C. An unincorporated trust that holds a large number of real estate investments 59 out of 100 What is a legally enforceable contract when an agent or owner of property grants exclusive ownership for a period of time in exchange for money? 61 of 100 Which clause describes the nature of the estate transferred and confirms the extent of ownership transferred by the grantor? 18 out of 100 As of October 2015, the two forms that are the most important closing information for most real estate transactions are the credit estimate and 35 out of 100 How many years does a candidate have to be a real estate agent actively involved in the real estate sector to be appointed commissioner? 51 out of 100 Joe has a lease that sets rent and other requirements, but no expiration date or renewal cycle. What type of inheritable building right is this? 95 out of 100 What describes minerals that are considered real estate, such as gold and silver, until they are removed from the earth and become personal property? 87 out of 100 Who decides everything in a real estate transaction? Real estate is filled with legal issues, forms, and contracts. This course covers all the essentials. The discussion focuses on the main laws governing real estate, property rights, title and acquisition, dispute resolution, contract law, stock exchange and purchase agreements, and other contracts commonly used in real estate transactions. This course fulfills the elective requirement to obtain a California real estate license. Course fees include the online course, PDF manual, video tutorials, quiz, final exam and course certificate. 82 out of 100 Who determines the amount of real estate commissions? One. A consortium of real estate professionals B. It ends with the death of the owner of the estate and can be passed on to the original owners or their heirs or to a designated third party. D. The game goes to the surviving spouse and all other property goes to the deceased heirs.
29 out of 100 If a person dies without an heir and no one has the right to receive the property, what power will the state use to claim the property? 47 out of 100 What must all parties use under California law to meet emergency requirements? 69 out of 100 Who is responsible for ensuring that property owners do not use their property in a way that harms the public? 50 out of 100 If a person believes that he or she has been discriminated against, within what time frame must a compliant application be submitted to the HUD? 49 out of 100 In how many days after the work, materials or services are provided notice if a mechanic`s lien is filed? 45 out of 100 All of the following types of privileges are exempt from the Homestead Act EXCEPT D. Laws that are neither prohibited by the Constitution nor violated by the Constitution. C. It ends with the death of the original grantor and is then transferred to third parties. One. It persists throughout the life of the owner and then passes to an heir. 17 out of 100 When creating a flatshare, there are four units. Which of the following is NOT one of the four? 54 out of 100 The standard measure of loss of damage for an overall breach of damage would include the difference between the agreed contract price and the market value of the goods at the time of conclusion of the contract.
79 out of 100 What part of a final disclosure describes the total amount of all payments for the loan, the dollar amount of financing costs over the life of the loan, the amount financed, the APR and the TIP? 30 out of 100 What fiduciary duty does an agent have to put the client`s interests above those of all others, including his own? 94 out of 100 What term describes the misappropriation and misuse of a client`s funds by a licensee? 52 out of 100 United States The third party has the power to make a binding decision. 23 of 100 Who is generally responsible for ensuring that the closing disclosure is delivered to the buyer no later than three business days prior to completion? 10 out of 100 The Collection of Roman Law contributed to the model for what type of law? 91 of 100 What is a second step in civil proceedings in district court? 36 out of 100 What term describes the sudden decline of land due to flowing water or waves, often caused by hurricanes and other storms? 86 out of 100 How much is the property exemption for a fully disabled veteran who earns more than $40,000 a year and lives in California? D. A consortium of a few investors with significant investment capital 60 out of 100 What is a real estate investment trust (REIT)? B. Modernization of commercial law. 74 out of 100 arbitration procedures are ADR procedures in which B. Half of the property goes to the surviving spouse and the other half to the heirs of the deceased. 73 out of 100 What should a trustee never do? 1 in 100 What exactly locates and identifies the boundaries of a subject to an extent acceptable to the courts of the state in which the property is located? D. It takes a lifetime for a third person, after which the property passes from the tenant to the original settlor.
