FREE CA Real Estate Sales Question and Answers

Question 1

The next three real estate words are closely related. Which phrase is not a part of the group?

Accepted Answer

Easement

Answer

Judgement

Answer

Attachment

Answer

Lien

Question 2

A deed's restrictive covenant that forbids sales to people of a specific race will:

Accepted Answer

Have no effect on the conveyance, and the covenant will be null and void.

Answer

Create the power in the grantee to void the conveyance

Answer

Retain in the grantor the power to enforce the covenant

Answer

Invalidate the conveyance

Question 3

Protective covenants that impose limitations on lot grantees in a new subdivision are likely to be found in the following:

Accepted Answer

Recorded declaration of the restrictions

Answer

Zoning codes

Answer

Original deed held by the subdivider

Answer

Subdivision Map

Question 4

When a husband and wife own property jointly, the wife has the following legal rights:

Accepted Answer

None of the property

Answer

One half of her share

Answer

One half of the husband's share

Answer

One half of the entire property

Question 5

The estate of a joint tenancy

Accepted Answer

Is a single estate

Answer

Involves real property only

Answer

Involves personal property only

Answer

Is an estate in severalty

Question 6

The term "tenancy" in real estate means:

Accepted Answer

A mode of holding ownership

Answer

A tenacious person

Answer

A device

Answer

Two or more people joined in an enterprise

Question 7

Which of the following actions would turn Jackson's freehold property interest into a less-than-freehold property if he owns it?

Accepted Answer

none of the above

Answer

a five-year lease to a third party for the use of the property for agriculture

Answer

a transfer of the property's mineral and oil rights to a third party

Answer

the granting of a right-of-way easement over the land

Question 8

The method of discounting anticipated future rewards of ownership to a current value at a rate that is luring buy cash to comparable investments is known as:

Accepted Answer

Capitalization

Answer

Projection

Answer

Equity manipulation

Answer

Yield evaluation

Question 9

Over time, a wide variety of firms have emerged in the real estate assessment sector. The A.I.R.E.A. and the S.R.E.A. are two of them. Which of the following statements about these two organizations is accurate?

Accepted Answer

All of the above

Answer

They are professional organizations founded in the 1930s

Answer

They are professional organizations that are international in scope

Answer

They are organizations of professionals who carry out residential appraisals.

Question 10

When comparing the value estimates the appraiser has obtained using each of the three methods, the appraiser:

Accepted Answer

None of the above

Answer

Assigns weigh to the individual estimates and then averages them

Answer

Simply average his estimates

Answer

Both of the above