California Real Estate Practice PDF Download Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download California Real California Real Estate Law GET BOOK Download California Real Estate Law Book in PDF, Epub and Kindle Known for its accessible approach to real estate law and comprehensive + Free California Real Estate Practice Exam Questions (December ) California Real Estate Exam Hello, welcome to our California Real Estate Practice Exam. In California, Jun 2, · California Real Estate Practice Book Details Author: Robert L. Herd Pages: pages Publisher: Cengage Learning Language: English Book Synopsis none California Real Estate Law And Practice. Download California Real Estate Law And Practice full books in PDF, epub, and Kindle. Read online free California Real Estate Law And Practice ... read more
Earnest money should be deposited into a trust account in a timely manner, according to state laws. While the time period varies from state-to-state its best practice to always deposit the money as soon as possible. Emblements are annual crops cultivated by a tenant that is treated as the tenant's personal property. What is the procedure used by a public or private entity with the powers granted to take privately owned real estate? Condemnation is the procedure used by a public or private entity with the powers granted from eminent domain to take privately owned real estate.
eminent domain is the right which grants the government to take privately owned land from someone while condemnation is the action of taking that land. Richard is renting property from Becky. Richard is on a month to month lease agreement. This past month he did not pay his rent. Richard's interest would be classified as:. A tenant who continues to occupy property after his or her rights have expired is said to occupying the property under an Estate at Sufferance. Each square, six miles by six miles, is called a township. Since each township is six miles by six miles, townships contain 36 square miles, each one forming a section. If a leased premises becomes uninhabitable deliberately in an attempt to remove the tenant. What is this action called? Constructive eviction is a term used in the law of real property to describe when a landlord sidesteps the formal, legal eviction process, and instead attempts to force the eviction of the tenant by rendering the property uninhabitable.
A tenant who is constructively evicted may terminate the lease and seek damages. California state law requires that copies of purchase agreements, be kept by the broker for at least. California state law requires that copies of purchase agreements and all related records whether or not the transaction ever closed , be kept by the broker for at least five years. Percolation is the process of a liquid slowly passing through a filter. It's how coffee is usually made. For real estate, a percolation test is a test to determine the water absorption rate of soil in preparation for the building of a septic drain field or infiltration basin. The results of a percolation test are required to properly design a septic system. What is best defined as, a document in which a property owner contracts with a real estate agent to find a buyer for the owner's property? A Listing agreement is a document in which a property owner contracts with a real estate agent to find a buyer for the owner's property.
The owner executes the listing agreement to give a real estate broker the authority to act as the owner's agent in the sale of the owner's property, for which the owner agrees to pay a commission. A listing agreement is a personal service contract. That means that should the seller die, or either party becomes incapacitated, or the property is physically destroyed in an accident, the listing agreement is terminated. This just means the actual selling price of the property. Which act amended the comprehensive environmental response, compensation, and liability act also known as CERCLA? The Superfund Amendments and Re-authorization Act of SARA was passed when the original act, CERCLA, expired in It amended the comprehensive environmental response, compensation, and liability act.
The big change had to do with liability. When a property owner has been innocent of all involvement with a hazardous waste site, under certain circumstances, he may claim immunity from responsibility. In plain terms it allows truly innocent landowners to have immunity from legal liability. SARA also required EPA to revise the Hazard Ranking System to ensure that it accurately assessed the relative degree of risk to human health and the environment posed. Which of the following real estate contract clauses is typically seen in blanket mortgages and allows for the freeing of all or part of a property from a claim through a proportional or full amount of the mortgage being paid off? A release clause is a contract provision typically in a blanket mortgage that allows for the freeing of all or part of a property from a claim through a proportional or full amount of the mortgage being paid off.
Economic life is the expected period of time during which an asset remains useful to the average owner. Under the terms in a mortgage, the lender must be paid in full if the property is sold to another person. This is known as the. The alienation clause is a contract provision that comes into effect when ownership of a specified asset is transferred or sold. It ensures that if a transfer of property happens the lender is paid in full from the original borrower. It's a legal clause lenders add for protection. Generally speaking, what happens when the supply of available houses in an area increases significantly? So in real estate terms, when the supply of available houses in an area increases significantly the average cost of housing goes down.
