Property and Correct Answer

| Selected Answer:| (d) land, affixed to land, appurtenances, immovable by law| Correct Answer:| (d) land, affixed to land, appurtenances, immovable by law| | | | | Question 2| 1 out of 1 points | | Zoning laws have the greatest impact on which “Right” in the Bundle of Rights? | | Selected Answer:| (a) right to use| Correct Answer:| (a) right to use| | | | | Question 3| 1 out of 1 points | | A deeded easement of right-of-way over the land of another is considered to be:| | Selected Answer:| (c) an appurtenance| Correct Answer:| (c) an appurtenance|

| | | | Question 4| 0 out of 1 points | | An investor leases a building to a tenant who then opens a retail store. The tenant installs a cash register. The cash register is best described as:| | Selected Answer:| (a) personal property| Correct Answer:| (b) trade fixture| | | | | Question 5| 1 out of 1 points | | Which of the following is considered to be personal property? | | Selected Answer:| (c) mortgage contract| Correct Answer:| (c) mortgage contract| | | | | Question 6| 1 out of 1 points | | The rights of an owner are referred to as the “Bundle of Rights.

” Which of these is not one of these rights? | | Selected Answer:| (a) the unrestricted right to the use of riparian waters| Correct Answer:| (a) the unrestricted right to the use of riparian waters| | | | | Question 7| 1 out of 1 points | | Courts frequently have to make a decision as to whether some item does or does not go with the real property when it is sold. In making their decision, they use the “Five tests of a fixture. ” These include of the following except:| | Selected Answer:| (c) whether the property is being taxed| Correct Answer:| (c) whether the property is being taxed|

| | | | Question 8| 1 out of 1 points | | The rights to minerals that lie beneath the surface of the land, unless otherwise specified:| | Selected Answer:| (c) are automatically transferred with the sale of real property| Correct Answer:| (c) are automatically transferred with the sale of real property| | | | | Question 9| 1 out of 1 points | | The right to a reasonable use of the surface waters upon which a property owner’s land borders is called:| | Selected Answer:| (a) riparian rights| Correct Answer:| (a) riparian rights| | | | | Question 10| 1 out of 1 points |

| The right to possess, encumber, use, and enjoy a piece of property to the exclusion of all others, would be an accurate description of:| | Selected Answer:| (c) property ownership| Correct Answer:| (c) property ownership| | | | | Question 11| 0 out of 1 points | | The E 1/2 of the NW 1/4 of the NW 1/4 of the SE 1/4, and the SW 1/4 of Section 10 contains:| | Selected Answer:| (c) 45 acres| Correct Answer:| (d) 165 acres| | | | | Question 12| 1 out of 1 points | | In the U. S. Government Survey System, which lines run parallel to the principal base line?

| | Selected Answer:| (a) township line| Correct Answer:| (a) township line| | | | | Question 13| 0 out of 1 points | | A person who makes a will is the:| | Selected Answer:| (a) executor (trix)| Correct Answer:| (d) testator (trix)| | | | | Question 14| 1 out of 1 points | | If a married person dies testate and leaves all community property, the decedent’s interest passes to the:| | Selected Answer:| (a) whomever is named in the will| Correct Answer:| (a) whomever is named in the will| | | | | Question 15| 1 out of 1 points |

| Most attorneys stress that the best will is a properly drafted:| | Selected Answer:| (b) witnessed will| Correct Answer:| (b) witnessed will| | | | | Question 16| 1 out of 1 points | | When possession of land includes open and notorious use for 5 years, hostile to the owner’s wishes, and payment of property taxes, this best describes:| | Selected Answer:| (d) adverse possession| Correct Answer:| (d) adverse possession| | | | | Question 17| 1 out of 1 points | | The passing of title to the state because of the lack of heirs:| | Selected Answer:| (a) escheat| Correct Answer:| (a) escheat|

| | | | Question 18| 1 out of 1 points | | A type of deed, with no warranties, frequently used to remove “clouds” from title is ? known as:| | Selected Answer:| (c) quitclaim deed| Correct Answer:| (c) quitclaim deed| | | | | Question 19| 1 out of 1 points | | Which of the following is not required for a deed to be valid? | | Selected Answer:| (c) date| Correct Answer:| (c) date| | | | | Question 20| 1 out of 1 points | | Chang deeds to Lopez and Lopez takes possession but does not record the deed. Chang then tells his friend Jones about the deed to Lopez.

