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LET’S PRACTICE!
#1. What is the purpose of the Real Estate Recovery Fund in California?
#2. Which type of deed offers the least protection to the grantee?
#3. What is the minimum number of years for adverse possession in California?
#4. Which loan type is guaranteed by the government?
#5. What is an example of a bilateral contract?
#6. What does ‘puffing’ refer to in real estate?
#7. Which of the following is a voluntary lien?
#8. The principle of substitution is used in which valuation approach?
#9. How many continuing education hours are required for license renewal?
#10. Which of the following is a physical characteristic of land?
#11. A life estate is measured by:
#12. Which government agency regulates truth-in-lending disclosures?
#13. What does RESPA primarily regulate?
#14. How is market value best defined?
#15. Which of the following best describes steering?
#16. Who is responsible for disclosing a death on the property?
#17. What is the function of a title company?
#18. Which of the following is not considered an encumbrance?
#19. How many members are on the California Real Estate Commission?
#20. What is a key feature of a joint tenancy?
#21. When must a licensee give the agency disclosure form?
#22. A property that suffers value loss due to nearby factory pollution is an example of:
#23. What is the main purpose of an appraisal?
#24. Which type of agency is created by implication?
#25. What is the primary duty of escrow?
#26. An adjustable-rate mortgage means:
#27. A balloon loan typically has:
#28. Zoning laws are an example of:
#29. Which document is used to reconvey title when a loan is paid off?
#30. An easement appurtenant benefits:
#31. A valid contract must have all of the following except:
#32. Which of the following is a fixture?
#33. Who typically pays for title insurance in California?
#34. A trust deed involves how many parties?
#35. What does ‘quiet enjoyment’ mean in a lease?
#36. What is the primary responsibility of a property manager?
#37. A dual agency requires:
#38. The effective age of a property is based on:
#39. Which of these would be considered a material fact?
#40. What is an example of functional obsolescence?
#41. Which loan has no down payment required?
#42. A deed in lieu of foreclosure is:
#43. Which form of ownership allows unequal interests?
#44. A blanket mortgage covers:
#45. When does a real estate license expire in California?
#46. What is an option contract?
#47. Which of these is not a legal method of land description?
#48. Which of these requires a real estate license?
#49. The Fair Housing Act prohibits discrimination based on:
#50. What is a net lease?
