Free CA Real Estate Laws of Agency Questions and Answers

Question 1

A subdivision consisting of individually owned lots as well as areas owned in common is a

Accepted Answer

planned development

Answer

community apartment project

Answer

condominium project

Answer

stock cooperative

Question 2

Appraiser Hansen estimated all direct and indirect construction costs of the Harley Building separately, then totaled them. She used the?

Accepted Answer

quantity survey method

Answer

unit in place method

Answer

index method

Answer

cost averaging method

Question 3

Can real estate agent give advice on how to acquire title?

Accepted Answer

No

Answer

governor

Answer

goodwill

Answer

VA

Question 4

All water heaters must be

Accepted Answer

braced, anchored, or strapped

Answer

cemented in place

Answer

at least 80 gallons in capacity

Answer

warranted by the state

Question 5

Real estate commission rate

Accepted Answer

are not fixed by law

Answer

are established by the California Bureau of Real Estate

Answer

should be no lower than 2%

Answer

should be no higher than 10%