Chang then deeds the same property to Jones, who records the deed. Based on this information, title probably vests in:| | Selected Answer:| (a) Lopez| Correct Answer:| (a) Lopez| | | | | Question 21| 1 out of 1 points | | A sequential list of owners for a parcel of real estate is called:| | Selected Answer:| (b) chain of title| Correct Answer:| (b) chain of title| | | | | Question 22| 1 out of 1 points | | A fence with three strands of wire around a 40-acre square parcel requires how much wire? | | Selected Answer:| (a) 3 miles| Correct Answer:| (a) 3 miles|

| | | | Question 23| 0 out of 1 points | | There are implied warranties made by the grantor in a grant deed. Which one of the following is not implied? | | Selected Answer:| (a) property has not been encumbered by grantor except as disclosed| Correct Answer:| (c) the grantor holds a certificate of title to the property| | | | | Question 24| 0 out of 1 points | | A deed need not be recorded in order to be valid, but must be delivered. Effective delivery depends on:| | Selected Answer:| (b) physical transfer| Correct Answer:| (c) intention of the grantor| | | | |

Question 25| 0 out of 1 points | | If a court proceeds to confirm a probate sale, the first additional bid must be what percent above the original bid? | | Selected Answer:| (b) 5% on the first $10,000 and any amount on the remainder| Correct Answer:| (c) 10% on the first $10,000, 5% on the remainder| | | | | Question 26| 1 out of 1 points | | The highest form of ownership a person can have in a piece of property is:| | Selected Answer:| (a) fee simple absolute| Correct Answer:| (a) fee simple absolute| | | | | Question 27| 1 out of 1 points | | Interest in real property held by a tenant:|

| Selected Answer:| (d) less-than-freehold estate| Correct Answer:| (d) less-than-freehold estate| | | | | Question 28| 0 out of 1 points | | Greene deeds a life estate to Blue and upon Blue’s death title passes to Brown. This is an example of what type of life estate? | | Selected Answer:| (d) estate in severalty| Correct Answer:| (c) estate in remainder| | | | | Question 29| 1 out of 1 points | | A valid joint tenancy must have the four unities of:| | Selected Answer:| (b) title, time, possession, interest| Correct Answer:| (b) title, time, possession, interest|

| | | | Question 30| 0 out of 1 points | | A, B, C, D are joint tenants to Section 24 in a standard township. D deeds her interest to E:| | Selected Answer:| (d) E owns nothing because D cannot deed her interest as a joint tenant| Correct Answer:| (c) E owns a 1/4 interest in 640 acres| | | | | Question 31| 1 out of 1 points | | Johnson and Moscowitz hold title as tenants in common. Upon Johnson’s death, Johnson’s interest passes to:| | Selected Answer:| (b) Johnson’s heirs with probate| Correct Answer:| (b) Johnson’s heirs with probate| | | | | Question 32| 1 out of 1 points |

| Susan owned a home prior to marriage to Carlos. Upon marriage, Susan’s home| | Selected Answer:| (a) remains her separate property unless commingled| Correct Answer:| (a) remains her separate property unless commingled| | | | | Question 33| 0 out of 1 points | | A married couple is planning to purchase a home. If they want to take title in such a way as to be able to will their separate interest, they should take title as:| | Selected Answer:| (d) any of the above| Correct Answer:| a) community property| | | | | Question 34| 1 out of 1 points | | Real estate syndicates usually hold title as:|

| Selected Answer:| (b) a limited partnership| Correct Answer:| (b) a limited partnership| | | | | Question 35| 1 out of 1 points | | Mr. Rhu deeds a life estate to Ms. Silva with the stipulation that upon her death the property comes back to him. If Rhu and Silva are killed together in an auto accident, who gets the property? | | Selected Answer:| (b) Rhu’s heirs and devisees| Correct Answer:| (b) Rhu’s heirs and devisees| | | | | Question 36| 1 out of 1 points | | When a non-occupying investor and an owner-occupant pool their resources to buy a home, this is called:| | Selected Answer:| (c) equity sharing|

