1Month-Online Guides to pass your CA Real and similar items

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WE HELP COUNTLESS CUSTOMERS PASS THE REAL ESTATE STATE EXAM. All these Guides and Answers are to help pass your Sales Associate ( Pre-License ) Course Exam and your State Real Estate Sales Associate Exam for the state of California. Are you ready to pass the Sales Associate (Pre-License) Principles Course Exam? We know how frustrating memorizing all the information to pass the exam can be. We have helped countless people pass the exam with our question and answer pages. SAVING YOU DAYS, WEEKS AND MONTHS OF STUDYING! examples: California Principles questions (ALL PRINCIPLE QUESTIONS) (correct answers will be revealed with correct subscription) ------------- Tip: to find a certain word or key term, press at the same time, the buttons: ( Ctrl and F ) on Windows computers (Command and F ) on Mac computer to bring up the in-page search box Principles Ch1 questions 1 of 10 Is it permissible to advertise real estate associated services or products in California without a California real estate license? A. No. All real estate related services or products must only be advertised by a licensed California real estate salesperson. B. Yes, the Internet is a free commerce site. Any person may advertise whatever services or products they choose, as long as they are legal. C. Yes, as long as the products or services do not include any actions for which a California real estate license is required. D. None of the above. 2 of 10 California licensing laws define which of the following: A. Real Estate Brokerage B. Handling Trust Funds C. Managing Escrow Accounts D. All of the Above 3 of 10 As an examinee, or a new licensee, where is the best, most accurate source for current California Department of Real Estate information? A. Your Educator B. Your Broker C. The DRE website D. All of the Above 4 of 10 Gerard, a Nevada real estate licensee, has been advertising his services online to California citizens. He sells resort property outside Las Vegas and believes the California market could be very lucrative. Is it permissible for Gerard to advertise in this manner? Why or why not? A. It is not permissible for Gerard to solicit California residents. He must hold a California real estate license in addition to his Nevada license. B. It is not permissible for Gerard to solicit California residents. State-to-state real estate transactions must be approved by the DRE. C. Yes, it is permissible for Gerard to advertise his services to California residents. He is only advertising his services, not offering any advice. Therefore a California license is not needed. D. None of the above 5 of 10 Penny, a California licensee, has been advertising on the Internet. She specializes in the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done? A. Penny should not be soliciting her services to the residents of California. B. Penny failed to indicate in the advertisement her license status. C. The services she advertises do not include any actions for which a license is required. D. None of the above. 6 of 10 Which regulation or section(s) apply to the use of the Internet for advertising in California? A. Commission's Regulation 2770 B. Commission’s Regulation 007 C. Business and Professions Code, Sections 10235.5 and 10140.6 D. Both A and B 7 of 10 An examinee or licensee may perform what transactions on the DRE website? A. Check test results. B. Renew salesperson and broker license. C. Obtain the current testing schedule. D. All of the above. 8 of 10 Which of the following will not be covered in this course? A. How to advertise on the Internet in other states B. The mortgage market in California C. Environmental issues and regulations in California D. Voluntary and involuntary alienation 9 of 10 Upon completion of this course, you should understand: A. The facts regarding disclosure of commissions earned to all parties in a transaction. B. Real estate taxes and special assessments. C. Encumbrances, liens, easements and encroachments. D. All of the above. 10 of 10 Which portion of the California Business and Professions Code consists of the Subdivided Lands Law? A. Part 1, Sections 10000 to 10580 of the Business and Professions Code B. Part 2, Sections 11000 to 11200 of the Business and Professions Code C. California Civil Code, Section 2985 of the Business and Professions Code D. None of the Above Principles Ch2 quiz (correct answers will be revealed with correct subscription) 1 of 10 Sam, a broker, thought the postage meter stamp was sufficient evidence of a U.S. Postal Service postmark. He was wrong and his broker's license expired. What happened next? A. Sam's broker's license expired; so he had to cease all of his licensed activities. However, his salespersons still possess active licenses and may continue with business while Sam is temporarily unlicensed. B. Sam must immediately stop his licensed activity and his salespersons all lose their licenses as well. All must re-take the state license examination to re-activate their licenses. C. Sam must immediately stop his licensed activity. His salespersons are all placed immediately in non-working status, and his branch office licenses are cancelled. He must then take all necessary steps to re-activate his license, his salespersons' licenses and the branch office licenses. D. Sam must stop his licensed activity until he re-activates his license. The only salespersons affected are those with conditional salesperson licenses. They may not re-activate their status and must complete the required courses to obtain a four-year salesperson license. 