California Real Estate PROPERTY OWNERSHIP AND LAND USE CONTROLS AND REGULATIONS {ALREADY GRADED A+ } NEWEST VERSION

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California Real Estate PROPERTY

OWNERSHIP AND LAND USE CONTROLS

AND REGULATIONS {ALREADY GRADED

A+ } NEWEST VERSION

  • Which of the following statements is true in the comparison of condominiums and
  • rented apartments?

  • any or all of these
  • the people who occupy each unit have an estate in real property
  • a fee estate is established for the person who occupies it
  • taxes are assessed on each unit individually

Correct Answer: b

  • A lien is created by recording which of the following?
  • a writ of execution
  • a mortgage
  • a lawsuit
  • an easement

Correct Answer: b

  • A title company representative would be familiar with an "abstract of title clause."

This is:

  • a description of the property being examined
  • a report that informs the type of title insurance that will be used
  • a written analysis that specifies the location of the property
  • a written summary of change of ownership or claim on the property being examined

Correct Answer: d

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4. The Williamson Act was created in 1965 to benefit:

  • farmland owners by providing them with lower property taxes
  • real estate licensees requiring emergency funds
  • low-income families with down payment assistance
  • landlords during difficult tenant evictions

Correct Answer: a

5. Zoning laws are based upon the legitimacy of the:

  • ability to enforce the rules
  • established right of police power and government
  • local authorities regulate the rules
  • highest and best use of the land

Correct Answer: b

  • When purchasing a property in a California land project, how much time is the buyer
  • given in order to cancel their transaction and be entitled to a refund?

  • 15 calendar days
  • 30 calendar days
  • 14 calendar days
  • 12 calendar days

Correct Answer: c

  • Who enforces the State Housing Act?
  • local police department
  • local city planning
  • local city engineer
  • building inspector

Correct Answer: d

  • Which of the following is not a lien?
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  • property taxes
  • a judgement
  • an encroachment
  • a mortgage

Correct Answer: c

  • By the use of police powers, the general plan can be implemented by all, except:
  • allowing for a deadline to terminate the nonconforming use within a reasonable time
  • not allowing to expand on an existing improvement
  • adopting a retroactive zoning ordinance
  • not allowing the restart of a nonconforming use once it has been interrupted

Correct Answer: c

  • An ALTA policy protects beyond a CLTA policy by protecting against which of the
  • following?

  • Transfer of deed to a minor
  • post policy issuance forgeries
  • error and omissions in the chain of ownership of title
  • The location or property lines according to a formal survey

Correct Answer: d

  • Mrs. Willis contracted Top Notch Roofing to place a new tile roof on her single
  • family home. If for some reason Mrs. Willis refused to pay the bill for the work done, Top Notch Roofing could file a lien for the payment due. What is the name of the encumbrance that would be created by taking such action?

  • voluntary lien
  • general lien
  • specific lien
  • involuntary lien

Correct Answer: c

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12. A city's master plan would include:

  • any or all of these
  • water and utilities
  • commercial, residential, and recreational zones
  • the ability to develop a better traffic flow system

Correct Answer: a

13. The housing and construction industry is regulated by:

  • State Housing Act
  • local building codes
  • State Contractors License Law
  • all of these

Correct Answer: d

  • What do a landlord owned apartment building and a condominium have in
  • common?

  • occupants of either one would receive separate utility bills
  • occupants of either have a fee simple estate
  • occupants of either do not have a fee simple estate
  • occupants of both have an estate in real property

Correct Answer: d

  • A lien that has been created by court action and covers all of the debtor's property

in the county where it was recorded is called:

  • a specific lien
  • a general lien
  • a lis pendens
  • any of these

Correct Answer: b

  • What type of estate is of "indefinite duration"?

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California Real Estate PROPERTY OWNERSHIP AND LAND USE CONTROLS AND REGULATIONS {ALREADY GRADED A+ } NEWEST VERSION 1. Which of the following statements is true in the comparison of condominiums an...

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