Correct Answer:| (c) equity sharing| | | | | Question 37| 0 out of 1 points | | Kim received a life estate based on the life of Chong. Kim is killed while Chong is still living; what happens to the life estate? | | Selected Answer:| (a) it vests in Chong for the duration of Chong’s life| Correct Answer:| (b) it vests in the heirs or devisees of Kim| | | | | Question 38| 0 out of 1 points | | To have a valid joint tenancy, all the owner names must appear on the same document. This is known as the unity of:| | Selected Answer:| (a) time| Correct Answer:| (b) title|

| | | | Question 39| 0 out of 1 points | | A corporation is not allowed to hold title as:| | Selected Answer:| (c) tenants in common| Correct Answer:| (b) joint tenants| | | | | Question 40| 1 out of 1 points | | Another term describing an estate of inheritance or a perpetual estate:| | Selected Answer:| (b) a fee simple| Correct Answer:| (b) a fee simple| | | | | Question 41| 1 out of 1 points | | An easement across another person’s land is:| | Selected Answer:| (c) an encumbrance| Correct Answer:| (c) an encumbrance| | | | | Question 42| 0 out of 1 points |.

| The major difference between obtaining an easement by prescription or title by adverse possession would involve the:| | Selected Answer:| (b) permission of the owner| Correct Answer:| (d) payment of property taxes| | | | | Question 43| 0 out of 1 points | | Which of the following two terms go together? | | Selected Answer:| (a) taxes ? voluntary lien| Correct Answer:| (b) police power ? public restrictions| | | | | Question 44| 1 out of 1 points | | If an owner fails to file a proper Notice of Completion in the County Recorder’s office, all unpaid mechanics have how many days to file a lien?

| | Selected Answer:| (c) 90 days| Correct Answer:| (c) 90 days| | | | | Question 45| 0 out of 1 points | | All of the following are true, except:| | Selected Answer:| (c) easements can be eliminated when the dominant tenement deeds to the servient tenement| Correct Answer:| (b) a suit for removal of an encroaching fence must be brought within 10 years from the date of the encroachment| | | | | Question 46| 0 out of 1 points | | For a formally declared homestead to be valid, it must be:| | Selected Answer:| (d) two of the above are correct| Correct Answer:| (a) recorded|.

| | | | Question 47| 0 out of 1 points | | Per the formally declared homestead law, an owner’s equity within the allowed amount is protected for how many months in the event the homeowner sells and purchases another home? | | Selected Answer:| (c) 12 months| Correct Answer:| (b) 6 months| | | | | Question 48| 1 out of 1 points | | A homestead is considered terminated when:| | Selected Answer:| (c) the home is sold| Correct Answer:| (c) the home is sold| | | | | Question 49| 1 out of 1 points | | Sohal owns a home and has an easement over 20 feet of Lightfoot’s land. Sohal sells to Carter.

Based on this information:| | Selected Answer:| (d) Carter has an appurtenance| Correct Answer:| (d) Carter has an appurtenance| | | | | Question 50| 0 out of 1 points | | A homestead, within the statutory amounts, will not protect against:| | Selected Answer:| (c) unsecured money debts that become secured by judgments| Correct Answer:| (b) mechanics’ liens| | | | | Question 51| 0 out of 1 points | | A court order to force the sale of real estate to pay a judgment is called:| | Selected Answer:| (c) a deficiency judgment| Correct Answer:| (b) a writ of execution| | | | | Question 52| 0 out of 1 points |.

| Deed restrictions that apply to all lots in a new subdivision are created by the:| | Selected Answer:| (a) lender| Correct Answer:| (c) developer| | | | | Question 53| 0 out of 1 points | | A right of way 10 feet wide and 54 feet long is approximately what percent of a 1/4 acre? | | Selected Answer:| (a) 1 %| Correct Answer:| (c) 5%| | | | | Question 54| 1 out of 1 points | | A lessor can protect against a mechanics’ lien for unpaid construction work ordered by a lessee by:| | Selected Answer:| (a) posting and recording a notice of non-responsibility| Correct Answer:| (a) posting and recording a notice of non-responsibility|.