2 of 10 Sam has successfully completed the Real Estate Principles course, the Real Estate Practices course, an additional college level course, and passed the salesperson licensing examination. Which license is available to Sam? A. The Four-Year Salesperson License B. An Original Salesperson License C. A Restricted Salesperson License D. A Conditional Salesperson License 3 of 10 Hannah is a newly licensed California real estate salesperson. She has aspirations of one day being the California Real Estate Commissioner. How does she get there and what does she do once she's there? A. Hannah must become an attorney as well as a licensed real estate agent. She would need to have the appointment of the Governor of California. Her primary duty would be the qualification of applicants and issuance of real estate licenses. B. Hannah would have to be appointed by the California Real Estate Commission. Her primary duty as Commissioner would be regulation of the sale of subdivision interests. C. Hannah would need to be elected the California Real Estate Commissioner in a state-wide election. Her primary responsibilities as Commissioner would be to enforce the Real Estate Law and Subdivided Lands Law. D. Hannah would need the appointment of the Governor of California. Her primary duty as Commissioner would be to enforce the laws in a manner in which maximum protection for real estate consumers is achieved. 4 of 10 Susan is thinking of putting her home up for sale but doesn't want to use a real estate agent. What are her options? A. Susan must obtain her real estate license or use a licensed real estate agent to sell her property. She cannot be compensated for the sale of her property unless she is representing another person. B. Susan may sell her property herself without obtaining a real estate license. Although she will be compensated for the sale of her home, she is not representing another person. C. Susan will be negotiating the purchase price of her home and must be licensed to do so. D. Both A and C 5 of 10 Katrina had her license suspended for making false promises to clients. She had a habit of telling clients what they wanted to hear and never being able to state the facts. Of course, she could never follow through with her statements and several complaints were filed. Which guidelines constitute most suspensions? A. Sections 10176 and 10177 of the Business and Professions Code. B. Sections 10176 and 10177 of the Regulations of the Commissioner. C. Section 11350.6 of the Welfare and Institutions Code. D. Section 17910 of the California Code. 6 of 10 Bill the broker received a very high offer on a piece of property from a buyer. Bill makes a low offer through a "dummy" purchaser, or an accomplice who is not a buyer at all. Bill then sells the property to the buyer for the higher price, with the difference being profit. What's the violation? A. Commingling B. Secret Profit C. False Promise D. Dishonest Dealing 7 of 10 Jan failed to renew her license prior to its expiration. In order to renew her license now Jan must: A. Submit a proper application within 2 years of her license expiration. B. Providing evidence of the completion of current required continuing education. C. Pay the appropriate late renewal fee. D. All of the above. 8 of 10 Miranda helps her friend Lupe purchase a home. She researches the neighborhood, assists her with a mortgage -- she essentially acts as Lupe's real estate agent. There is only one issue, Miranda does not have a California license and Lupe has paid Miranda for her help. Is this acceptable? A. Yes, it is acceptable. Miranda is a lender who makes federally-insured or guaranteed loans. She has helped Lupe with her knowledge and experience and Lupe has compensated her time. B. Miranda is simply helping her busy friend make good choices. She just wanted to put her knowledge of the real estate industry to work. Although she has never passed the licensing examination, she knows everything an agent does. C. It is certainly not acceptable. Miranda is accepting compensation for representing another person in a real estate transaction and she does not hold a California real estate license. D. Miranda is in the process of studying for her license. She will be taking the examination before Lupe's real estate purchase closes. Miranda WILL be a licensed real estate agent at the close of escrow; so, yes, it is acceptable. 9 of 10 The main purpose of the California Department of Real Estate (DRE): A. To protect the public. B. To ensure the qualification of applicants and issuance of real estate licenses. C. The regulation of the sale or lease of subdivision interests. D. To advise the California Real Estate Commissioner on real estate matters that are important to the real estate industry and the public. 