 5 years or more and undivided interests |
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The office usually responsible for the enforcement of proper sewage and sanitation construction practices in the subdivision is |
The local health office |
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A subdivided has a free lot scheme. He or she is offering |
A lottery with charges for transfer, a scam in which the transfer charge exceeds the value |
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The California Housing Act which contains minimum code requirements is found in the |
Health and Safety Code |
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Under state subdivision law a purchaser may rescibd a contract to buy within a specified period in cases of |
Timeshares, also in cases of undivided interest subdivisions |
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In a new subdivision who is responsible for installation of curbs/gutters streets and utilities |
The developer, as a condition of approval |
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A buyer who reserves a Home received a copy of the preliminary public report. The buyer |
May cancel the the reservation at any time and has the right to request that the deposit be placed in an interest bearing account |
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The police power of the state can be invoked against the practice of discrimination and housing accommodations because of race color religion or ancestry under the |
Government Code, Rumford act |
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Zoning would most likely cover |
Building setbacks |
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A property owner in listing his property adds specific instructions that the property is not to be offered to anyone who is not a Caucasian as the owner does not want to be the first to break the barriers to minorities in the neighborhood. the broker should |
Refuse to discuss the matter of the listing any further with the owner |
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The owner of a residential property found guilty of discrimination in the sale of his or her property may be required to:
Pay a civil penalty of 10,000 dollars,
Sell to the offeror,
sell the offeror a similar property if one is available,
any of these |
Any of these, under Rumors Act |
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For home owners association to file a lien against the homeowner for unpaid assessments the amount due must exceed |
$1,800 |
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You may properly make an unsolicited phone call to a do not call listed party in order to solicit business if |
You sold the party a property 11 months prior to the call, calls may be made within 18 months of a business relationship |
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You may properly call a person who is on the Do Not Call Registry when |
The call is strictly for survey purposes, cannot include solicitation |
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And seeking a public reports of subdivider must admit all except: title information, sales contracts to be used, provisions for utilities, house plans and set backs |
House plans and setbacks, local control |
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You be properly ask a prospective buyer or tenant questions relating to: age, marital status, national origin, sexual orientation |
Age, senior housing requirement |
