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CA REAL ESTATE EXAM QUESTIONS & ANSWERS 2024
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CA REAL ESTATE EXAM QUESTIONS & ANSWERS 2024
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CA REAL ESTATE EXAM QUESTIONS & ANSWERS2024
A 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:
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