10 of 10 The law judge has just issued a decision based upon the findings in a formal hearing of a real estate salesperson for various ethical violations. What could the California Real Estate Commissioner do at this point in the proceeding? A. Reject the proposed decision B. Accept the proposed decision C. Reduce the proposed penalty and make an official decision. D. All of the above Principles Ch3 quiz (correct answers will be revealed with correct subscription) -------- 1 of 10 Lydia has decided to actually spend a considerable amount of time STUDYING for the exam this time, in hope of earning a passing score. Her application has expired in the two years of fruitless reexaminations. What does she need to do to reapply? A. File the Examination Result Notification (RE 418), along with the appropriate fee. B. File an Examination Change Application (RE 415), along with the appropriate fee. C. Submit the Salesperson Examination Schedule Notice (RE 401A), along with the appropriate fee. D. File the Salesperson Examination Application (RE400A) along with the appropriate fee. 2 of 10 Lydia applied for the salesperson examination in January 2014. She sat for the exam three times in 2014 and four times in 2015. Each time, Lydia did not receive a passing score. How many times may Lydia sit through the examination in 2016? A. Lydia may re-take the exam as many times as it takes to earn a passing score in 2016. B. Lydia may re-take the exam a maximum of three times in 2016. The total number of times she has taken the exam will then equal ten, the maximum allowed in a three-year period. C. Lydia may re-take the examination as many times as it takes to earn a passing score, but her application will expire in January and she must reapply first. D. Lydia may possibly want to reconsider her dream of becoming a California real estate agent. 3 of 10 Sara waited and waited and waited for what she thought was a lifetime. Finally, Thursday morning the results of her California real estate examination arrived. What was the maximum length of "the lifetime" Sara waited and could she have gotten her results by another method? A. Sara's lifetime wasn't too long. The results are normally mailed out in five days. She could have also received her results online through the eLicensing system and through the Interactive Voice Response system. B. Sara was exaggerating her lifetime. The results are guaranteed to be in her hands in five days. She could have also received her results online through the eLicensing system and the Interactive Voice Response system. C. Instead of waiting the five-plus days for the mailed results, Sara could have called the DRE, Sacramento Office, and received her results over the telephone. She could have also used the eLicensing system online to view her score. D. Instead of waiting a "lifetime," Sara could have hastened the process using the online eLicensing and the Interactive Voice Response telephone system. This would have cut down on the usual wait time of thirty days. 4 of 10 Marta and Sean acquire notes from a previous California State Licensing Exam through a friend. This friend had previously taken the exam and managed to record the questions on his scratch piece of paper. Marta and Sean score passing grades on their exams, but are denied licenses. Why would they be denied a license? A. Marta and Sean were guilty of subversion by using improperly obtained test questions to prepare for the examination. This is considered a dishonest practice. B. Marta and Sean had an unfair advantage over the other applicants taking the examination. It was basically old fashioned cheating, and was not tolerated. C. Marta and Sean were denied licenses due to their inability to completely and correctly fill out their examination applications. D. Both A and B 5 of 10 Lydia feared she did not pass the California State Licensing Exam AGAIN. As she nervously opened the envelope that held the results, what was the first clue to the outcome of her reexamination? A. She received an actual score and nothing else, which meant, once again, she hadn't earned a passing score. B. She did NOT receive an actual score this time in the mail. This means she finally passed the licensing exam, and her license application is included in the envelope. C. She received a card that gave congratulations and telephone number with code to order her license. D. Lydia passed. She received an application for her license along with the results of her examination. 6 of 10 Mikela wants to research and study the requirements for the California Real Estate Examination Test. Where can she find the exam's purpose and requirements? A. California Business and Professions Code Section 10153 B. California Business and Professions Code Section 16600 C. Civil Code Section 1798.24 D. California Civil Code Section 1798.40 7 of 10 Marc needs to score 12 points higher on the California State Licensing exam this time to earn a passing score. What was his initial exam score? A. Marc's initial score was 68% based on the required passing score of 80%. B. Marc's initial score was 63% based on a required passing score of 75%. C. Marc's initial exam score was 58% based on the required passing score of 70%. D. Marc's initial exam score was 53% based on the required passing score of 65%. 