Real Estate Principles Final Exam
Anything that is fastened or attached to real property permanently is
considered to be:
(Ans- Real Property
A quitclaim deed releases all present claims, rights and title of the:
(Ans- Grantor
When a creditor wants to satisfy a judgement which was levied against
another person, the creditor would:
(Ans- Obtain a writ of execution
Before a mechanics lien is effective it must be:
(Ans- Verified and recorded
Discrimination by a real estate licensee based on race is:
(Ans- A violation of the regulations of the Real Estate Commissioner, against public policy, and unethical
Upon the signing of a real property sales contract:
(Ans- An equitable title passes to purchaser
All California Real Estate Laws are created by:
(Ans- Acts of the legislature
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The 36 sections in a township are numbered from 1 through 36. Section 1
is located in the:
(Ans- Northeast corner
Which of the following would be a discriminatory act under the Commissioner's Regulations?(Ans- Posting a sign on the property indicating a preference for female renters, designing an ad for general circulation appealing to persons of a specific religion to purchase within a given area, and refusing to list a property in an area occupied by persons of a race other than the licensee.
The type of interest usually charged on home loans is:
(Ans- Simple
A landowner is notified by a railroad company that it plans to cross his property with a railroad line. If the landowner refuses, the railroad company
can proceed by the use of:
(Ans- Eminent domain
Title to real property that is transferred by a will is considered:
(Ans- A devise
A real estate broker received 40 acres of land valued at $300 per acre as a commission from the seller. Two weeks after escrow closed, the broker
was offered $400 per acre for the land. If the broker accepts the offer he:
(Ans- Will be acting in an acceptable manner
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