A case involving questions of both federal and state law may be brought in:
1 points
QUESTION 2
A change in a zoning ordinance that imposes requirements on one particular property that are different (either stricter or looser) from those that apply to surrounding properties is called:
1 points
QUESTION 3
A deed must be recorded:
1 points
QUESTION 4
A dispute resolution method where a neutral third party facilitates discussion between parties but does not impose a decision is:
1 points
QUESTION 5
A federal income tax lien is a/an:
1 points
QUESTION 6
A government agency issues a determination of significance concerning a proposed project. This means that:
1 points
QUESTION 7
A government takes title to a portion of a private citizen’s property, in order to widen a road. In return, the government pays the owner the fair market value of the land that was taken. This occurs through what type of legal action?
1 points
QUESTION 8
A lis pendens is a:
1 points
QUESTION 9
A month-to-month tenancy is a type of:
1 points
QUESTION 10
A person whose water rights are based on a water permit from the state is said to have:
1 points
QUESTION 11
A private restriction runs with the land. This means that:
1 points
QUESTION 12
A real estate agent’s duty to inspect the listed property does not apply to:
1 points
QUESTION 13
A real estate broker would be in violation of antitrust laws if she:
1 points
QUESTION 14
A secured creditor is one who:
1 points
QUESTION 15
A tenant who transfers an entire leasehold estate to another party is a/an:
1 points
QUESTION 16
A variance is an exception to an area’s zoning and would typically be used to allow:
1 points
QUESTION 17
According to Max’s deed, Max has the right to drive across his neighbor’s property to access his own property. Max has a/an:
1 points
QUESTION 18
According to state law, which of the following is a duty owed by an agent to all parties, rather than only to a principal?
1 points
QUESTION 19
According to the imputed knowledge rule:
1 points
QUESTION 20
After the tenant vacates a residential unit, the landlord must return the tenant’s security deposit within:
1 points
QUESTION 21
All of the following will terminate an escrow, except:
1 points
QUESTION 22
All of the following may be used as sanctions by the Real Estate Commissioner in a disciplinary proceeding except:
1 points
QUESTION 23
Amy owns shares of stock in the corporation that holds title to the building she lives in, and she has a long-term lease on her unit. Amy lives in a/an:
1 points
QUESTION 24
An activity or conduct that interferes with a property owner’s use and enjoyment of her property is considered to be a/an:
1 points
QUESTION 25
An agency relationship is a fiduciary relationship, which means that:
1 points
QUESTION 26
An estate of potentially infinite duration is the:
1 points
QUESTION 27
Ana has a contract to buy Su Ling’s painting, which is by a famous artist. Su Ling changes her mind and refuses to sell the painting. If Ana sues Su Ling for breach of contract, the court may order Su Ling to fulfill the terms of the contract and sell the painting to Ana, as originally agreed. This remedy is called:
1 points
QUESTION 28
At a chamber of commerce dinner party, two brokers begin discussing other local real estate agents. Broker A comments that Jim, a local salesperson, is dishonest and that Broker A refuses to do business with him. Broker B nods and says, “That’s a good idea. Why should we send buyers to a dishonest agent?”
1 points
QUESTION 29
Broker Delgado of Main Street Realty notices that her neighbor has listed his home for sale with Steamboat Realty. Broker Delgado knows that Steamboat Realty was recently disciplined by the Real Estate Commissioner for a trust account violation, and tells her neighbor that Main Street Realty could do a much better job of selling the neighbor’s home. Which of the following statements is true?
1 points
QUESTION 30
Broker Jones operates her brokerage business under the name Glorious Realty. She registered a fictitious business name statement for the name Glorious Realty; her real estate license is issued in her name, Tabitha Jones.