8 of 10 John completes the Salesperson Examination Application and submits it to the California Department of Real Estate. Driving home from work, he realizes he used his old address and not his new one on the application. What should he do? A. Contact the DRE and tell the story of how he used the incorrect address and request his application sent back in order to make the change. B. Once a completed Salesperson Examination Application is submitted to the DRE, no changes of any kind may be made to the application. C. John may fill out the portion of the Salesperson Examination Application that needs changing and send it to the DRE. He must also submit in writing the situation and the reason for the alteration of the original application. D. John can submit an Error Correction form by email. 9 of 10 Miguel sits down, ready and prepared to take the examination. He neatly places his slide rule, programmable calculator, single piece of scratch paper, answer sheet, pencil and pocket-size electronic calculator on the desk and he is ready to begin. Although extremely prepared, which item of Miguel's is NOT permitted in the testing site? A. The slide rule B. The programmable calculator C. The single piece of scratch paper D. The pocket-size, electronic calculator 10 of 10 Raj is stressed. He is getting ready to take the salesperson examination and doesn't know where to begin studying. Help Raj by telling him the examination topic(s) with the largest concentration of questions. A. Contracts B. Laws of Agency C. Practice of Real Estate and Mandated Disclosures D. Transfer of Property Principles Ch4 quiz (correct answers will be revealed with correct subscription) ------------- 1 of 10 Miguel and Maria have found a wonderful condo to lease. They call the owner and express their interest. The owner tells the couple it is no longer available for lease. Two weeks later, Maria sees the "FOR LEASE" sign outside the condo. Which act or law has been violated by the owner? A. The Civil Rights Act of 1866 B. Executive Order 11063 C. The Clayton Antitrust Act D. The American Housing Act of 1949 2 of 10 Martha and Liz have applied for a mortgage. They both have excellent credit and very successful careers and they are perfect on paper. Martha and Liz are partners and are expecting the birth of their first child together. They are denied a loan. What's the violation here? A. Martha and Liz have been denied full protection under the Equal Opportunity in Housing Act. B. Martha and Liz have been denied the full protection of the Equal Credit Opportunity Act (ECOA). The ECOA is a part of the Fair Financing Laws. C. Martha and Liz have been denied the full protection of the Fair Housing Act of 1968; an integral part of the Fair Financing Laws. D. None of the above 3 of 10 Jane has filed her complaint of discrimination. She also wants to seek some sort of punitive damages. What are her options, if any? A. Jane has one year from the date of the violation to bring suit. She may seek actual damages and a court order to allow her to buy or lease the original property she was denied. B. Jane has three years from the date of the violation. She may seek a restraining order, actual damages, and punitive damages of up to $10,000. C. Jane may only file a complaint. The law does not allow any litigation in fair housing matters due to the extremely difficult nature of the cases D. Jane may file suit within two years of the violation. She may seek a restraining order, actual damages, and punitive damages of up to $1,000. 4 of 10 While waiting in the lobby of the Fair Real Estate Company's office, Samir and Rhadika overhear an agent tell clients, "You wouldn't be happy in THAT neighborhood. It's very "colorful," if you know what I mean." Which ruling by the Supreme Court dealt with this issue? A. The prohibition of discrimination based on race and color was created by the 1968 Fair Housing Act. B. Fair housing laws apply to home sellers as well as to agents. If an agent goes along with a client's discriminatory act, the agent is equally liable for the violation, Mayer v. Johnson. C. All discrimination and appearances of discrimination in selling or renting residential property based on race and color is prohibited under the provisions of the Civil Rights Act of 1866, Jones v. Mayer. D. All brokers must prominently display a HUD standard Fair Housing poster affirming the broker's compliance with fair housing laws in selling, renting, advertising, and financing residential properties, Jones v. Smith. 5 of 10 John is still studying for his California real estate license. Once again, he is having a difficult time keeping areas straight. Help John with the largest area of the NAR Code of Ethics Standards and Practices. A. Article 16 - Ethics and Agency Relationships B. Article 12 - Truth in Advertising C. Article 9 - Disclosure D. Article 1 -Protecting the Best Interest of the Client 6 of 10 Jane feels she has been discriminated against in her search for a new home. She's a single mother of two who works full time. Where does she go with a complaint? A. The Office of Fair Housing and Equal Opportunity (OFHEO) B. Her real estate agent and HUD C. Her real estate agent, HUD and MLS D. The Attorney General's Office 7 of 10 Agent Smith tells the Jacob family the Fernwood neighborhood is beautiful, attractive, and highly desirable. The next day, Agent Smith tells the Miller family that Fernwood is deteriorating, values are falling, and the school district is less than stellar. Name the form of illegal discrimination. A. Discriminatory misrepresentation B. Steering C. It is not a form of illegal discrimination. D. Blockbusting 8 of 10 John is trying to keep things straight while he studies. He's having a rough time distinguishing federal and