| | | | Question 55| 1 out of 1 points | | In the field of real estate, most documents must be acknowledged before they can be recorded. Which document must be verified, not acknowledged, before it can be recorded? | | Selected Answer:| (b) mechanics’ lien| Correct Answer:| (b) mechanics’ lien| | | | | Question 56| 1 out of 1 points | | Owners of landlocked parcels may be able to obtain an easement by:| | Selected Answer:| (d) necessity| Correct Answer:| (d) necessity| | | | | Question 57| 1 out of 1 points |.

| If a zoning law permits a use of a property that is prohibited by a valid deed restriction, the normal rule is that the:| | Selected Answer:| (b) deed restriction will prevail| Correct Answer:| (b) deed restriction will prevail| | | | | Question 58| 0 out of 1 points | | A judgment is considered to be what type of lien? | | Selected Answer:| (a) constructive| Correct Answer:| (c) general| | | | | Question 59| 0 out of 1 points | | When an easement allows the servient tenement to use the land, the easement is called:| | Selected Answer:| (a) prescriptive |.

Correct Answer:| (c) non-exclusive| | | | | Question 60| 1 out of 1 points | | 60. All of the following are acceptable ways to terminate an easement, except:| | Selected Answer:| (d) if created by deed, it may be extinguished by non-use| Correct Answer:| (d) if created by deed, it may be extinguished by non-use| | | | | Question 61| 1 out of 1 points | | A licensed real estate broker states that a lot is 1/3 of an acre, when in fact the lot is 1/4 of an acre. The agent is guilty of:| | Selected Answer:| (d) misrepresentation| Correct Answer:| (d) misrepresentation|.

| | | | Question 62| 1 out of 1 points | | Which of the following requires a real estate agent to do a physical inspection of the home and report the results of said inspection? | | Selected Answer:| (c) Real Estate Transfer Disclosure Statement| Correct Answer:| (c) Real Estate Transfer Disclosure Statement| | | | | Question 63| 0 out of 1 points | | The misappropriation and use of a client’s funds by an agent is called:| | Selected Answer:| (b) commingling| Correct Answer:| (a) conversion| | | | | Question 64| 1 out of 1 points | | If a seller insists on selling a home “as is”:|.

| Selected Answer:| (d) the prospective buyer is entitled to know all defects known to the seller and real estate agent| Correct Answer:| (d) the prospective buyer is entitled to know all defects known to the seller and real estate agent| | | | | Question 65| 1 out of 1 points | | Salesperson Schmidt works for Broker Hassan. On May 1, Schmidt takes a listing on Home X for 90 days. Twenty days later Salesperson Schmidt transfers her license and becomes a salesperson for Broker Meeks. As of May 21, the listing on Home X belongs to:| | Selected Answer:| (a) Broker Hassan|.

Correct Answer:| (a) Broker Hassan| | | | | Question 66| 0 out of 1 points | | Which of the following is not correct? | | Selected Answer:| (c) the recovery fund may be used to reimburse qualified principals and buyers for damages suffered because of certain inappropriate acts by real estate licensees| Correct Answer:| (b) real estate salespersons are able to contract directly in their own name as an agent with the seller| | | | | Question 67| 0 out of 1 points | | All real estate licensees in California must abide by the:| | Selected Answer:| (a) Realtor’s Code of Ethics|.

Correct Answer:| (b) Commissioner’s Regulations| | | | | Question 68| 1 out of 1 points | | If a consumer feels he or she has been dealt with poorly by a licensee and loses the lawsuit in court, the consumer may:| | Selected Answer:| (d) none of the above is available as a means of restitution| Correct Answer:| (d) none of the above is available as a means of restitution| | | | | Question 69| 1 out of 1 points | | If a real estate agent knowingly makes a substantial misrepresentation of the likely value of real property, it is:| | Selected Answer:| (a) an agency violation|.