In the appraisal of a building constructed in the s, the cost approach would be the least accurate method because of difficulties in. The cost approach is considered to be reliable when used on newer buildings, and not as reliable with older. The cost approach becomes nearly ineffective after 25 years or so because of the difficulty in: estimating depreciation, estimating changes in the cost of construction, and estimating changes in prices of building materials. Which of the following are NOT prohibited practices listed in the regulation? There is no limit to the number of properties you can sell in California.
While the rest of the following are prohibited practices. A property owner acquired the ownership of land that was deposited by a river running through his property by what? In real estate, the increase of the actual land via a stream, lake or sea by the action of water which deposits soil upon the shoreline is accretion. For example, there cannot be a contract to kill, steal or anything illegal. Any offer to purchase real estate MUST be signed by both the buyer and seller in order to be valid. Both parties must follow these guidelines. It becomes a legal contract as soon as both parties sign. Aaron can't get to his property from a public road without crossing over his neighbor Ron's property. If Aaron can't get to his property from a public road without crossing over his neighbor Ron's property he is landlocked.
He needs an easement for ingress and egress over Ron's property to be able to enter and exit the property. Complete the statement and make it factually accurate. In lien theory states:. In lien theory states, however, banks or mortgage lenders never retain title to the property. Instead, the mortgage lender holds a lien against the property. The buyer doesn't need to know the sellers getting a divorce. Lead paint, and flooding, however, both must be disclosed nationally. State laws differ on whether a buyer is entitled to know about deaths. In Texas, deaths from natural causes, suicides, or accidents unrelated to the property do not have to be disclosed.
However, deaths related to the condition of the property or violent crime on the property must be disclosed. Other states impose a duty on a stigmatized property in which there has been a suicide or murder. A bit of a trick question. Voidable contracts MAY be valid, often they appear valid but are not. Remember, voidable contracts have the necessary elements to be enforceable, so they appear to be valid, but can be rejected by one party if the contract is discovered to have any number of defects. Crossing out part of a printed contract is actually allowed and legally enforceable as long as both parties and the original text is still readable. The Unruh Civil Rights Act provides protection from discrimination by all business establishments in California, including housing and public accommodations.
What kind of leasehold does the tenant have? Tenancy at Will is a property tenure that can be terminated at any time by either the tenant or the owner or landlord. It exists without a contract or lease and usually does not specify the length of a tenant's duration or the exchange of payment. If you do not have a lease, but you do have your landlord's permission to live in your apartment, you are a tenant at will. The acceleration clause is a contract provision that requires a borrower to repay all of an outstanding loan if upon a breach of the contract. What type of loan is this? This is an example of a balloon loan.
A balloon loan is different as not all payments are the equally divided and the most substantial payments are called Balloon payments. A broker's listing on a house expired. The next day it was listed with another broker and offered in the MLS. A week later, a third licensee called the first broker and asked for the key to show the home. The broker should inform the caller that:. He is no longer the listing agent, he MUST inform the caller that information. Anything else would be deemed unethical and potentially illegal. Researching recently sold homes in the area and homes that haven't been sold in the area and comparing their prices.
Is an example of. A comparative market analysis is an examination of the prices at which similar properties in the same area recently sold. Agents can use a comparative market analysis for their clients to help them determine a price when selling or buying a home. The person who hires or appoints an agent is called the principal. In plain terms, the principals in a real estate sales transaction would be the buyer and the seller. Is replacement cost and reproduction cost the same thing and if it is different, what is the difference? No replacement cost, is the cost of replacing an asset or property. Reproduction cost estimates how much it would cost to exactly reproduce an asset or property to exact specifications. Reproduction cost looks at the cost of creating an exact replica, and should not be confused with replacement cost, which looks at the cost of replacing an insured property with one of similar functionality. Reproduction cost is more specific.
This is used to calculate or identify the market value of the property. The income approach is primarily used for rental properties as not all properties normally generate income. What is the highest form of real estate ownership that is recognized by law, in which the owner can enjoy the property to its fullest extent? Fee simple absolute or fee simple for short is an estate in land. Fee simple absolute is the greatest interest in a parcel of land that one can possibly own. The fee simple estate has unlimited duration and can be passed on to heirs. A property owner enters into a listing agreement with an agent. Another agent obtains a buyer for the house, and the first agent does not receive a commission. The listing agreement between the first agent and the property owner was probably.