state legislation. Help John with the primary focus of federal legislation. A. Anti-discrimination laws and fair trade practices B. Agency and disclosure requirements C. Anti-discrimination and disclosure requirements D. Fair trade practices and agency disclosures 9 of 10 John is studying for his California real estate license. He is studying federal law, state law, and local law. Now, he is trying to get a handle on something called "Professional Code." What source has no input on the topic John is currently studying? A. Federal and state legislation B. Industry self-regulation through trade associations and institutes C. The Better Business Bureau D. State real estate licensing regulation 10 of 10 The Ritchie family has put their home on the market. The Sampsons make an offer on the Ritchies' home. Suddenly, the Ritchies decide not to sell their home. They explain to Sara, their agent, that the Sampsons "aren't quite right" for the neighborhood. What should Sara do? A. The Ritchies are her clients. Sara must honor their wishes and remove the home from the market. B. Sara must explain to the Richies that she cannot ethically remove a property from the market, after an offer has been made, to sidestep a purchase by a party. C. Sara must withdraw herself from the relationship with the Ritchies or from any situation where client discrimination occurs. D. Both B and C Principles Ch5 quiz (correct answers will be revealed with correct subscription) -------- 1 of 10 Which of the following is not a water right? A. Riparian Right B. Doctrine of Prior Appropriation C. Littoral Right D. Alluvial Right 2 of 10 Melinda's mother recently passed away. She is thinking of selling her belongings in an estate sale. During her research, she came across real and personal property regulations and laws. Please help Melinda understand the legal difference(s) between real and personal property. A. For the most part, the rules of the situs state govern the transfer of personal property from seller to buyer. B. Tax laws often distinguish between real and personal property. C. An agreement for a sale of real property must be in writing and signed by the party to be charged. If the amount or value is $500 or more, an agreement for the sale of personal property must be in writing. D. Both B and C 3 of 10 Gary and Paul have wooden shutters installed throughout their home. A few years later, Paul is promoted by his employer and transferred to another city. Gary wants to take the wooden shutters to their new home. Paul insists they must remain with the home. Which of the five tests for real and personal property applies? A. Method of Attachment B. Adaptability C. Intent D. All of the above. 4 of 10 The Percy family have purchased a heavily wooded property in Northern California. They are planning to build a guest house off the main house for entertaining. In the process, many trees will need to be cleared. The family is planning to sell the wood to the neighbors as firewood. Which process applies? A. Annexation B. Severance C. Appurtenance D. Livery of Seisin 5 of 10 John lives in an apartment and each month pays his rental payments. He is also considered a stockholder in his building and owns property. In what type of apartment does John live? A. Condominium B. Timeshare C. Cooperative D. Common Element 6 of 10 To take private property through eminent domain, three steps must be taken by the state or local government. What are they? A. The property owner must be paid compensation for the property. The property must be zoned for business use or public use. The owner must have due process in the court system. B. The property owner must agree to voluntarily transfer the property. The property must be for public good or use. The owner must have due process in the court system. C. The property owner must be paid compensation for the property. The property must be for public good or use. The owner must have due process in the court system. D. The property owner must be paid compensation for the property. The property must be for public good or use. The process of condemnation must be executed to ensure taking of the property. 7 of 10 Which of the following is not considered one of the five economic characteristics of land? A. The more demand for a particular property, the more valuable the property. The more demand there is for a particular property, the more valuable it is to consumers looking for real estate. B. Each parcel of land has its own nonhomogeneous characteristics. No two properties are the same. C. One property will sell quickly if only a few properties in a particular area are on the market. D. The three most important economic characteristics of real estate are location, location, and location. 