Correct Answer:| (a) an agency violation| | | | | Question 70| 0 out of 1 points | | Which of the following best describes the role of a broker in a real estate agency? | | Selected Answer:| (b) independent contractor| Correct Answer:| (d) special agent| | | | | Question 71| 0 out of 1 points | | Per the Real Estate Commissioner’s regulations, a broker must:| | Selected Answer:| (d) all of the above| Correct Answer:| (a) keep a formal cash receipts/cash disbursement journal| | | | | Question 72| 0 out of 1 points |.

| According to real estate licensing law, for supervising purposes, the relationship between a salesperson and a broker is:| | Selected Answer:| (b) independent contractor| Correct Answer:| (c) employer-employee| | | | | Question 73| 1 out of 1 points | | In selling a family residence, an owner enlisted the aid of an unlicensed person. The owner paid for this service, thus violating real estate law. Who would prosecute the unlicensed person for receiving an illegal commission? | | Selected Answer:| (c) District Attorney in the local county| Correct Answer:| (c) District Attorney in the local county|.

| | | | Question 74| 1 out of 1 points | | The disclosure requirement that is concerned with special flood areas, dam failure, high fire severity, wild and forest fire, earthquake fault zone, and seismic hazard zones, is the:| | Selected Answer:| (c) Natural Hazard Disclosure Statement| Correct Answer:| (c) Natural Hazard Disclosure Statement| | | | | Question 75| 1 out of 1 points | | Real estate commissions are:| | Selected Answer:| (a) negotiable| Correct Answer:| (a) negotiable| | | | | Question 76| 1 out of 1 points |.

| The Disclosure Regarding Real Estate Agency Relationship form must be signed at the time of the:| | Selected Answer:| (a) agency appointment| Correct Answer:| (a) agency appointment| | | | | Question 77| 0 out of 1 points | | Before giving a listing to a broker, the owner informed the broker that the roof was in bad shape. The broker later showed the house and assured the buyer that the house was in excellent condition, without any known problems. After the first rain, the house suffered heavy water damage due to a leaky roof. The buyer is angry and will probably sue the:| | Selected Answer:| (b) broker|

Correct Answer:| (a) broker and the seller| | | | | Question 78| 1 out of 1 points | | A California real estate broker finds a buyer for a property in Reno listed with a Nevada broker. Per California regulations, the:| | Selected Answer:| (c) commission can be divided per agreement between the brokers| Correct Answer:| (c) commission can be divided per agreement between the brokers| | | | | Question 79| 0 out of 1 points | | Through negligence, Blondell permitted Gildea to believe that Delgado was Blondell’s agent, when Delgado had not really been appointed by Blondell.

If this creates an ostensible agency, it will be by:| | Selected Answer:| (b) expression| Correct Answer:| (c) estoppel| | | | | Question 80| 1 out of 1 points | | Which of the following is not an essential element in creating a real estate agency? | | Selected Answer:| (b) size of the commission| Correct Answer:| (b) size of the commission| | | | | Question 81| 1 out of 1 points | | A properly signed exclusive right-to-sell listing agreement is an:| | Selected Answer:| (c) bilateral contract| Correct Answer:| (c) bilateral contract| | | | | Question 82| 1 out of 1 points |

| Buyer makes a written bonafide offer to purchase, and seller signs the acceptance. A contract is first created:| | Selected Answer:| (a) when buyer receives proper communication of seller’s acceptance| Correct Answer:| (a) when buyer receives proper communication of seller’s acceptance| | | | | Question 83| 1 out of 1 points | | The law that sets the time period in which a legal action must be filed by the wronged party, is called the statute of:| | Selected Answer:| (d) limitations| Correct Answer:| (d) limitations| | | | | Question 84| 1 out of 1 points |

| A real estate broker takes an exclusive right to sell listing from a seller for $400,000. A buyer makes an offer for $375,000, which the seller accepts. Before the sale closes, the buyer discovers that the broker misrepresented the square footage of the home. Based on this information, the purchase contract is probably:| | Selected Answer:| (b) voidable| Correct Answer:| (b) voidable| | | | | Question 85| 0 out of 1 points | | An executory contract is a contract that:| | Selected Answer:| (c) has been fully performed| Correct Answer:| (d) is yet to be completed| | | | | Question 86| 0 out of 1 points |

