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CA Real Estate Exam 2023 With Complete Solutions Latest Update
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CA Real Estate Exam 2023 With Complete Solutions Latest Update
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CA Real Estate Exam 2023A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed
more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape.
Each was 150 feet deep. Each contained 6,000 square feet. If he purchased all three lots, what would be the front
footage:
197;
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed:
A percentage lease.
If a man has a freehold estate, which of the following would result in his having a less-than-freehold estate:
A: Sale and leaseback;
If a man leased a store for only six months, he would have an:
B: Estate for years;
An easement differs from a license in that a license:
D: May be revoked.
The remedy of unlawful detainer action is used by offended:
C: Lessors;
Which of the following is considered personal property:
C: An existing mortgage;
Which of the following would not be classified as real property:
D: Leasehold estates in residential properties.
All of the following are factors generally considered when determining whether an item of personal property has
become real property, except:
C: Cost of the article;
Which of the following is not a test for a fixture:
D: The time of attachment.
Which of the following loans would be most likely to qualify for FHA insurance but not for a VA loan guarantee:
A: A loan to purchase 1-4 units of residential rental property;
Bascomb purchased a parcel of real property, and received a standard policy of title insurance. Bascomb would be
protected against all of the following items except:
,B: Easements and liens on the property not revealed by the public records;
When legal title is transferred as the result of the sale of real estate encumbered by a deed of trust, it is always
necessary:
C: For the grantor to deliver a deed;
An ALTA policy of title insurance goes beyond the protection afforded by a CLTA policy in guarding against:
C: The location of property lines according to formal survey;
Jones, who does not have a real estate license, is the owner and president of an investment firm. He advertises and sells
properties for his clients. Since these transactions involve real estate, who will prosecute him for violating the real estate
law:
A: The District Attorney;
The primary purpose of city and county building codes is to establish:
B: Minimum standards for public health, safety, moral, and general welfare;
Recorded title to a parcel of real property was vested in Mary Wilson, a single woman. After her marriage to John
Roberts, she executed a deed to the property only in the name of Mary Roberts, a married woman. The discrepancy in
the grantor's name is:
B: A defect which may cause a cloud on the title;
On September 30, 1983, Daniels offered to buy Barnes' home. The offer was accepted and escrow opened. Barnes had
purchased the home in 1978, financing it by an FHA loan, on which he was then currently making payments. A
preliminary title report dated September 30, 1983 will:
B: Show the particulars of a deed of trust with Barnes as trustor;
A valid deed must contain:
D: A granting clause.
: An agreement wherein one party agrees to reimburse the other party for damages suffered in the event of a clearly
defined risk, in exchange for payment of monetary consideration, is commonly known as:
C: An insurance policy;
Which of the following deeds would least likely contain implied covenants by the grantor:
C: Quitclaim deed;
In California, one would look in which of the following documents to find the Escrow Law:
D: The California Financial Code.
When the buyer is given a defective Transfer Disclosure statement which contains obvious omissions about the
condition of the property, the buyer can bring legal action against the seller and real estate licensee within:
B: Two years;
,: Land zoned for use as the site for multi-family residential developments (such as apartment buildings) would be
denoted as:
C: R-3;
: A judgment that has been recorded would be:
A: An involuntary lien;
The beneficiary of a second trust deed sold his interest in the property for less than the unpaid balance of the note. This
action is most commonly described as:
C: Discounting;
Part of the California Civil Code requires that a disclosure statement be delivered by which of the following when
transferring title to certain real property:
C: The transferor;
Which of the following is authorized to manage property for the general public:
A: A licensed real estate broker;
The seller of a dwelling containing one-to-four units, in complying with the Real Estate Transfer Disclosure Statement
requirements, must:
C: Make a reasonable inspection before completing the report;
An easement on real property can be terminated by:
D: A release signed by the holder of the dominant tenement.
Under California law, a trust deed:
B: Encumbers the real property designated in the deed of trust;
The legitimacy of zoning laws rests upon:
B: The established right of police power of government;
Which of the following statements about real estate financing is incorrect:
B: A promissory note is security for a mortgage;
If a lender accepts a deed in lieu of foreclosure from a trustor, the lender:
D: Will assume any junior liens.
Which of the following best describes what a landlord-owned apartment building and a condominium project have in
common:
B: Occupants of both each have an estate in real property;
, Betty is beneficiary of a $15,000 deed of trust on a single-family home located in Long Beach, California. Trustor Milo
made $2,000 in payments, then defaulted. At a trustee's sale, the property sold for $10,000, resulting in a $3,000
deficiency. In California, a deficiency judgment cannot be obtained:
D: In any of the above situations.
When the required payments on a real estate loan are insufficient to pay the interest due, the result is:
C: Negative amortization;
Broker Jones, who is not a member of any trade organization, has been using a new advertising slogan: "A new breed of
Realtor." Concerning this practice:
A: It is grounds for revocation or suspension of his real estate license;
The Alquist-Priolo Special Study Zone earthquake disclosure requirement applies to:
D: Specific types of structures located in known earthquake fault zones.
In making new real estate loans, institutional lenders often charge a fee for expenses incurred for such items as
document preparation and related work. The fee charged is often a percentage of the face amount of the loan, and is
referred to on the borrower's closing statement as a:
D: Loan origination fee.
: Which of the following notices could be important to the filing of a mechanic's lien:
D: All of the above.
: How many years is an attachment lien good for:
C: 3 years;
In a trust deed, the trustor:
B: Signs a note for the amount borrowed;
Fault zones around known earthquake fault lines must be disclosed to prospective buyers of certain properties in
California. Typically, these zones are:
A: 1/4 mile wide;
: A title insurance company official would know that an "abstract of title clause" is a:
C: Written summary of documents relating to the title of the property;
A real estate salesperson's license has been suspended because money was paid out of the Recovery Account to a
person who had a judgement against the salesperson. His license will not be reinstated until he:
C: Pays the Recovery Account for the money it paid plus interest;
A person delegated in an instrument to act legally for another, in his stead, is known as which of the following:
C: Attorney in fact;
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