8 of 10 Jeremy opened a coffeehouse in a space leased from Maria and Renaldo. A week before his lease expired, Jeremy moved to a new location without his commercial microwave which was attached to the counter. Eighteen days following notice of Jeremy’s right to reclaim the microwave, Maria and Renaldo sold the microwave at auction. Jeremy is furious and threatening legal action. Does he have a suit? A. No, Jeremy does not have a case. Since the microwave was not reclaimed during the period allowed by law. B. Yes, Jeremy does have a possible suit. The trade fixture, the installed microwave, is considered personal property and was merely forgotten and not legally Maria and Renaldo's to sell. C. No, Jeremy does not have a possible suit. If he left it in the property, it automatically becomes property of the owners. D. Both A and C 9 of 10 Jonathan decides to sell his home and transfer all of his property ownership rights to the new buyer. This bundling and selling of rights is known as: A. Livery of Seisin B. Transfer of Appurtenances C. Nonhomogeneous Situs D. Transfer of Chattels 10 of 10 A violent storm comes in from the ocean, hitting the beachfront properties with destructive force. When the Meyers return to their home, they find the beach has disappeared from their property. Which term describes the damage? A. Reliction B. Avulsion C. Erosion D. Alluvion Principles Ch6 quiz (correct answers will be revealed with correct subscription) ------ 1 of 10 All property in the United States falls under which system of land ownership? A. Feudal System B. Allodial System C. Freehold System D. Dower System 2 of 10 TBH, Inc. owns land for development adjacent to their corporate headquarters. TBH, Inc. is the sole owner of the property. The land will be developed as a shopping and restaurant area. Which form of ownership does this property fall under? A. Severalty B. Unity of Possession C. Joint Tenancy D. All of the above 3 of 10 Penelope is interested in buying a 150-year-old historical home in San Francisco. If Penelope decides to purchase the home, it must be on the condition the original architectural features are never removed from the home. Additionally, if Penelope buys the home and then sells it at some point, the same condition must be in the sales contract, and so on. What type of freehold estate is this historic home? A. Fee Simple Defeasible B. Estate in Reversion C. Fee Simple Absolute D. Curtesy Estate 4 of 10 Which of the following is not considered one of the six distinct forms of ownership in California? A. Tenancy in Common B. Severalty C. Joint Tenancy D. Voluntary Tenancy 5 of 10 HEH, Inc. owns a large parcel of land which will be used for commercial development. Upon the sale of the property to HEH, Inc., the grantor in a written agreement established the lake may never be touched and the property may only be used for commercial purposes. Which type of private deed restriction is in place for HEH, Inc.'s property? A. Affirmative B. Covenant C. Public D. Building 6 of 10 The Moltasanto family has owned a vineyard in Sonoma for over one hundred years. They have owned all rights to the property since the first day of ownership. The property is always inherited by the oldest child after the death of the previous owner. Which type of estate is the Moltasanto family vineyard? A. Fee Simple Defeasible B. Fee Simple Absolute C. Estate in Reversion D. A Leasehold Estate 7 of 10 Suzette is leasing a condo from the Garcias. She has been renting the condo for over three years. She renews the lease each year and, because of her loyalty and exemplarily rental history, the Garcia's allow her to make any décor changes she wishes. Which of the following statements is true about the relationship between the Garcias and Suzette? A. The Garcias own the condo in leasehold but rent it to Suzette in freehold. B. The Garcias have entered into a Pur Autre Vie lease relationship with Suzette. C. The Garcias own the condo in freehold but rent it to Suzette in leasehold. D. The Garcias and Suzette have a tenants in common relationship. 8 of 10 Patrice and Michael are in the process of refinancing their townhouse. The mortgage company calls and gives the couple the news they have a lien on their home for non-payment of the previous year's property taxes. What type of lien is on their property? What do they need to do to remedy their situation? A. Patrice and Michael have an involuntary lien placed on their home for delinquent property taxes. The couple needs to pay the taxes, any interest and/or late fees, and have the lien removed. B. Patrice and Michael have a voluntary lien placed on their home for delinquent property taxes. The couple must pay the back taxes to have the lien removed C. Patrice and Michael have an equitable lien placed on their home for delinquent property taxes. The couple must pay the back taxes to have the lien removed. D. Patrice and Michael have a judgment lien placed on their home for delinquent property taxes. The couple must pay the back taxes and petition the court to have the lien removed. 9 of 10 Ted and Jack are selling their home to Duncan and Gary. Upon the title search, the title company discovers Ted and Jack's home is free of any liens or problems and can be easily sold. Ted and Jack's property holds which type of title? A. Certificate of Title B. Abstract C. Marketable Title D. Chain of Title 10 of 10 Christine and Scott have been married for fifteen years. They have three children, a home, and a vacation home. The couple purchased their home together after their marriage, but Scott owned the vacation property prior to the union. Christine and Scott are now getting divorced. Christine wants half of their residence and half of the ownership of the vacation property. At times they have rented the vacation home and the proceeds have gone to their joint bank account. Does Christine have any legal right to the ownership of the vacation home? A. Yes, due to the commingling of the funds gained from rental