| An owner gives ABC Realty an exclusive agency listing for 60 days. Thirty days later the owner finds a buyer and sells the property without the services of ABC Realty. The:| | Selected Answer:| (a) owner owes ABC Realty a commission| Correct Answer:| (b) owner does not owe a commission| | | | | Question 87| 1 out of 1 points | | A listing contract given to several real estate brokers in which the commission is payable to the first broker who brings in an acceptable offer is what type of listing? | | Selected Answer:| (a) open| Correct Answer:| (a) open| | | | | Question 88| 1 out of 1 points |

| If the seller refuses to sell after signing a valid purchase contract and the buyer wishes the property instead of money damages, the buyer will sue for:| | Selected Answer:| (a) specific performance| Correct Answer:| (a) specific performance| | | | | Question 89| 1 out of 1 points | | Per the Buyer’s Inspection Advisory form that a real estate agent gives to the buyer, the:| | Selected Answer:| (a) purchase agreement obligates the seller to make the property available to buyer for investigations| Correct Answer:| (a) purchase agreement obligates the seller to make the property available to buyer for investigations|

| | | | Question 90| 1 out of 1 points | | An owner lists a home for sale with XYZ Realty, with instructions to submit the listing to ? the multiple listing service and invite other brokers to help find a buyer. This is an example of a(n):| | Selected Answer:| (b) offer to cooperate| Correct Answer:| (b) offer to cooperate| | | | | Question 91| 1 out of 1 points | |

Which two terms do not go together? | | Selected Answer:| (c) exclusive right to sell ? unlimited time| Correct Answer:| (c) exclusive right to sell ?unlimited time| | | | | Question 92| 1 out of 1 points | | A real estate agent may legally refuse to show property available for sale to a person of a minority race if the:| | Selected Answer:| (b) owners were out of town and had left instructions the home was not to be shown to anyone during their absence| Correct Answer:| (b) owners were out of town and had left instructions the home was not to be shown to anyone during their absence| | | | | Question 93| 1 out of 1 points | | Broker Wilson took a listing.

Wilson’s salesperson brought in an offer. One hour later another offer on the same property came in from a different real estate company. The salesperson from Broker Wilson’s office submitted the first offer first. Which of the following is correct? | | Selected Answer:| (c) Broker Wilson must inform the seller of both offers or be subject to disciplinary action| Correct Answer:| (c) Broker Wilson must inform the seller of both offers or be subject to disciplinary action| | | | |

Question 94| 1 out of 1 points | | Which of the following indicates the greatest progress toward completion of a sale? | | Selected Answer:| (b) broker notified buyer of seller’s signed acceptance of buyer’s offer| Correct Answer:| (b) broker notified buyer of seller’s signed acceptance of buyer’s offer| | | | | Question 95| 1 out of 1 points | | Megan’s Law is concerned with the:| | Selected Answer:| (b) location of registered sex offenders| Correct Answer:| (b) location of registered sex offenders|

| | | | Question 96| 0 out of 1 points | | Six separate co-buyers of a parcel of land signed a deposit receipt contract at different times and places. A copy must be:| | Selected Answer:| (d) sent to each one after the last one signed| Correct Answer:| (b) given to each at the time they sign| | | | | Question 97| 1 out of 1 points | | When would a broker be legally required to reveal the amount of commission under a net listing?

| | Selected Answer:| (d) before the seller accepts the buyer’s offer| Correct Answer:| (d) before the seller accepts the buyer’s offer| | | | | Question 98| 0 out of 1 points | | What is a contract called in which the seller agrees to pay a commission and the broker agrees to use diligence in finding a buyer? | | Selected Answer:| (c) bilateral executed contract| Correct Answer:| (a) bilateral executory contract| | | | | Question 99| 1 out of 1 points |.

| The listing agreement stated that the existing loan was to be assumed. The broker received an offer per the exact terms of the listing except that the buyer wanted to put on a new loan. The seller refused the offer. The broker would be:| | Selected Answer:| (b) entitled to no commission| Correct Answer:| (b) entitled to no commission| | | | | Question 100| 1 out of 1 points | | Under an option agreement, the grantor/owner of the property is the:| | Selected Answer:| (d) optionor| Correct Answer:| (d) optionor| | | | |