Open listings are truly open. Sellers might consider an open listing if there are a lot of buyers in the marketplace. An open listing is when any agent or broker can participate in the listing and is entitled to a commission if he or she produces the sale. Since the listing agreement between the first agent wasn't met it had to be an open listing because another agent obtained a buyer. A creditor can consider age, if it's used to determine the meaning of other factors important to creditworthiness. A creditor cannot consider age in any of the other situations listed. Which of the following consumers would most likely qualify and be able to derive the most benefit from refinancing their mortgage? In this instance age doesn't really matter. What does matter is that the middle age couple has a mortgage with a high interest rate and at the current rates at much lower. They would most likely qualify for a refinance and they would definitely derive the most value from it.
Bonus tip. Generally speaking, homeowners should have a solid credit score to refinance, although there are a few exceptions in government run loan assistance programs. Which valuation method or appraisal approach involves comparing a property to other recently sold properties in the same area of similar size and condition? The market data approach, also known as the sales comparison approach, involves comparing a property to other recently sold properties in the same area of similar size and condition. For residential real estate, the market data approach is typically regarded as the most accurate comparison method. In common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
It is commonly associated with transferring title to property. Within deeds, covenants are:. Covenants are agreements or promises within deeds. For example, a warranty deed can include six forms of covenants. Those six are a series of legally binding promises and warranties to the grantee agreeing to protect the grantee against any prior claims and demands of all persons whomsoever in regards to the conveyed land. In plain terms, a bilateral contract is an agreement between two or more parties. Most business and personal contracts fall into this category. Requires public accommodations to remove barriers in existing buildings such as adding braille markings to elevator buttons, is a requirement of which law? The Americans with Disabilities Act ADA became law in The ADA is a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.
Agents or brokers function under certain legally mandated duties called fiduciary duties. Fiduciary duties include: Loyalty, confidentiality, disclosure, obedience, reasonable care and diligence, accounting and more. Honesty and fairness must be given to an unrepresented buyer. Which of the following laws prohibits discrimination in the buying, selling, renting or financing of housing. These laws prohibit discrimination based on race, religion, color, sex, disability, children, nationality and more. The Fair Housing Act is a law that prohibits discrimination in the buying, selling, renting or financing of housing. There is no anti-assignment clause in the contract. Which of the following statements is NOT true? Joan is the optionor, and Bob is the optionee. And Bob can assign an option if he wants. Joan cannot force to purchase the property. Remember, a seller cannot force a buyer to buy the property with an option to purchase.
It's worth noting that they can in a lease to purchase, but in the question, it specifies it's an option contract. It generally has to do with performance. Time is of the essence clause in real estate contracts refers to a clause that requires one party in a real estate contract to fulfill their obligations within a specific time frame. Restart quiz. NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you. Have a question about the real estate exam? Find the answers to all your real estate license questions here:. Real estate license requirements vary from state to state. The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents.
With a total of questions, that means the score to pass is In California, you can miss 45 questions and still pass the real estate exam. There are no limits to the number of times you can take your real estate exam, but it must be passed within two years after passing through the hour pre-licensing course. The multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to California real estate license law. Here is what topics you are expected to know:. Between our real estate prep materials, real estate practice tests, and video lessons — there is no better way to prepare for your real estate exam.
Your success is important to us, which is why we offer a no-questions-asked day money-back guarantee. Ready to pass? Sign up for the newsletter to get exclusive real estate exam tips that I don't share anywhere else. Real Estate License Wizard MacKenzie Way Suite Cranberry Twp, PA Phone: Email: info [at] realestatelicensewizard. California Real Estate Exam. Divisional Contractors. Gross Rent Multiplier. Reasonable Care and Diligence. the rights to the natural resources lying below the earth's surface. the rights to use the surface of the earth.
the rights to use any rock, soil, or hard object. the rights to the trees, ferns, and other plants. The rescission of a contract occurs when:. a contract is signed. a contract is classified as unenforceable and is terminated. one party wants waive all the remaining duties and wants to terminate the contract. there is an agreement between the contracting parties to waive all the remaining duties and to terminate the contract. False Disclosure. Civil rights laws violations. Predatory lending practices. Communication of acceptance. Property Tax Deflation. Financing Loans Mortgages. Development of Privately Owned Property.
