Question: Zoning is under the control of:

Answer: government agencies.

Question: A contract that is binding and enforceable in a court of law is said to be:

Answer: valid.

Question: Escrows base monthly prorations on how many days?

Answer: 30

Question: The area of a rectangular lot that is 50 feet wide by 100 feet deep is:

Answer: 5,000 sq. ft.

Question: For about how much assessed value is the Homeowner's Property Tax Exemption?

Answer: 7000

Question: Misuse of the real estate appraisal report or coercion of the appraiser are now:

Answer: federal felonies.

Question: A person who is authorized by the Secretary of State to witness the acknowledgement of documents is known as a(n):

Answer: notary public.

Question: A broker who mixes personal funds with his or her principal's funds is guilty of:

Answer: commingling.

Question: Real property consists of:

Answer: land and structures on the landanything incidental to the landanything appurtenant to the land

Question: Which of the following is NOT one of the forces that affect the value of a neighborhood?

Answer: Past sales considerations

Question: The federal civil rights law that applies to people with disabilities and protects them from discrimination is the:

Answer: Americans with Disabilities Act

Question: When prices rise due to shortages of available properties, it is known as a:

Answer: seller's market.

Question: Other than the initial small deposit to open the account, when are money deposits the personal property of the broker?

Answer: Never

Question: Which "American" title insurance is usually requested by lenders?

Answer: ALTA policy

Question: Which of the following is a requirement of a lease?

Answer: length of leaseamount of rentnames of parties

Question: Which of the following is NOT an essential element of a real estate contract?

Answer: Cash

Question: The California Department of Veteran's Affairs loan program is commonly known as the:

Answer: CalVet Program.

Question: The market data method (comparison approach) is the most common approach for:

Answer: housescondosvacant land

Question: What is the section in the Residential Listing Agreement (Exclusive Authorization and Right to Sell) that can entitle a broker to a commission even after the termination of the listing?

Answer: Safety Clause

Question: How many square feet are in 1 acre?

Answer: 43.56

Question: A month-to-month rental agreement is usually a:

Answer: periodic tenancy.

Question: You are a landlord who discovers that one of your tenants is having new carpet installed in his apartment without your consent. To protect yourself, you should file a(n):

Answer: notice of non-responsibility.

Question: Which of the following is FALSE concerning a grant deed?

Answer: It is signed only by the grantee.

Question: Which of the following is NOT a type of property lot?

Answer: Curb lot.

Question: The rate the borrower is actually paying (including interest, points, and loan fees) is called:

Answer: the effective interest rate.

Question: For all practical purposes, discrimination laws evolved from Title VIII of the Civil Rights Act of 1968, 13th Amendment to the U.S. Constitution, and the U.S. Supreme Court Case?

Answer: Jones v. Mayer

Question: The closing date is:

Answer: the date the documents are recorded.

Question: The Real Estate Commissioner:

Answer: enforces the Real Estate Law.

Question: When an improvement is permanently attached to real property it becomes:

Answer: real property.

Question: If the "exact" terms of the listing agreement are met, the listing broker is entitled to a commission, even if the:

Answer: owner refuses to sell to the buyer.

Question: Which of the following is TRUE concerning negotiable instruments?

Answer: -They are easily transferable from one person to another.-Promissory notes are considered negotiable instruments.-The most common example of a negotiable instrument is a personal check.

Question: Which advisory form reminds the buyer and seller of the importance of investigating a property before the sale?

Answer: Statewide Buyer and Seller Advisory

Question: The term "EER" is used to measure:

Answer: energy efficiency (the higher the better)

Question: A lien placed on more than one parcel, all parcels having the same owner, is known as a:

Answer: blanket encumbrance.

Question: An ownership interest in real property that only exists for the life of any designated person or persons (often the grantee) is called a(n):

Answer: life estate.

Question: The salesperson exam requires what percent of correct answers to pass?

Answer: 0.7

Question: Of the following, who is permitted to purchase property in California without court approval?

Answer: Foreign persons (aliens)

Question: The seller must provide the buyer of a condominium with:

Answer: the CC&Rsthe bylawsa copy of the most recent financial statement

Question: Which of the following is considered the most popular real estate brokerage websites?

Answer: realtor.com and zillow.com

Question: If the prospective investor of real property is most concerned with making money off the usefulness of the improvements, he or she would be most concerned with:

Answer: economic life remaining in the improvements.

Question: A recorded public history of a specific property is called a:

Answer: chain of title.

Question: CC&Rs refer to:

Answer: covenants, conditions, and restrictions.

Question: Prior to receiving communication of its acceptance, a buyer can withdraw an offer:

Answer: in writingpersonallyby registered mail

Question: The current status of items from the county records affecting the property's title is called the:

Answer: preliminary title report.

Question: 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 feature is:

Answer: subtracted from the sales price of the comparable.

Question: An oath or affirmation made before a notary public that the content of an instrument is true is called a(n):

Answer: verification.

Question: Which of the following is NOT a California starting point in the U.S. Government Survey system?

Answer: Baja Base Line and Meridian

Question: Which of the following statements constitutes and example of progression?

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

Question: An agent who intentionally shows minorities homes for sale in a minority neighborhood only and refuses to communicate the availability of housing in other neighborhoods is guilty of:

Answer: steering.

Question: Which of the following are considered non-institutional lenders?

