Which of the following fees are allowed under RESPA:

In purchasing a home, the purchaser generally gives a note secured by a first deed of trust to a lending institution, in addition he may give the seller cash and a note secured by a second deed of trust on the property. A “request for notice” would be filed for the benefit of the:

Personal income taxes are structured using rates that are:

Among the principles involved in the “bundle of rights” is the right to:

An agent places an ad in the newspaper saying that he will give $500 to anyone who sells or buys a property through him. Which of the following is TRUE?

Zoning that allows residential property to exist on land zoned for industrial use is called:

What is the form a lender must give the buyer-borrower when the loan terms have changed prior to the close of escrow?

Mr. Greg employed the mark pool construction company to install a pool at his home. After completion the contractor filed a lien to obtain payment of the contract price. The encumbrance created was a:

Under the “power of sale” clause in a trust deed, the authority to sell is placed with the _____ by the ______:

A mortgage is a:

What can the lender advertise in the newspaper for a loan offering that includes negative amortization?

What is the difference between a deposit and an option?

Who regulates franchises of California?

RESPA would apply to:

How would taxpayer adjust the tax basis of his/her personal residence for federal tax purposes?

If a property owner believes that the assessed value of his or her property has been set too high, the owner could file a request to seek a reduction from the:

Which of the following would not require a down payment?

To subordinate means to:

A broker mentioned the APR in one of his ads but did not include any other financing terms. This ad was:

The California sales tax is a(n):

The seller must decide disclose the prescence of a military base if it is within:

An agreement to sell community real property signed by one spouse is:

Which of the following is always required in joint tenancy ownership of real property?

Which “runs with the land”

The four unities of joint tenancy are:

A person holding title to property in severally would most likely have:

Regarding a promissory note:

The right of recission under Truth-In-Lending would apply to:

A loan that requires a balloon payment at its maturity is called:

Seller Smith sold a home to buyer Jones under contract. Shortly before close of escrow. It was judicially determined that jones was incompetent prior to entering into the contract with Smith. The contract between Smith and Jones is:

The trustor under a trust deed is the party who

A general contractor hired a subcontractor to install the hardwood floors in a home currently under construction. If the subcontractor had to file a mechanics lien in order to get paid, the mechanics lien would date back to the date ___

Land subject to an easement is said to be:

Which of the following would be required to be in writing?

The Williamson Act provides help to owners of farmland and open-space land in the form of:

The redemption period for unpaid real property taxes is:

To obtain an easement by prescriptive one must

A state wants to build a publicly owned convention center to attract private development in its largest city. Can the state use eminent domain to acquire the land?

Valuable adequate good and sufficient in a contract would apply:

A qualified veteran may receive a federal VA loan for:

Under proposition 13, the annual real estate tax on a parcel of property in California is limited to:

Freehold estates include:

Consideration may be:

A property once zoned as commercial is rezoned as residential, this is referred to as:

The government actually lends the money for a:

The seller does not disclose a Mello- Roos tax. After close of escrow the buyer may:

The classical definition of property ownership is ownership of:

Who is responsible for disclosure of a Mello-Roos bond against the property

The seller does not disclose a Mello-Roos tax. After close of escrow the buyer may:

All of the following are true about the “frost line” EXCEPT:

What is it called when one person is substituted for another in a contract?

Total foreclosure time under a trust deed most nearly approaches:

Community property is property owned by:

Ad valorem is best defined as

All of the following are characteristics of VA loans EXCEPT:

Tenants in common have equal right of:

Which of the following forms of ownership consists of an undivided interest with the right of survivorship

Naked legal title is held by the:

FHA was created primarily to provide:

When a real estate broker speaks of “tax shelter” he/she is referring to

All of the following are factors considered when determining whether an item of personal property has become real property EXCEPT:

To hold real property as tenants in common the individuals must:

Based on the white papar on smart community planning in California, which of the following is superseded by form-based planning?

A loan to be completely repaid, principal and interest, by a series of regular equal installments is a:

Hypothecate means to:

A veteran may purchase a home under Cal Vet using a:

The second property tax installment is delinquent if not paid by the close of business day on:

On June 10th, a prospective buyer gave a deposit to a broker and signed the usual form of an offer to purchase property. The deposit form included the statement, “this offer is irrevocable for five days.” On June 11, and before the offer had been accepted by the seller, the buyer contacted the broker and withdrew his offer and demanded the return of his deposit. The broker:

Which of the following is considered a “fee simple estate”

Joint tenency and tenency in common both share the unities of:

What is the purpose of the federal Truth-In-Lending act?

Abigail Blake leased an apartment in a recreation area from July 1, 2022 through August 31, 2022, she holds:

To adjust for any increase in tax liability due to a reassessment after the property was purchased, the tax authority would issue a:

Which is the most common type of easement on residential property?

A prospective buyer gave a personal check to a broker and signed a purchase agreement to buy the property. The broker deposited the check into his trust account. The next day before the offer had been accepted by the seller, the buyer contacted the broker, withdrew his offer and demanded the return of his deposit. What should the broker do?

The technical definition of real property includes

The second property tax installment is due and delinquent on:

The street improvements act of 1911 allows the issuance of bonds to raise funds for subdivision improvements on:

Consideration of tax consequences with respect to real estate should take place:

One party sells property to another and within the contract the legal description is incorrect because of a simple typographical error. This can be corrected through a legal action called:

When a government or business give the right to use its land without any interest in the land it is called

The clause in a mortgage note which permits the lender to declare the unpaid balance due and payable upon default by the borrower is called:

A veteran is eligible to use either the VA program or the DVA program in purchasing his owner occupied house. In which of these programs would the government body retain legal title to the house?

When a note is fully amortized by equal monthly payments of principal and interest, the amount applied to principal:

Under proposition 13, the annual real estate tax on a parcel of property in California is limited to:

Which of the following is correct regarding current rules and requirements of reverse mortgage loan?

A parcel of land known as the servient tenement :

Which of the following is considered personal property

Which of the following describes mutual consent?

Which of the following is considered a “less than freehold estate”

Brown leases a residence from baker on a 3- month written lease. Upon expiration of the written lease, brown retains possession of the property without the consent of baker. Brown now holds a(n):

Broker jones uses ABC escrow for every transaction because of an arrangement with ABC escrow that the company gives broker Jones $100 for every transaction. This arrangement violates:

Who is responsible for disclosure of a Mello-Roos bond against the property?

Why should a buyer seek legal counsel before assuming the sellers first mortgage?

When the FED takes measures to implement a “tight money” market, the net effect usually results in an increase in the:

A purchaser of a home 5 years ago is now interested in securing an FHA loan. A salesperson would most likely introduce the homeowner to:

The nominal rate of interest is the:

To adjust for any increase in tax liability due to a reassessment after the property was purchased, the tax authority would issue a:

Mortgages and deeds of trust differ in every aspect except:

The buyer submits an offer to purchase and dies 4 days later, what happens to the offer?