Users, owners, renters, developers, renovators, and facilitators. Players, buyers, sellers, renovators, and facilitators. Buyers, sellers, investors, and facilitators. Buyers, sellers, and investors. Listing contracts. Purchase contracts. Self employment contracts. Salary employment contracts. The first property sold. The second property sold. The third property sold. The properties would all sell for the same price. Sue for diligence. Sue for rescission. Sue for monetary damages. Sue for specific performance. A special agency. A general agency. A universal agency. An exclusive agency. Tenancy at sufferance. Gross lease. Proprietary lease. Tenancy at will. The contract must have monetary consideration.
The party must be the legal age of 18 or older and deemed legally competent. Falsifiable Action. Intangible Title. Color of Title. Clerical Title. Illegal, since they are discriminating age. outdated plumbing. a house not having a pool. a house in a lower class area. an agent not being able to sell a property. All employers must have non discriminatory employment practices. Reasonable accommodations must be provided to people with disabilities. All employees real estate agents included get paid for working on Federal holidays. Any existing premise must be remodeled, if requested by a person with a disability, regardless of the cost. An easement by prescription. An easement appurtenant. An easement by necessity. An easement in gross. renters are taxed less. the land remains in the government's hands. that the actual property owner can remain anonymous.
the land is granted park level and can be tax deductible on a Due Diligence Process. Appraisal Process. Closing Process. Open House. when a property owner sells their property and the government gets a portion of the sale. when a property owner sells their property and the local government gets a portion of the sale. when a property owner dies and leaves no proper documented inheritance plan, the property ownership reverts to the government. VA Loans. FHA Loans. Military Service Loan MSL. Adjustable-Rate Mortgage ARM. Release Clause. Habendum Clause. Acceleration Clause. Subordination Clause. going through airport security. signing a non-disclosure agreement. transferring funds to one agent from another to cover mileage.
ordering something online and checking a box that says terms and conditions. neither shorter or longer than physical life. shorter than physical life. the same as physical life. longer than physical life. An option. A novation. An addendum. An amendment. Department of Justice. Federal Housing Administration. Department of Housing and Urban Development. Federal Department of Justice and Urban Standards. A Servient Estate. A Dominant Estate. An Estate in Sufferance. An Estate in Tenement. Two Years. One Year. Six Months. Boycotting other brokers in the marketplace. Dividing the market to restrict competition. Agreeing to set sales commissions and management rates. Receiving compensation from both the buyer and the seller. Government owned property. Commercial property. Special-use property. Residential property. Excuse himself from the discussion, as this could constitute a violation of The Equal Credit Opportunity Act.
Excuse himself from the discussion, as this could constitute a violation of the Fair Housing Act. Advise the other agents this could constitute a violation of the Sherman Antitrust Act. Listen carefully so he can be more competitive in the market. Yes, because it's an exclusive agency listing. No, because it's an exclusive agency listing. No, only if it was an open listing. Not enough information is given to make that decision. co-owners have unequal interests in a property. if one owner dies, that owners family has an interest in the property and can absorb it. if one owner dies, the other owner must sell his half and they divide the interest among themselves. if one owner dies, that owner's interest in the property will pass to the surviving owner or owners. The buyer. The seller. The principal. The broker. Which of the following is an example of a Special Use property? sports bar.
strip club. public hospital. chuck e cheese. an offer from a third party. a counteroffer by the offeree. cancellation of the offer before its accepted. a death of the offeror before the offer is accepted. business owners. small businesses. An executed contract. An express contract. An implied contract. An option contract. Promissory note. Power of attorney. An alternative offer. An altercation. An offer. A counteroffer. The average cost of housing goes down. The average cost of housing goes up. Commission rates are raised. Commission rates are lowered. Equity lien. Mortgage lien. Voluntary lien. Involuntary lien. Ownership in Severalty. Flat fees are illegal. The fee has to be given before closing otherwise its voided. Since the fee is lower than the united states regulated minimum it is legal. Compensation can be determined in different ways, as long as the seller and broker agree. In the Habendum Clause. Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works — or fails to work.
