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33 Cards in this Set

  • Front
  • Back

RSS REFERS TO?


A.) Really Specific Systems


B.) Really Simple Syndication


C.) Reference Section Specifics


D.) none of the above

B.) Really Simple Syndication

Which of the following would be considered real property?


a.) trade fixtures


b.) Chattel reals


c.) vegetaiton


d.) deeds of trust

c,) vegetation

The ownership of real property is transferred by using a?


a.) grant deed


b.) financing statement


c.) trust deed


d.) bill of sale


d.) bill of sale

A loan secured by personal property usually consists of?


a.) a financing statement and trust deed


b.) promisary note and a trust deed


c.) FHA or VA insurance


d.) security agreement

d.) security agreement

California has how many principal intersections of base lines and meridian lines?


a.) one


b.) two


C.) three


d.) five

c.) three

A township consists of:


a.) one square mile


b.) a six by six mile square of land


c.) 36 square miles


d.) both b and c

d.) both b and c

Which of the following is an example of a freehold estate?


a. probate estate


b. leasehold estate


c. estate in fee


d. estate in sufferance

c. estate in fee

Duke sold his property to Jane with the condition that the property not be used for any other use than a private residence. After owning the property for several years, she decides to start a in home care facility. What is the status of the estate?


a. it may revert back to duke because it is a fee simple defeasable estate


b. it may revert back to duke because it is a fee simple absolute estate


c. duke has no claim because it is unlawful


d. Duke has no claim because of statue of limitations ran out on the condition


a.) it may revert back to Duke because it is a fee simple defeasible estate

Which is an example of a freehold estate?


a. the interest created by a trust deed


b. an estate at will


c. a life estate


d. a leasehold estate

c. life estate

Which of the following is a court order restricting a party from doing an act such as violating private deed restrictions?


a. writ of exceutution


b. writ of possesion


c. injunction


d. quite title action

c. injunction

Which of the following will terminate an easement?


a. dominant tenant records a quitclaim deed


b. serviant tenant records a grant deed


c. the owner of the servient tenement records a grant deed


d. the owner of the dominant tenement records a quitclaim deed

d. the owner of the dominant tenement records a quitclaim deed

Landowner Jacobs granted the telephone company to erect telephone poles on his land. which of the following best describes this situation?


a.encroachment


b. encumbrance


c. appurtenance


d. accession

b. encumbrance

If a condiminum owner breaches a condition in the CC&R's this would be:


a. enforced by the local building department


b. the same as violating a health code regulation


c. more stringent than breaching a covenant


d. the same as breaching public restriction

c. more stringent than breaching a convenant

When inspecting a seller's home the agent discovers several physical defects that the agent fails to disclose to the buyer. the buyer can file civil action against the agent for up to:


a. 2 yrs


b. 3 yrs


c. 4 yrs


d. 5 yrs

a. two years

Which is true of the following about puffing?


a. it is a legal and proper business tactic


b. it is usually unethical unless approved by the agents broker


c. it is only an opinion of value of a specific property


d. may be a misrepresntation if a resonable person considers it a statement of fact

b. it is usually unethical unless approved by the agents broker

A broker in a large real estate office dies. all listings:


a. usually belong to the sunagents according to the terms of the broker/associate contract


b. are continued through probate unless the subagent moves to another firm


c. automatically cancelled and the new broker would need to relist the properties


d. may be cancelled unilaterally by each prinicipal with 24 hours notice

c. automatically cancelled and the new broker would need to re list the properties

Express contract describes a contract which is expressed:


a. orally


b. writing


c. in words, either orally or written


d. none of the above

c. in words, either orally or written

If buyer and seller enter in a valid contract and either party dies or becomes incompotent the contract is:


a. void by statute


b. valid, if it was signed before the party died


c. voidable by only one of the parties


d. none of the above

b. valid if it was signed before the party died or became incompetent

A contact based on unlawful consideration is:


a. valid until voided


b. void


c. legal


d. enforcable if in writing

b. void

Novation is:


a. realization of unexpected profit


b. creation of an existing agreement


c. substitution of a new contract for an old one


d. modifactaion of a contract

c. substitution of a new contract for an old one

Which could be used by a buyer as earnest money deposit in purchasing real property?


a. promissory note secured by deed of trust


b. postdated check


c. unsecured promissory note


d. all of the above

d. all of the above

When accepting offers for his home, seller changes one of the terms of the buyer's offer. this is a:


a. modifaction or ammendment


b. purchase contract


c. alteration


d. counter offer

d. counter offer

Primary responsibility for disclosing any Mello-Roos bonds or assesments to a buyer when a home is sold lies with:


a. the seller


b. the seller's agent


c. the buyers agent


d. all of the above

a. the seller

In an option agreement the owner of the option is the:


a. optionor


b. optionee


c. property owner


d. lender

b. optionor

An estate at will can only be terminated by:


a. the buyer


b. the seller


c. the lessor or lessee


d. only the lessee

c. the lessor or lessee

Which of the following is usually prorated in escrow?


a. purchase price


b. rents


c. documentary transfer tax


d. city transfer tax

b. rents

The maximum deposit that can be collected for an unfurnished apartment is:


a. 2 months


b. 3 months


c. 1 month


d. 4 months

a. 2 months

The maximum deposit that can be collected and held for a furnished apartment is:


a. 2 months


b. 3 months


c. 1 month


d. 4 months

b. 3 months

Which of the following is a benefit of a net lease?


a. lesse recieves net income


b. lessee does not have to pay taxes


c. leeor recieves net income


d. lessor pays taxes, maintaince and insurance

c. lessor recieves net income

EXTRA TEST PREP


Lease duration statutory restrictions affect:


a. agricultal lands leased no more than 51 years


b. property situated in city or towns leased no more than 99 years


c. mineral, oil or gas leases not leased more than 99 years


d. minors or incomptent persons who can lease only for the time allowed by the courts


e. all of the above

e. all of the above

EXTRA TEST PREP


Security and cleaning deposits for residential leases in California must be refunded in full after the tenant vacates within:


a. 5 days


b. 10 days


c. 21 days


d. 30 days

c. 21 days

The escrow act is found in the:


a. business code


b. civil code


c. administrative code


d. financial code

b. civil code

An interpleader action is;


a. a court action


b. a formal written protest to seller


c. a formal written apology to the buyer


d. none of the above


a. court action