Practice Quiz

California Real Estate Exam - Question List

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31. Mr. Smith bought a single-family residence and used an FHA loan to complete the purchase. Later he sold theproperty to Mr. Brown for all cash. The following instrument would NOT appear on the public record with thistransaction:
  1. Grant deed to Smith
  2. Reconveyance to Brown
  3. Reconveyance to Smith
  4. Trust deed to Smith
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32. The only unity required for the existence of a tenancy in common is:
  1. Possession
  2. Time
  3. Title
  4. Interest
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33. When selling under a power of sale in a trust deed, the trustee must wait three months after recording the Notice of Default before:
  1. Taking possession
  2. Foreclosure is final
  3. Transferring title to beneficiary
  4. Publishing notice of sale
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34. The owner of an undivided interest in land with no right of survivorship owns the land as:
  1. A joint tenant
  2. In severalty
  3. Absolute ownership
  4. A tenant-in-common
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35. When the Environmental Review Board or the Department of Real Estate issues a “negative declaration”, it means that the subdivision:
  1. Has not been approved by the Real Estate Commissioner for the issuance of a public report
  2. Public report contains notations of possible adverse environmental impacts
  3. Will have a significant effect upon the environment
  4. Has been approved, from an environmental aspect
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