ARE YOU READY?
LET’S PRACTICE!
#1. What type of listing allows the seller to sell the property without paying a commission?
#2. Which of the following is an example of functional obsolescence?
#3. What is the minimum age to be licensed as a real estate salesperson in California?
#4. What does the term ‘tenancy at sufferance’ refer to?
#5. Who is typically responsible for ensuring loan documents are recorded?
#6. What does the term ‘reconveyance deed’ refer to?
#7. What is the purpose of a loan origination fee?
#8. Which of these is not considered an agent of the principal?
#9. What is the primary role of a managing broker?
#10. When must a salesperson renew their license in California?
#11. Which is not a test of a fixture?
#12. The rule of disclosure in real estate is based on:
#13. What is a real estate syndicate?
#14. What is the effect of an unrecorded deed?
#15. How are property taxes determined in California?
#16. Which document serves as evidence of debt?
#17. Which of the following is not a lien?
#18. What is the primary difference between a grant deed and a quitclaim deed?
#19. What is an abstract of title?
#20. What is a triple net lease?
#22. What is required for adverse possession?
#23. Which entity provides flood zone maps?
#24. How does an appraiser define market value?
#25. What type of ownership includes survivorship rights?
#26. How long is a real estate broker license valid in California?
#27. Who must sign a deed for it to be valid?
#28. What is an easement in gross?
#29. Which of the following is an involuntary lien?
#30. What is the impact of zoning on property value?
#31. Which of these is required for a valid agency relationship?
#32. What is an example of an encumbrance?
#33. What does ‘highest and best use’ refer to?
#34. Which of the following best describes ‘steering’?
#35. A subagent owes fiduciary duties to:
#36. What is an example of an express contract?
#37. The Real Estate Law is part of which code?
#38. Who is the beneficiary in a deed of trust?
#39. What is a mortgage-backed security?
#40. What is the difference between a mortgage and a deed of trust?
#41. What is the rescission period for a refinance?
#42. Which is a type of leasehold estate?
#43. Which law requires equal access for individuals with disabilities?
#44. What is an appurtenant easement?
#45. Who is required to complete the Transfer Disclosure Statement?
#46. What is the difference between exclusive agency and exclusive right to sell?
#47. A short sale occurs when:
#48. Which of the following is NOT real property?
#49. What is the major advantage of owning real estate as a limited liability company (LLC)?
#50. Which term refers to the land and everything permanently attached to it?