CA-RELE is comprehensive in that it contains both key content review and testing practice. Finally, our real estate principles and practices content, as well as our question selection, is further tailored to the state testing outline promulgated by the California Department of Real Estate DRE. Therefore, the selected legal points and test questions reflect the topic emphasis of your California license exam. The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, you can check your answers against the answer key in the appendix. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. Your Real Estate Career - Prepare for Success - Time Management - Product Knowledge - Completing Seller's Forms - Completing Buyer's Forms - How Will You Get Your Business? Completely revised and thoroughly comprehensive, this is the brand new edition of the state's premier real estate licensing manual!
Ideal for home study or classroom, for the prospective real estate broker or salesperson, for anyone seeking a solid foundation for building or maintaining a successful career! Book jacket. Your guide to a higher score on the California Real Estate Salesperson Exam Why CliffsTestPrep Guides? Go with the name you know and trust Get the information you need--fast! Known for its accessible approach to real estate law and comprehensive state specific information, this introductory text is a favorite with California Broker candidates. The text explores the latest legal trends, including usng the Internet in practice, consumer protection, and markng liability.
Building on industry fundamentals, this new edition provides the skills a student needs to build a sucessful real estate practice. The text explores issure facing professionals, including advertising, qualifying prospects, loan applications, investment analysis, competitive market analysis, and using the Internet in practice. Skip to content. California Real Estate Practice Download California Real Estate Practice full books in PDF, epub, and Kindle.
Get Book. Skip to content. Real estate business Author : Kathryn Haupt Publisher: Rockwell Publishing ISBN: Category : Real estate business Languages : en Pages : Get Book Book Description. Released on Author : Kathryn Haupt Publisher: Rockwell Publishing ISBN: Category : Real estate business Languages : en Pages : View Book Description. Author : William H. The text explores issure facing professionals, including advertising, qualifying prospects, loan applications, investment analysis, competitive market analysis, and using the Internet in practice. Author : Lowell Anderson Publisher: Dearborn Trade Publishing ISBN: Category : Law Languages : en Pages : View Book Description. Author : William L. Author : Robert L.
Herd Publisher: ISBN: Category : Languages : en Pages : View Book Description. Author : Rockwell Publishing Publisher: ISBN: Category : Languages : en Pages : View Book Description. Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works — or fails to work. CA-RELE is comprehensive in that it contains both key content review and testing practice. Finally, our real estate principles and practices content, as well as our question selection, is further tailored to the state testing outline promulgated by the California Department of Real Estate DRE.
Therefore, the selected legal points and test questions reflect the topic emphasis of your California license exam. The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, you can check your answers against the answer key in the appendix. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your California real estate exam.
So good luck!! Author : California Technical Assistance Associates Publisher: ISBN: Category : Conflict of interests Languages : en Pages : 96 View Book Description. Author : Publisher: ISBN: Category : Consumer protection Languages : en Pages : View Book Description. Author : Publisher: ISBN: Category : Real property Languages : en Pages : View Book Description.
This book and DRE’s Real Estate Law book are useful study tools. In addition, public libraries and bookstores have textbooks on California real estate law, practice, finance, economics and Jun 2, · California Real Estate Practice Book Details Author: Robert L. Herd Pages: pages Publisher: Cengage Learning Language: English Book Synopsis none California Real Estate Law And Practice. Download California Real Estate Law And Practice full books in PDF, epub, and Kindle. Read online free California Real Estate Law And Practice California Real Estate Practice PDF Download Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download California Real Oct 28, · Download PDF California Real Estate Practice: 4th (fourth) edition, by Huber Walter Roy Huber California Real Estate Practice: 4th (fourth) Edition, By Huber Walter Roy + Free California Real Estate Practice Exam Questions (December ) California Real Estate Exam Hello, welcome to our California Real Estate Practice Exam. In California, ... read more
A creditor can consider age, if it's used to determine the meaning of other factors important to creditworthiness. Net life. Your client signs a contract to buy a house and the seller refuses to sell the house at the very last minute. The Districts Representative. All parties have the same odds of winning a suit for specific performance.A naturally occurring gas that forms in rocks, soil, california real estate practice pdf download, and water. A sewer lateral test. Ownership in Severalty. foreclosure occurs through non-judicial proceedings. Functional obsolescence refers to the loss of property value due to an obsolete design feature. When a property owner dies and leaves no proper documented inheritance plan, the property ownership reverts to the government. Mankiw [PDF] Free Download Principles of Marketing Popular Ebook - by Prof C.