Kw California Real Estate Exam Prep Hot Questions

What is the best way to appraise a land site

If you went to the city/county and wanted to change the electrical requirements specific to the structure from the standard normal requirements, this would be a(n):

In real estate transactions, the type of misrepresentation which occurs least often is:

When does the seller have to give a termite report?

A listing agent received two offers in the morning and immediately presented the offers to the seller. In the evening the agent received two more offers, both with a lower price. What should the agent do?

An estate in real property with an individual interest in the unit plus undivided interest in common areas, such as, swimming pools, parking, or shared walkways, describes which of the following?

The California State Contractor's law applies to all of the following EXCEPT:

A property sold for a total of $100,000. An existing loan of $60,000 was assumed. What would the Documentary Transfer Tax be?

A broker has been in the business for many years. He currently has 40 exclusive listings in his office. The broker dies and his daughter who is also a broker, takes over for him. What should she do about the current listings?

Within how many days should a property manager send out the tenant's refund check with a receipt of deducted amount (if any)?

The term "infill" is most closely defined as:

A deed has a provision regarding racial and religious discrimination. The deed may be changed:

The doctrine of "first in time, first in right" refers to:

Salesperson Kim has several listings and is an agent of Broker Ling. These listings are:

An unlicensed person could receive a finder's fee from a broker:

Gregorian owns an easement in Duran's property/land. Gregorian is not a property owner. What kind of easement does Gregorian have?

Mr. Kwan has a $30,000 loss on the operation of his rental property. This is his only rental investment. With respect to his income tax, he may do which of the following?

On a listing agreement what is included under the section, "Terms of the Sale?"

Most real estate contracts contain preprinted clauses or spaces for information to be added in writing. In the interpretation of such contracts:

As it relates to the field of real estate, the legal term "theft" would include all of the following EXCEPT:

A home sold for $210,000 but appraised for only $203,000. The lender is willing to finance up to 80%. How much will the buyer need to pay as a down payment?

When subdividers evaluate the topography of land,

In making adjustments to effective gross income for management expenses, on which of the following would an adjustment be made:

The Unruh Civil Rights Act prohibits discrimination in:

Suzie has a home but decides to buy a new house. She keeps the old house to rent. She moves out of the old house and into the new house in late January. For the upcoming fiscal year, starting July 1, on which home may she claim the California Homeowner's Property Tax Exemption?

Salesperson Kim has several listings and is an agent of Broker Ling. These listings are:

A man bought a mobile home two months ago and moved it to a mobile home park. He than wanted to list it for sale. Which of the following is true?

By Proposition 13, the annual real estate tax on a parcel of property in California is limited to:

Broker A meets the Brown family and the Browns make an offer on a house on Elm Street which is owned by Jones. The offer is contingent on the sale of the Brown's house on Main Street which is several counties away. Seller Jones accepted the offer. Broker A refers the Browns to Broker R for the sale of their Main Street home. A written compensation referral form is executed. According to Article 7 of the Code of Ethics, Broker A must disclose:

A real estate licensee's business card must include which of the following?

Why would a borrower in default prefer a deed in lieu of foreclosure over foreclosure proceedings?

With regards to a fiduciary relationship, a Broker is to a Seller, as a:

Which type of deed has no express or implied covenants or warrantie

The purchasing power of a dollar is measured:

Local governments are authorized to create Community Redevelopment Agencies (CRA's) for the purpose of correcting blighted conditions and to expand the supply of low and moderate income housing within their jurisdiction. By law, CRA's must set aside a portion of the tax revenue increases generated by the higher valuation created by their development projects in a special fund. The name of this fund is the:

When a fire insurance claim is filed which of the following is true? The claimant would:

To determine ownership, what is the court action taken?

A buyer makes an offer on a property but does not have available cash for the down payment. He executes a promissory note in the amount of $1,000 at 12% interest to be repaid in 10 days. The broker:

When a broker keeps records electronically, the program he would use for record retrieval is:

Who may obtain a copy of a termite report after it has been filed with the Structural Pest Control Board?

A listing broker wants to give $50 to a buyer and $50 credit against his commission to a buyer or seller who either lists with him or purchases one of his listings. With regard to his actions:

A broker is representing a subdivider selling a new large subdivision of single family dwellings. The broker knows that conformity is the key to maintaining optimum value in the new subdivision. The broker and his salesperson decide that in order to achieve this goal they will quote higher prices to minorities than to other buyers. This would be:

After reconciliation of the trust account, a broker finds funds in the account for which he cannot determine ownership. The broker should:

Which of the following best describes the period of time in which a lis pendens action is effective:

An owner of a property which was located near an airport was constantly bothered by the noise of low flying aircraft. He wanted to bring court action and force the city to condemn the property because of the noise. This would be an example of:

Jones, who does not have a real estate license, is the owner and president of an investment firm. He advertises and sells properties for his clients. Since these transactions involve real estate, who will prosecute him for violating the real estate law:

The transfer of personal property must be in writing if the sales price is:

Why was HUD, Section 8, created?

