Practice Quiz

California Real Estate Exam - Question List

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26. A subdivider is occasionally given a preliminary public report by the Commissioner. Which of the following invalidate that preliminary report?
  1. A material change in the ownership of the subdivision
  2. A material change in the size of the lots
  3. The expiration of the preliminary report, or the issuance of the final public report
  4. All of the above
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27. If five people own property as joint tenants:
  1. They need not own equal interest in the property
  2. There is still only one title to the whole property
  3. And one of the owners dies, his heirs become tenants in common with the surviving co-owners
  4. Each co-owner has a separate legal title to his undivided interest
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28. In California the most common form of ownership in a Real Estate Syndicate is:
  1. Corporation
  2. Real Estate Investment trust
  3. Limited partnership
  4. Joint venture
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29. A broker’s trust fund records must show the trust fund balance on a _______ basis.
  1. Daily
  2. Weekly (each Friday)
  3. Monthly (first of Month)
  4. Quarterly (first of Quarter)
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30.

An attachment is classified as:

  1. A judgment
  2. A lien
  3. An encroachment
  4. An appurtenance
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