proceeds, Christine will be allowed shared ownership of the vacation property. B. Yes, although Scott came to the marriage with the vacation property, all property owned by each partner in a marriage is thus shared by the spouse. C. No, Scott came to the marriage with the vacation property, therefore it may remain a separate property. However, due to the commingling of the rental proceeds from the property in the joint account, she does have a right to half the proceeds. D. Both A and B Principles Ch7 quiz (correct answers will be revealed with correct subscription) ------ 1 of 10 Sania and her mother own property on a river. The water has carried part of their bank downstream to another property. They want their bank back and are prepared to have it returned. Which method of property transfer applies? A. By Accession and through Accretion B. By Accession and through Avulsion (It must be reclaimed within one year of the occurrence.) C. By Accession and through Avulsion (It must be reclaimed within two years of the occurrence.) D. By Succession and through Avulsion 2 of 10 The Ahmed family have signed a contract to buy the Miller family's home. However, the contract states the Ahmeds must first close on the sale of their current home within thirty days. If this closing does not occur, the contract is no longer binding for either party. Which contract term applies? A. Novation B. Option C. Contingency D. Assignment 3 of 10 Which of the following is not a method of involuntary alienation? A. Tacking On B. Escheat C. Adverse Possession D. Eminent Domain 4 of 10 Ginny, a licensee, uses a preprinted contract in Tim's purchase of a new loft apartment. There is a discrepancy in the contract between a preprinted clause and a handwritten addition. Which clause supersedes? A. The preprinted clause always supersedes a handwritten clause. B. The handwritten clause generally supersedes the preprinted clause. C. The handwritten clause always supersedes a preprinted clause. D. The grantor and grantee must resolve the contractual issues or the contract will be void. 5 of 10 Jack is buying the Padillas' home. He makes his offer and in his terms states he wants all the window treatments, refrigerator, and microwave to be part of the sale. The Padillas accept his offer on the condition that the refrigerator is the only item that stays in the home. Which contract term applies? A. Implied Agreement B. Novation C. Counteroffer D. Option 6 of 10 Victoria, the lessee is negotiating to lease a condo from Sanchez, the lessor. They have agreed on the monthly lease payment, term of lease, security deposit, and so forth. Victoria plans to start moving in on the first day of next month. Which of the following applies to this situation? A. Offer B. Contract C. Title D. Executed 7 of 10 Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What happens to the property? A. The property escheats back to the state. B. The property will be intestate and distributed by the state to the heirs. C. The property will be transferred according to the Statute of Descent and Distribution. D. Both A and C 8 of 10 Which of the following is not a requirement of a will? A. Legal age B. Proper wording C. Witnesses D. Written in testator's handwriting 9 of 10 Which of the following elements is not necessary for a valid contract? A. Offer and Acceptance B. Accession C. Legality of Object D. Consideration 10 of 10 Victoria decides not to lease the condo from Sanchez. (They have an oral agreement.) She tells him she has changed her mind the day before she had agreed to move in. He has spent time and money getting the property ready for Victoria and is thinking of suing. Which type of contract applies to the situation? A. Valid B. Unenforceable C. Voidable D. Void Principles Ch8 quiz (correct answers will be revealed with correct subscription) ------ 1 of 10 Melinda is selling her home to Trevion. The deed, conveying the property, will be a general warranty deed. Who is the Grantor? Who is the Grantee in the transaction? A. Trevion is the Grantor. Melinda is the Grantee. B. Melinda is the Grantor. Trevion is the Grantee. C. Melinda is the Grantor. The home is the Grantee. D. Trevion is the Grantee. The home is the Grantor. 2 of 10 Which of the following deeds are not really deeds at all? A. Trustee's Deed B. Land Patent C. Trust Deed D. Both A and B 3 of 10 Chandra and Fabian have heard that it is unnecessary to record a deed. Is this accurate? A. No, it is necessary and required to record a deed. The deed will not be valid unless it is signed, recorded, and notarized by a notary public. B. Yes, it is not necessary for a deed to be recorded. It is still valid and presumed to have been delivered without such recording. C. Yes, it is not necessary for a deed to be recorded. However, recording is advisable to protect the ownership interests of the grantee, establish priority, provide a record, and convey the transfer of title. D. No, it is necessary and required to record a deed. If it is not recorded, the first to record the deed is considered the first in right to the property. 4 of 10 Which of the following statements in reference to a deed is untrue? A. The deed transfers ownership only one time. B. In a deed, alienation is another term for transfer or convey. C. A deed must be recorded in order to be valid. (description exceeds maximum possible length)