A document which details the responsibilities of a property manager would be called a

Which of these pairs of terms have the closest relationship to each other:

51. A GPAM is what kind of loan:

In order to alienate property you must:

Which of the following would be true about a lis pendens:

A broker communicates information given to him by the seller to the buyer in full faith that the seller's information is true. It is later proven that the information was false, and the buyer rescinds. The broker is subject to:

Acquisition of property by its incorporation with other property is known as

The Gonzales family wanted to purchase a property and assume the seller's VA loan, "subject to". Which of the following is correct?

A net leasing agreement would require the lessee to pay his share of all of the following EXCEPT:

A real estate broker can store records electronically as long as:

The purpose of the assessment roll, as compiled by the assessor's office is:

Which of the following is the most commonly used credit rating system?

A deed has a provision regarding racial and religious discrimination. The deed may be changed:

Baker sells a property to Davis and executes a grant deed in favor of Davis. Davis then takes the deed and places it in a safety deposit box. Baker then sells the same property to Charles who subsequently records it. Which of the following is correct?

How long do deed restriction last?

The Irwin's made an offer to purchase the Grey's property. As part of the offer, the Irwin's agreed to take title "subject to" an existing VA loan which the Greys obtained when they purchased the property in the approximate amount of $39,000. If the Greys sell to the Irwins under these conditions, which of the following is true concerning liability for a loss suffered by the government after a foreclosure on the VA loan:

Commissions rate price fixing is a violation of the:

An escrow is said to be "perfected" when:

When a broker has a trust account, the name on the account must:

Joan Black owned property in severalty as a single woman. She later married and owned the property under her married name, Joan Redding. This may be confusing in the future because:

Which of the following would be considered a violation of the Fair Employment and Housing Act?

A seller asks a broker about the race of an offeror. Which of the following is true?

For FHA purposes, acquisition costs include nonrecurring closing expenses. Which of the following would NOT be included:

When the first party agrees to pay for a financial loss arising from a specific event, and the second party agrees to make periodic payments to the first party, the agreement is known as:

A broker is handling the sale of a house for a seller. The broker gave the buyer the required disclosures. The disclosures failed to disclose something which was recorded with the county recorder. What kind of notice did the buyer receive?

A broker is selling an apartment complex and puts together a prospectus which shows a 12% yield. In the prospectus, the broker shows the correct gross scheduled income, but fails to show a vacancy and bad debt deduction. He also fails to include management, maintenance and several other operating expenses. The buyer buys the property based on the income analysis given to him by the broker. The broker is guilty of:

Regarding environment standards, Federal law requires the seller of a new home to disclose which of the following to the buyer?

The best way to test for radon gas in a building is with a:

A buyer wants to know why the demographics have changed in an area causing home prices to decline. The buyer wants to know if it is due to a certain race moving in. What is the best way to answer?

A real estate licensee did not use diligence in researching problems with a home he had listed and failed to disclose these problems to the buyer. How long does the buyer have to bring a lawsuit against the agent?

A mobile home park is defined as:

In order to accurately calculate a gross rent multiplier, what data would an appraiser obtain from comparable properties:

A "key lot" is:

Who would be responsible for paying the 1% origination fee on an FHA loan?

Buyer and seller are in escrow. Prior to the close of escrow, the seller wants to back out because he finds out a new freeway is being built close to his house and he thinks the property will increase in value. What should seller's agent do?

A broker is representing a developer who has completed his project in a subdivision called "Ridgeway." The broker's advertisement states that people have "already won a free gift," but in reality, they must attend a sales seminar to receive the gift. This type of advertising is:

In a new counter-offer:

An agent becomes the agent of the seller when both the seller and the agent sign:

A developer of a condominium project placed a restriction in the CC&Rs saying that no condominium owner could place a "for sale" sign in front of their condominium until all of the original condominiums had been sold. Regarding this restriction:

Which of the following is NOT included in the Natural Hazard Disclosure Statement?

Which of the following is a lessor not allowed to deduct from a security deposit?

Steve has an old building where he runs his business. The city has just condemned the property through eminent domain. In this case:

What is the closest measurement in linear feet of the sides of a square, one acre parcel of land?

A broker communicates information given to him by the seller to the buyer in full faith that the seller's information is true. It is later proven that the information was false, and the buyer rescinds. The broker is subject to:

The term "Housing Accommodation" refers to real property of how many units when occupied by the owner?

A high energy efficiency ratio (EER) on an air conditioner would mean:

It is important for a landlord to obtain all the necessary information on a rental application to allow the landlord to make a decision about renting to a particular person or to more than one person. A landlord thinks it is important to know whether or not a couple is married. Is it legal for the landlord to inquire whether or not a couple is married on the rental application?

Where there is a conflict between local building codes and the State Housing Act, which will prevail?