CALIFORNIA Real Estate Exam- Practice Latest Update 2024-2025 Actual Exam with 120 Questions and 100% Verified Correct Answers Guaranteed A+ Approved by the Professor
"Due-on-Sale" means - CORRECT ANSWER: Alienations. Under aliation, permits the lender to demand full payment of loan in the event title is transferred
1/2 a mile by 1/2 miles is: - CORRECT ANSWER: 160 Acres
A business opportunity sold with a document similar to a deed is called - CORRECT
ANSWER: Bill of Sale
A buyer pays for which of the following? - CORRECT ANSWER: Escrow, Title,
Insurance
A fictitous business name expires - CORRECT ANSWER: Every 5 years on December
a home painted in 1972, even if the seller repainted the property a lead based paint booklet is required, if not, the ommission allows the buyer to: - CORRECT ANSWER: cancel the transaction.
A lender may evict a borrower within - CORRECT ANSWER: 3 months
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a mortgage loan. The mortgage that he will obtain will probably be? -
CORRECT ANSWER: A blanket mortgage
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A mispelled name in a deed: - CORRECT ANSWER: May be corrected with a quitclaim deed
A person who is delegated in an intrument to legally do something for another person in
his stead is called - CORRECT ANSWER: Attorney in fact
A principle may request an accounting from the real estate agent of his funds : -
CORRECT ANSWER: At any time
A property held in "Severalty" is owned by: - CORRECT ANSWER: Sole Ownership
A standard policy of title insurance doesnt cover - CORRECT ANSWER: property lines
A strip lines of stores are: - CORRECT ANSWER: Shopping centers
A voidable contract is - CORRECT ANSWER: Valid until voided
Acceleration clause means - CORRECT ANSWER: permits the lender to call the loan
for behind payments
Agents may get sued for: - CORRECT ANSWER: Any Wrong doing
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: - CORRECT ANSWER: Mortgages his or her share
An advertisement to lease properties only to married couple is - CORRECT ANSWER: Illegal
An agent may sell a mobile home that is - CORRECT ANSWER: Registered
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