CALIFORNIA REAL ESTATE FINAL EXAM 1
WITH 450+ QUESTIONS AND VERIFIED
CORRECT ANSWERS|ALREADY GRADED
A+ | CALIFORNIA REAL ESTATE 2024/2025
[BRAND NEW!!]
The main historical influence on law in the United States was - ANSWER- English Law
When one individual sues another, the lawsuit is called - ANSWER- a civil action
The primary purpose of most civil laws is to - ANSWER- compensate a person who has been harmed
A person who commits tort - ANSWER- has violated the standards of reasonable conduct imposed by law
Which of the following would be more likely to issue an ordinance - ANSWER- The Pasadena City Council
Codification refers to - ANSWER- Combining scattered, piecemeal laws into a comprehensive compendium (or collection) of laws called code. 1 / 4
When the California Legislature adopts a new statute, the new law - ANSWER- may change rules that were adopted in earlier court decisions
Real Estate Law is comprised of - ANSWER- constitutional law, statutory law, and law derived from precedent.
Persons may fail to perform a legal duty by - ANSWER- being ignorant of the pertinent law or by willfully disregarding the law.
Stare decisis precedents - ANSWER- should be accepted and followed.
Common Law, also known as Case Law or Judgement Law, refers to - ANSWER- a huge body of opinion formulated by courts in the settling of disputes.
Courts must follow the doctrine of - ANSWER- stare decisis.
The protection of the general public from harm at the hands of dishonest and incompetent agents, and the protection of the reputation of honest agents against the adverse publicity and public resentment often caused by the unprincipled and unscrupulous - ANSWER- is the principle purpose of the Real Estate Law.
The responsibility of the Department of Real Estate - ANSWER- is to license and regulate real estate agents and regulate the sale or lease of subdivided land.
The Real Estate Commissioner is appointed by the Governor - ANSWER- and must have five years of active experience as a California real estate broker, or five years of related experience in California, in the last ten years.
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The specified duties of the Commissioner are to - ANSWER- screen license applicants, review complaints against licensees, and to investigate non-licensees conducting business transactions requiring a real estate license.
The following activities require a license: negotiate mortgages or trust deeds; list or solicit - ANSWER- listings of real property; assist with filing on state or federal lands.
The mechanic's lien law is based on the theory - ANSWER- that improvements contribute additional value to land.
Unpaid contractors and unpaid craftsmen working for a contractor - ANSWER- are protected by mechanic's lien rights.
"Any right or interest in land possessed by a stranger to the title, which affects the value of the owner's estate, but does not prevent the owner from enjoying and transferring - ANSWER- the fee" is a definition of encumbrance.
The mechanic's lien law includes - ANSWER- grading, filling, and landscaping of lots or tracts of land.
All of the following must appear on the Preliminary Notice: - ANSWER- name
and address of the person supplying the labor, material, etc.; the name of the person who contracted for these things; and the description of the job site for identification.
Mortgages and Trust Deeds are principles - ANSWER- kinds of liens.
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A stop notice must state the following: - ANSWER- the kind of labor, services,
equipment, or materials furnished or agreed to be furnished by the claimant; the name of the person to or for whom the labor, services, etc. were furnished.
A stop notice obliterates the person holding the construction funds to withhold sufficient funds to satisfy - ANSWER- the amount in the stop notice, and the stop notice must be bonded in order to bind a construction lender.
If an owner agrees to waive service of the Preliminary Notice - ANSWER- the notice must still be served.
Property refers to - ANSWER- certain rights a person has in a thing or object.
Property was divided into real and personal categories as a result of - ANSWER- "two categories" of legal dispute.
The fixity of the land is - ANSWER- the most important characteristic of land (location of the parcel.)
The first and foremost thing that law is meant to accomplish is to - ANSWER- establish and preserve order.
Not only must people have a means of settling disputes, but they must - ANSWER- be settled fairly and timely.
A major task of law is - ANSWER- protecting expectations, settling disputes, and preventing exploitation.
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