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60 Cards in this Set

  • Front
  • Back
Which of the following continuing education classes are required every four years after the first renewal for both the salesperson and broker license renewal?
a)consumer protection,agency
b) ethics, agency, trust funds, fair housing c) real estate practice, agency
d) ethics, real estate principles
Answer:
b) ethics, agency, trust funds, fair housing

Chapter 1
Adam, age 17, inherited a farm from his uncle. He sold it immediately, but later changed his mind and decided to cancel the sale. On what grounds could he do that?
a) as a minor, the contract is void
b) as a minor, the contract is voidable
c) as a minor, the contract is unenforceable
d) he cannot cancel the sale
Answer: b) as a minor, the contract is voidable

Chapter 4
Escrow instructions were signed by a buyer and seller, stating the selling price for a property, along with several other agreements. As part of the contract, the buyer could cancel the sale if the house did not sell within 45 days. The contract between the buyer and seller is:
a) voidable
b) invalid
c) executory
d) void
Answer: c) executory

Chapter 4
The term "Real Estate Law" refers to:
a) contract law affecting real estate transactions
b) law of agency
c) real property law
d) licensing law
D) licensing law

Chapter 1
The Real Estate Law is enforced by:
a) the Real Estate Commisioner
b) the civil courts
c) local board of realtors
d) Code of Ethics
a) the Real Estate Commisioner

Chapter 1
The Real Estate Commisioner is appointed by the:
a) president of the board of realtors
b) governor
c) members of the California Department of Real Estate (CAR)
d) Real Estate Advisory Commission
b) governor

Chapter 1
The fine for payment of a fee to an unlicensed person is:
a) $50 b) $1000 c) $200 d) $100
d) $100

Chapter 1
A real estate broker license is valid for:
a) four years b) two years
c) three years d) life
a) four years

Chapter 1
An application for a real estate salesperson license must be at least:
a) 21 years old b) 16 years old c) 18 years old d) 20 years old
c) 18 years old

Chapter 1
Who pays the salesperson?
a) seller
b) buyer
c) escrow holder
d) broker
d) broker

Chapter 1
How many hours of continuing education are required for a salesperson license renewal? a) 8 b) 45 c) 25 d) 55
b) 45

Chapter 1
When a broker's license is suspended, what is the status of all salespersons' licenses held by the broker? a) suspended b) nothing changes c) revoked d) temporarily cancelled
d) temporarily cancelled

Chapter 1
When real property is sold, anything that has become attached to it: a) goes to the buyer b) goes with the seller c) is divided between buyer and seller d) goes to the broker
a) goes to the buyer

Chapter 2
Chattel is:
a) real property
b) personal property
c) neither real nor personal
d) both real and personal
b) personal property

Chapter 2
Personal property is:
a) immovable
b) a house
c) a built-in jacuzzi
d) movable
d) movable

Chapter 2
Another name for a leasehold estate is:
a) fee simple absolute
b) fee simple qualified
c) less-than-freehold
d) freehold
c) less-than-freehold

Chapter 2
Sheila deeded a house she owned to her mother, Janet, with the condition that title to the house return to Sheila upon the death of her mother. What kind of estate does Janet hold?
a) less-than-freehold
b) estate of inheritance
c) fee simple defeasable
d) life estate
Answer: d) life estate

Chapter 2
Craig and Sharon bought a new home and received a grant deed from the seller. What kind of estate do they posses? a) estate of inheritance
b) less-than-freehold estate
c)an estate in common
d) a community estate
a) estate of inheritance

Chapter 2
Which kind of estate may be willed? a) less-than-freehold
b) leasehold
c) freehold
d) life estate
c) freehold

Chapter 2
The rights that go along with ownership of real property are called:
a) Bill of Rights
b)Bundle of Rights
c) Cradle of Rights
d)Deeded Rights
b)Bundle of Rights

Chapter 2
Under the doctrine of correlative user:
a) a riparian owner may take all the water he or she needs
b) a riparian owner does not have access to underground water
c) a riparian owner must negotiate with non-riparian owners for water rights
d) an owner may take only his or her share of underground water
Answer: d) an owner may take only his or her share of underground water

Chapter 2
Another name for mutual consent is: a) implied agreement
b) executory agreement
c) unilateral agreement
d) meeting of the minds
d) meeting of the minds

Chapter 4
Which of the following is no contract at all?
a) void contract
b) voidable contract
c) unenforceable contract
d) contract under deress
a) void contract

Chapter 4
When a promise is given by one party with the expectation of performance by the other party, it is known as:
a) a bilateral contract
b) a unilateral contract
c) implied contract
d) express contract
b) a unilateral contract

Chapter 4
An agreement to do or not do a certain thing is called:
a) negotiation
b) a contract
c) mutual consent
d) forbearance
b) a contract

Chapter 4
A written contract takes precedence over oral agreements. This principle is expressed by:
a) the parol evidence rule
b) the Statute of Limitations
c) the Statute of Frauds
d) the rule of previous evidence
a) the parol evidence rule

Chapter 4
A contract is only valid if:
a) it is executory
b) it is unilateral
c) it is for a legal purpose
d) it is bilateral
c) it is for a legal purpose


Chapter 4
Which of the following is an example of a unilateral contract?
a) listing
b) option
c) offer to purchase
d) rental agreement
b) option

Chapter 4
A claiment has how many days to bring foreclosure actioin after a mechanic's lien is recorded?
a) 40 b) 50 c) 90 d) 120
c) 90


