CA DRE Salesperson Exam Latest Update 150 Questions and Correct Correct Answers Guaranteed Success A column of land six miles wide, determined by a government survey, running in a north
south direction, lying east or west of a meridian. - Correct Answer: range
A condition attached to an estate whereby the estate is defeated or changed through the failure or non-performance of the condition. - Correct Answer: Condition Subsequent
A deed using the word "grant", or like words, containing warranties against prior conveyances and encumberances. This is the most commonly used deed in California. -
Correct Answer: Grant Deed
A legal definition of property - Correct Answer: Is one that is adequate to identify the properties exact boundaries
A legal description of land, setting forth all the boundary lines with their terminal points
and angles. - Correct Answer: Metes and Bounds
A legal entity, sanctioned by the state, with rights and liabilities, distinct and apart from
those of the persons composing it. - Correct Answer: Corporation
A letter of trCorrect Answer:mittal - Correct Answer: A brief letter addressed to the appraisal client and signed by the appraiser
A method of acquiring title to real property, through possession of the property for a statutory period under certain conditions, by a person other than the owner. - Correct
Answer: Adverse Possession
A person authorized by the state to witness the signatures of persons executing documents, sign the certificate and affix the seal. - Correct Answer: Notary Republic
A personal property interest in real property; an old term meaning personal property. -
Correct Answer: Chattel or Chattel Real
A process of law by which the state lays out the correct succession of inheritance when a person dies without leaving a valid will. - Correct Answer: Intestate Succession
A square created by the intersection of a range and township line? - Correct Answer: a township
A square of land (US Government Survey) that contains 640 acres and is one square
mile. - Correct Answer: Section
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A thee-quarter bath has - Correct Answer: A shower, a sink and a toilet
A township is divided into how many one mile squares or sections? - Correct Answer: 36 sections, 1 square mile each
A voluntary association between two or more people to carry on a business with
general and limited partners. - Correct Answer: General and Limited Partnership
A written instrument that passes title of personal property from vendor (seller) to the
vendee (buyer). - Correct Answer: Bill of Sale
According to market trend data, what forces interact to affect property value? - Correct
Answer: 1. Social and Economic; 2. Government and Environmental
Accuracy of data is measured by... - Correct Answer: How well it has been verified.
Ad Valorem Taxes - Correct Answer: Taxes based on the value of real estate
Advisory Opinions - Correct Answer: Merely indicate the advice and opinion of the Appraisal Standards Board. They do NOT establish new standards and do NOT interpret existing standards.
Allbthe legal rights relevant to ownership of property including rights of use,
posssession, encumbering, and disposition. - Correct Answer: Bundle of Rights
An acre of land less the amount of land dedicated for public improvements (sidewalks,
alleys, etc) - Correct Answer: Commercial Acre
An area of land equaling 43,560 square feet, or a tract about 208.71 feet square. -
Correct Answer: Acre
An estate of unlimited duration, eg fee simple or life estate. - Correct Answer: Freehold Estate
An estate that reverts back to the grantor after the life of the tenant expires. - Correct
Answer: Reversion
An event that must happen before title is passed. - Correct Answer: Condition
Precedent
An unlawful intrusion onto another's property by making improvements to real property; e.g. a swimming pool built across a property line. - Correct Answer: Encroachment
Analyzing the appraisal problem, selecting the appropriate method of valuation, and
giving it the most weight is called... - Correct Answer: Reconciliation
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