1 points
QUESTION 31
Broker Lisa misreads a city zoning map and, as a result, gives incorrect zoning information to a buyer. The buyer purchases the property based on what Lisa told him about the zoning. Lisa’s actions would be an example of:
1 points
QUESTION 32
CERCLA’s Superfund is designed to:
1 points
QUESTION 33
California has abolished the fee simple:
1 points
QUESTION 34
Channeling prospective renters into specific neighborhoods based on race is an example of:
1 points
QUESTION 35
Claire sues John and is awarded a judgment for $10,000. Claire lives in Rockingham County, New Hampshire; John lives in Ocean County, New Jersey, where he owns property. To create a judgment lien, Claire must:
1 points
QUESTION 36
Compared to the federal Fair Housing Act, California’s Fair Employment and Housing Act contains a:
1 points
QUESTION 37
Each of the following must be present before an antitrust violation will be found, except:
1 points
QUESTION 38
In California, a successful adverse possession claim requires possession of the property for at least:
1 points
QUESTION 39
In California, the sale of personal property is governed by the:
1 points
QUESTION 40
In California, the statute of limitations requires that a lawsuit over a written contract be brought within ____ years of the breach.
1 points
QUESTION 41
In California, which of the following is true?
1 points
QUESTION 42
In a civil case, which of the following is NOT a possible remedy?
1 points
QUESTION 43
Isabel wins a judgment for $100,000 in Kern County Superior Court. Which of the following describes the widest range of counties where she can record an abstract of judgment and create an enforceable lien?
1 points
QUESTION 44
Jeff wants to put his house on the market because he wants to move to Florida. His neighbor, Helen, is a real estate agent. She finds out about his plans and drops by with interested buyers. Jeff and Helen have no agreement whatsoever, but Jeff treats Helen as if she’s his agent, and never says otherwise to third parties. The potential buyers believe Helen is Jeff’s agent. Jeff has given Helen:
1 points
QUESTION 45
Juan grants his house to his sister, Maria, for the rest of her life. Upon her death, the property will go to his son, Guillermo. Guillermo is the:
1 points
QUESTION 46
Maria and Alejandro are an unmarried couple who purchase a home together. The deed to their new home does not mention how the couple is taking title to the property. In this case, the default form of co-ownership will be:
1 points
QUESTION 47
Marsha lists her house with American Realty. Three weeks later, she finds a buyer herself. However, she still owes American Realty a commission. This is because the listing agreement was an:
1 points
QUESTION 48
Melissa, Sonja, and Raziyah own property as joint tenants. Sonja decides to move and sells her interest to Carlos. Which of the following is true?
1 points
QUESTION 49
Mike, Lynn, and Donna own a house together as joint tenants. Donna mortgages her interest to finance her new business. Unexpectedly, she dies two weeks later. On Donna’s death, Mike and Lynn:
1 points
QUESTION 50
Ming, a real estate broker, always recommends Best Mortgage to her buyers, because if she sends enough customers their way, she earns “reward points” from the company that can add up to a free trip to Las Vegas. Which statement is true?
1 points
QUESTION 51
On May 1, Jim sells his property to Carol, who does not record the deed until May 7. On May 2, Jim sells his property to Mario (who is unaware of the previous deed to Carol) and Mario promptly records his deed that day. Which deed has priority?
1 points
QUESTION 52
Part of the Fifth Amendment to the U.S. Constitution states “…nor shall private property be taken for public use, without just compensation.” This is known as the:
1 points
QUESTION 53
Rights that go along with ownership of a particular piece of property are known as:
1 points
QUESTION 54
Some areas of law are addressed:
1 points
QUESTION 55
Suppose an agent has no express authority when she commits an act that benefits the principal, but the principal approves the act after the fact. This creates an agency by:
1 points
QUESTION 56
The Americans with Disabilities Act requires property owners to:
1 points
QUESTION 57
The Real Estate Settlement Procedures Act (RESPA) prohibits:
1 points
QUESTION 58
The ______ method of land description identifies a parcel by establishing a starting point, and then giving directions that allow a surveyor to trace around the parcel’s boundaries.
