Real Estate Principles Pt 3

Front 1

An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is not present in the subject property, the estimated value of the future is

Back 1

None of the above

Front 2

The federal reserves monetary policies influence the supply of money by

Back 2

All of the above

Front 3

An oath or affirmation made for notary public at the content of an instrument is true is called

Back 3

Verification

Front 4

Emancipated minor

Back 4

All of the above

Front 5

Which of the following is not a required document in the personal property security transaction

Back 5

A photograph of the property

Front 6

In a retirement by a broker that gives the impression that he or she is the owner of the property is a violation of real estate law called a

Back 6

Blind advertisement

Front 7

Which of the following is not a California starting point and the US government service system

Back 7

Baja baseline and meridian

Front 8

1/4 of the section is 1/2 mile x 1/2 mile and has how many acres

Back 8

160

Front 9

Which of the following statements constitutes an example of progression

Back 9

A home of lesser value is worth more when located among homes of greater value

Front 10

An agent who is intentionally shows wineries homes for sale in the minority neighborhoods only in refuses to communicate the ability of housing in other neighborhoods as guilty of

Back 10

Steering

Front 11

Which of the following is true concerning the illusory contacts

Back 11

The are unenforceable

Front 12

Which of the following is true concerning Non-institutional lenders

Back 12

All of the above which include. Private lenders, mortgage companies, credit union

Front 13

If you want an FHA loan you should go to

Back 13

An approved lender

Front 14

In agency is terminated by operation of law

Back 14

All of the above. Which include the agency team expires, the broker of seller or dies, the property is destroy

Front 15

Which appraisal method is known as replacement cost methods

Back 15

Cost approach

Front 16

Which of the following is not a duty other broker/agent towards his or her principal

Back 16

Availability

Front 17

Don’t nominal interest rate is

Back 17

Stated on the note

Front 18

In a trust deed, the power of sale clause is giving

Back 18

From the trustor to the trustee

Front 19

If a rental property is sold, the rates of the tenants are

Back 19

Prorated in escrow

Front 20

Changing the zoning from R3 to R1 with less use density is what

Back 20

Downzoning

Front 21

In competent person

Back 21

Is of unsound mind, could not individually contract, must have court approval to contract

Front 22

Which of the following is a remedy for a breach

Back 22

The symptoms of the bridge, action for dollar damages, action for specific performance

Front 23

An REIT is a

Back 23

Real estate investment trust

Front 24

Impound Reserves can be used to pay

Back 24

Fire insurance. Property taxes

Front 25

The cost approach is the most effective

Back 25

With new, unique, or public buildings.

Front 26

At lease for more than one year must be

Back 26

In writing

Front 27

In real estate, the person who asked for and with in the authority of another is called a

Back 27

Agent

Front 28

A person who sells final results rather than time is known as a

Back 28

Independent contractor

Front 29

What would be the interest due on the loan of 25,000 borrowed at 7% for a period of three years

Back 29

5250

Front 30

Tenant A has a month to month tenancy with landlord B. What is the minimum number of days, notice that A must give if she wishes to vacate

Back 30

30

Front 31

To be valid a lease need not include the

Back 31

Words lead or demise

Front 32

The landlord uses and unlawful detainer action

Back 32

To gain possession

Front 33

Which of the following is an example of voluntary lien

Back 33

Trust deed loan

Front 34

Which is not one of our unit is involved in establishment of a joint tenancy

Back 34

Conveyance

Front 35

Which word best describes the effects of income taxes As your income increases

Back 35

Progressive

Front 36

An agent who is only authorized to perform specific acts is known as a

Back 36

Special attorney in fact

Front 37

The property is to be returned To the grantor after a life estate is terminated, it is referred to as a

Back 37

Stay in reversion

Front 38

Which of the following is true regarding joint and tenancy

Back 38

Joint tenants had the right of supervisor ship, a joint tenancy cannot be willed

Front 39

An information booth is called a

Back 39

Kiosk

Front 40

The income approach is most

Back 40

For properties that can generate income

Front 41

In the trusteed the beneficiary is the

Back 41

Lender

Front 42

Hey said number of days in which a lender will allow payments to be late without penalty is known as a

Back 42

Grace period

Front 43

Original house in law in California that deals with discrimination in business is called the

Back 43

Unruh civil rights act

Front 44

The alquist oriole special studies zones act pertains to

Back 44

Earthquake fault zone

Front 45

The acronym CLTA stands for

Back 45

California land title association

Front 46

In a trust deed the trustee is the

Back 46

Third party

Front 47

Which of the following is true about the sales person is out

Back 47

And you have 50 multiple-choice questions, last three hour and 15 minutes, requires 70% correct score to pass

Front 48

The fair housing violation of refusing to loan or ensure a house because of your properties location is also known as

Back 48

Redlining

Front 49

How many square feet are in acre

Back 49

43,560

Front 50

Which kind of listing is preferred by most brokers

Back 50

Exclusive rights to sell