Answer: private lendersmortgage companiescredit unions

Question: An agency is terminated by operation of law when:

Answer: the agency agreement expiresthe broker or seller diesthe property is destroyed

Question: The nominal interest rate is:

Answer: stated on the note

Question: If a rental property is sold, the rents of the tenants are:

Answer: prorated in escrow.

Question: An incompetent person:

Answer: is of unsound mindcannot individually contractmust have court approval to contract

Question: An "REIT" is a:

Answer: real estate investment trust.

Question: The cost of approach is most effective:

Answer: with new, unique, or public buildings.

Question: In real estate, the person who acts for and with the authority of another is called a(n):

Answer: agent.

Question: Which of the following forms are included in the "Listing Package?"

Answer: -Disclosure Regarding Real Estate Agency Relationship-Possible Representation of More than One Buyer or Seller - Disclosure and Consent-Wire Fraud and Electronic Funds Transfer Advisory

Question: To be valid, a lease need NOT include the:

Answer: words "let or demise"

Question: Which of the following is an example of a voluntary lien?

Answer: Trust deed.

Question: Which word best describes the effects of income taxes as your income increases?

Answer: Progressive

Question: If a property is to be returned to the grantor after a life estate is terminated, it is referred to as a(n):

Answer: estate in reversion.

Question: An information booth is called a(n):

Answer: kiosk.

Question: In a trust deed, the beneficiary is the:

Answer: lender.

Question: The original housing law in California that deals with discrimination in business is called the:

Answer: Unruh Civil Rights Act.

Question: The acronym "CLTA" stands for:

Answer: California Land Title Association

Question: Which of the following is true about the salesperson's exam?

Answer: 150 multiple choice questionslasts three hours and fifteen minutesrequires 70% correct score to pass

Question: How many square feet are in an acre?

Answer: 43560

Question: Which of the following is an important tax date to remember?

Answer: November 1December 10February 1

Question: A document given to a tenant stating that he or she must pay past due rent or vacate is known as a(n):

Answer: three-day notice to pay

Question: Which of the following would best describe an open listing?

Answer: nonexclusive

Question: If a buyer defaults on a conditional sales purchase contract (land contract), who would file a quiet title action to remove the cloud on the title?

Answer: Seller.

Question: The "Purchase Agreement Package" includes which of the following forms?

Answer: -Disclosure Regarding Real Estate Agency Relationship-Buyer's Inspection Advisory-Wire Fraud and Electronic Funds Transfer Advisory

Question: Depreciation can be:

Answer: curableincurableloss in value from any cause

Question: A mechanic's lien can be filed against a property by someone who has furnished which of the following services?

Answer: landscaping roofingplumbing

Question: Noninstitutional lenders who usually lend their own money and then sell their loans to others and service the loans are called:

Answer: mortgage bankers.

Question: A fee estate that is subject to particular limitations imposed by the grantor of the estate is called:

Answer: a fee simple defeasible estate

Question: Mello-Roos liens:

Answer: -require a seller and/or salesperson to disclose-are municipal bonds-usually fund street improvements

Question: You enter a hardware store where you have an account, pick up a pair of $5.00 pliers, and wave them at the manager as you leave the store. This would be an example of a(n):

Answer: implied contract.

Question: Which of the following is NOT a test to determine whether an item is a fixture?

Answer: Date of purchase

Question: Which of the following statements is FALSE concerning economic obsolescence?

Answer: It is due to wear and tear.

Question: A real estate professional who assists agents and brokers in the processing of a real estate transaction all the way through escrow is known as a(n):

Answer: transaction coordinator

Question: Real property subject to a lien is referred to as:

Answer: encumbered.

Question: Which of the following is NOT usually prorated in escrow?

Answer: Title insurance

Question: The "Pest Control Inspection Report and Certification" is also called the:

Answer: termite inspection.

Question: A Federal Estate tax return must be filed for any U.S. resident whose gross estate exceeds:

Answer: 10000000

Question: An outdated kitchen would be an example of:

Answer: functional obsolescence

Question: What is the term used when a person leasing a property remains after the expiration of the stated term?

Answer: estate at sufferance.

Question: A real estate license for both salesperson and a broker must be renewed every:

Answer: four years.

Question: One-half of a section has how many acres?

Answer: 320

Question: The bottom portion lining a doorway or window is the:

Answer: sill.

Question: In order for victims of domestic violence to terminate a lease, they must provide the landlord a copy of a police report that a domestic violence report has been filed and a written:

Answer: 30-day termination notice.

Question: The Fair Employment and Housing Act prohibits:

Answer: redlining.

Question: If a landlord knows that there is a current bed bug infestation, he or she:

Answer: cannot show or rent vacant units.

Question: When the Federal Reserve wants a "loose" money market, it:

Answer: buys back bondslowers the discount ratelowers the reserve requirements of banks

Question: When a residential tenant vacates a residential rental unit, the landlord has how long to return any unused portion of the tenant's security deposit?

Answer: 21 calendar days

Question: The fundamental goal of the California Housing Finance Agency (Cal HFA) is to:

Answer: help minority buyers obtain financing for new home purchases.

Question: Under the Department of Real Estate Commissioner's rules and regulations, which of the following would be required to have a written employment contract with a broker?

Answer: A real estate broker working for another real estate broker.

Question: When property is legally described using the U.S. Government Rectangular Survey System, the intersections of the north-south lines with the east-west lines are known as:

Answer: base lines and meridian lines.

Question: The type of misrepresentation which occurs least often in a real estate sale would be:

Answer: malicious misrepresentation