1 points
QUESTION 59
The boundary line between Sam’s property and Rachel’s property is about one foot from the back of Rachel’s barn. Rachel stores several ladders, wooden pallets, and other farm equipment behind her barn, most of it resting on Sam’s property. This is an example of a/an:
1 points
QUESTION 60
The duty of _________ requires an agent to act ethically, to follow the rules, and to accept responsibility.
1 points
QUESTION 61
The federal Endangered Species Act protects:
1 points
QUESTION 62
The federal Fair Housing Act prohibits discrimination against people in all of the following categories except:
1 points
QUESTION 63
The federal Fair Housing Act provides exemptions for all of the following kinds of transactions except:
1 points
QUESTION 64
The greatest estate that can exist in land is the:
1 points
QUESTION 65
The listing agent must give a copy of the agency disclosure form to the seller:
1 points
QUESTION 66
The lobby, swimming pool, and parking lot of a condominium complex are likely to be considered:
1 points
QUESTION 67
The person named in a will to act as the personal representative of the testator’s estate is the:
1 points
QUESTION 68
The right of survivorship always applies to:
1 points
QUESTION 69
The sale or lease of a business, including the inventory, equipment, goodwill, and other assets, is the definition of a:
1 points
QUESTION 70
The standard of proof in a civil case is:
1 points
QUESTION 71
The state government’s power to adopt and enforce laws for the protection of the public health, safety, morals, and general welfare is called:
1 points
QUESTION 72
The statutory redemption period following a trustee’s sale is:
1 points
QUESTION 73
There are three basic types of title insurance coverage: standard, extended, and homeowners. Unlike standard coverage, extended coverage and homeowner’s coverage offer protection against a/an:
1 points
QUESTION 74
This document gives one person the authority to sign a deed or other document on another person’s behalf:
1 points
QUESTION 75
To be recorded, a deed must be acknowledged. A deed is acknowledged when the:
1 points
QUESTION 76
To pay for maintaining and repairing common areas, a homeowners association may:
1 points
QUESTION 77
To record a mechanic’s lien, the notice of completion and the claim of lien must be:
1 points
QUESTION 78
Under CERCLA, a potentially responsible party (PRP) may include:
1 points
QUESTION 79
Under California law, a prepayment penalty on the early payoff of a residential loan can be applied only during the first:
1 points
QUESTION 80
Under California law, if a subdivision has fewer than five lots, the developer only needs to file a:
1 points
QUESTION 81
Under state law, when property is leased without a termination date and the rental period is not specified, the rental period is determined by:
1 points
QUESTION 82
When a court is trying to determine if an item is a fixture, the most important common law test is the:
1 points
QUESTION 83
When a real estate broker is acting as the escrow agent in a transaction, any trust funds he receives must be placed in the hands of the principal, a neutral escrow depository, or the broker’s trust account no later than:
1 points
QUESTION 84
When do growing crops become personal property?
1 points
QUESTION 85
When the security instrument is a deed of trust, the lender is called the:
1 points
QUESTION 86
Which doctrine states that appellate court cases establish precedents, and judges deciding subsequent cases should follow those precedents?
1 points
QUESTION 87
Which method of land description uses a series of grids based on fixed survey markers?
1 points
QUESTION 88
Which of the following parties can be named grantee of a deed?
1 points
QUESTION 89
Which of the following is true?
1 points
QUESTION 90
Which of the following would need a real estate license?
1 points
QUESTION 91
Which of the following can be constructively severed from real property?
1 points
QUESTION 92
Which of the following is a possessory interest in land?
1 points
QUESTION 93
Which of the following is not always a requirement for a valid contract?
1 points
QUESTION 94
Which of the following statements about dual agency is false?
1 points
QUESTION 95
Which of the following describes a tie-in arrangement?
1 points
QUESTION 96
Which of the following statements about title insurance is false?
1 points
QUESTION 97
Which of the following is NOT a type of tenancy?
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Paul
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Paul 2022-05-29 06:30:18 2022-08-31 12:09:44 100 Question test on Real Estate (Help)