Chapter 3
Which of the following is a legal, non-exclusive use of someone else's property?
a) adverse possesion
b) trespassing
c) an easement
d) condemnation
c) an easement

Chapter 3
Deed restrictions are imposed on a property by:
a) the legislature
b) the developer
c) Board of Equalization
d) city council
b) the developer

Chapter 3
Agreements affecting the use of real property are known as:
a) Covenants, Conditions and Restrictions
b) trust deeds
c) lis pendens
d) liens
a) Covenants, Conditions and Restrictions


Chapter 3
All of the following are liens against real property except:
a) a judgment
b) a trust deed
c) property taxes
d) encroachments
d) encroachments


Chapter 3
If the interest each person has in a tenancy in common is not stated in the deed:
a) It is presumed to be a joint tenancy
b) it is understood that each owner has an equal interest
c) it is voidable
d) it is invalid
b) it is understood that each owner has an equal interest

Chapter 3
How does a corporation take title to real property?
a) joint tenancy
b) community property
c) tenancy in common
d) severalty
d) severalty


Chapter 3
Debby and Jeff, brother and sister, want to buy a property together. Which of the following vestings would not be considered?
a) joint tenants
b) tenants in common
c) community property
d) tenancy in partnership
c) community property

Chapter 3
Vesting refers to:
a) co-ownership
b) how property is owned
c) something to wear
d) syndication
b) how property is owned

Chapter 3
A contract that has been approved is said to be:
a) recinded
b) revoked
c) ratified
d) executory
c) ratified

Chapter 4
At the close of escrow, the division of expenses between buyer and seller is known as:
a) conciliation
b) correlating
c) proration
d) disbersement
c) proration

Chapter 5
The term vesting means:
a) an outer garment
b) how the seller will convey title c) how the buyer will take title
d) how pests will be exterminated
c) how the buyer will take title

Chapter 5
Which of the following may not be a neutral third party to an escrow?
a) real estate broker
b) principal
c) title company
d) attorney
b) principal

Chapter 5
To have a valid escrow, which of the following is not required?
a) instructions signed by buyer and seller.
b) termite clearance
c) neutral third party
d) conditional delivery of documents to escrow
b) termite clearance

Chapter 5
In an escrow, who is the neutral party?
a) escrow holder
b) principal
c) real estate broker
d) Coporations Commisioner
a) escrow holder

Chapter 5
Property may be acquired in all of the following ways except:
a) succession
b) assessment
c) occupancy
d) accesssion
b) assessment

Chapter 5
Which one of the following instruments transfers title to real property?
a) lien
b) security instrument
c) bill of sale
d) grant deed
d) grant deed

Chapter 5
If a person dies and does not leave a will, that person is known to have died:
a) by eminent domain
b) intestate
c) testate
d) in probate
b) intestate

Chapter 5
A quiet title action is:
a) a landlord's action to stop tenants from being noisy.
b) a court proceeding to clear a cloud on the title to real property.
c) a court proceeding to settle disputes between co-owners.
d) a forced sale to satisfy a judgement
b) a court proceeding to clear a cloud on the title to real property.

Chapter 5
Waylon wanted to evict his tenant, Jason, because he was behind in his rent. What should Waylon do first? a) file an unlawful detainer
b) file a writ of execution
c) file a notice of nonresponsibility
d) serve a notice to pay or quit
d) serve a notice to pay or quit

Chapter 6
How long after a tenant moves out can a lessor keep a security deposit? a) two months
b) there is no maximum time set by law
c) one week
d) three weeks
d) three weeks

Chapter 6
What is the longest period that property within a city can be leased?
a) 99 years
b) 51 years
c) one year
d) there is no time limit
a) 99 years

Chapter 6
A lessor is described as:
a) tenant
b) landlord
c) having a less-than-freehold estate
d) having an estate at will
b) landlord

Chapter 6
A tenant must answer a notice to pay or quit in how many days?
a) two
b) three
c) seven
d) there is no time limit set by law
b) three

Chapter 6
Ruby wanted to transfer her entire leasehold interest in a lease to her friend, Estella. What should she use to show that she no longer has any interest in the property?
a) sublease
b) new lease contract
c) demise
d) assignment
d) assignment

Chapter 6
Income from apartments, as stated in a rental agreement, is known as:
a) economic rent
b) gross rent
c) contract rent
d) implied rent
c) contract rent

Chapter 6
What is the meaning of demise?
a) to list
b) to rent
c) to will
d) to convey
b) to rent

Chapter 6
A month to month tenancy also can be called:
a) an estate from period to period b) an estate at serverance
c) an estate for months
d) an estate at sufferance
a) an estate from period to period

Chapter 6
Which of the following is an estate for years?
a) a lease for an uncertain length of time
b) a month to month rental
c) a lease that must be renegotiated d) a lease at sufferance
c) a lease that must be renegotiated

Chapter 6
The method of land description most likely to be used in a city is:
a) U.S. Government Section and Township Survey
b) Recorded Lot, Block and Tract System
c) Metes and Bounds
d) common address
Answer: b) Recorded Lot, Block and Tract System

Chapter 2
Which of the following is benefited by an easement appurtenant?
a) dominant tenement
b) servient tenement
c) the easement
d) the owner of the servient tenement
a) dominant tenement

Chapter 3
All of the following are common uses for a quitclaim deed except:
a) family transfers
b) divorce settlements
c) to clear a cloudy title
d) to guarantee clear title to a property
d) to guarantee clear title to a property

Chapter 5