100% Verified Salesperson Exam PDF

## 100% VERIFIED SALESPERSON EXAM 1 1. A continuous urban corridor joining at least two cities is: - A. megalopolis - B. the bundle of rights - C. riparian rights 2. The term real property is also known as: - B. the bundle of rights 3. The rights of a landowner to a river bordering...

## 100% VERIFIED SALESPERSON EXAM 1 1. A continuous urban corridor joining at least two cities is: - A. megalopolis - B. the bundle of rights - C. riparian rights 2. The term real property is also known as: - B. the bundle of rights 3. The rights of a landowner to a river bordering their property are: - C. riparian rights 4. A fixture in a real estate transfer is normally: - A. assumed to be included in the transfer - B. substantial damage - C. removal doesn't cause substantial damage - D. removal doesn't cause 5. A tenant may take jewelry cases if: - D. removal doesn't cause substantial damage 6. A legal description of property must: - D. none of the above 7. The lot and block system is also known as: - C. rectangular survey system 8. A section of land contains: - D. 640 acres 9. The type of ownership providing the most complete bundle of rights is: - B. fee 10. The interests of a holder of a life estate are: - C. possession, use, and ownership 11. The requirement for multiple owners to take title at the same time is characteristic of: - B. joint tenancy - A. joint tenancy and community property with right of survivorship - C. simple absolute - D. syndicate 12. The most similar types of inheriting property are: - B. joint tenancy 13. A group of people joining together to invest in real estate is a: - D. syndicate 14. Landowner is entitled to compensation for zoning changes: - A. when denied all practical economic use - B. general plan - C. the fifth lot - D. variance 15. A statement of goals for community growth is: - B. general plan 16. A landowner seeking relief for physical difficulty in developing property should seek: - D. variance 17. The Subdivided Lands Law takes effect at: - C. the fifth lot 18. The primary difference between a common interest subdivision and a standard subdivision is: - B. ownership of common areas 19. The state has special control for development in: - D. all of the above 20. All liens are encumbrances. All encumbrances are: - B. limitations 21. A mechanic's lien creates: - A. a cloud on title 22. The land benefiting from an easement is the: - B. dominant tenement 23. A deed restriction prohibiting the sale of property to certain ethnic groups is: - D. illegal and unenforceable 24. A private deed restriction placing a restraint on alienation is: - D. all of the above 25. The process by which eminent domain occurs is called - D. condemnation. 26. Which of the following types of easement does not run with the land? - A. the electric company's easement to cross over your land with their power lines - B. a utility easement - C. a right-of-way easement - D. an appurtenant easement 27. An easement is an encumbrance - D. always. 28. An agent represents a - D. principal. 29. What is another term for an agent entrusted to act on someone's behalf? - C. fiduciary 30. The seller of a one-family house is required to disclose to buyers - B. the structural and mechanical condition of the property. 31. The agent who brings a ready, willing, and able buyer to a seller is commonly called the - C. procuring cause. 32. Broker A has a listing agreement to sell Seller B's house.....Seller B rejects the offer and a week later attempts to negotiate directly with Buyer C. Seller B has violated - A. the duty of care. 33. Seller A has signed a listing agreement with Broker B. Without the assistance of Broker B, Seller A sells her property. What type of listing agreement did Seller A sign? - D. an exclusive agency listing 34. Broker A agrees to represent Seller B in selling her house, with Seller B paying a commission if successful. What type of contract exists? - D. A bilateral express contract exists between Broker A and Seller B. 35. Seller A wants $200,000 after expenses. Broker B keeps anything above that. What type of agreement is this? - A. a net listing 36. A cooperating broker may represent - D. any of the above. 37. Who of the following owes fiduciary responsibility to the buyer? - B. the buyer's agent 38. A real estate salesperson is always considered an - A. employee 39. Which of the following is not a type of listing agreement? - B. multiple listing 40. A broker hired to sell a house is considered a - C. special agent. ## 100% VERIFIED SALESPERSON EXAM 2 1. What is the charging of interest on a note above the statutory maximum rate called? - D. Usury 2. The two primary documents dealing with payment of a loan are the mortgage or deed of trust and a: - A. Promissory note 3. Owner A sells property to Buyer B and needs access to the county road. What must happen? - D. Owner A must reserve an easement appurtenant for himself. 4. The most serious consequence of a covenant versus a condition in a deed is: - C. Violation of a condition could result in forfeiture of the land. 5 How can a deed restriction preventing aluminum siding be changed? - B. All homeowners should sign a voluntary agreement. 6. What is the study of population characteristics called? - A. Demography 7. Real property includes: - C. The land, structures, and fixtures. 8. What term describes a property where title reverts to the seller if alcoholic beverages are manufactured? - A. Fee simple condition subsequent 9. What interest do Owner A's children have when he leaves them his house subject to a life estate for his sister? - B. Remainder interest 10. Several people concurrently own a piece of property. They may not own it as: - A. Tenants in severalty 11. In a trust, who holds title to the property - D. Title is held by the trustee on behalf of the beneficiary. 12. How long does the homeowner have to reinvest protected equity for the homestead exclusion? - B. Six months 13. What is the most common type of voluntary lien? - D. Mortgage lien 14. Owner A sells a landlocked piece of property to Owner B. How can Owner B gain access to the road? - C. Easement by necessity 15. Owner A sells the northwest quarter of a section of land. How much land is he selling? - B. 160 acres 16. When does lumber delivered to a house become a fixture? - C. When the deck is complete 17. Which unity is common to both joint tenants and tenants in common? - A. Possession 18. The term correlative most closely relates to: - C. underground water rights. 19. What system of legal description is the surveyor most likely using? - A. Government survey 20. A, B, and C own property as joint tenants. A sells her share to D. What is the new status of ownership? - D. B and C are joint tenants with each other, and D is a tenant in common with them. 21. Which of the following will not cause a cloud on the title to real estate? - D. Pending zoning change 22. Owner A gives the county a subsurface easement across her property to build a sewer line. This is best described as: - B. Easement in gross by grant 23. Merger of the servient tenement with the dominant tenement best describes: - C. The termination of an easement 24. The smallest subdivision affected by the Subdivision Map Act is: - A. Two or more parcels 25. Under the California Environmental Quality Act, an environmental impact report must be prepared for: - B. All subdivisions that will have a substantial environmental impact 26. Owner A owns 10 acres with a deed restriction prohibiting subdivision of the land into smaller parcels. What is true? - B. Owner A may not subdivide his land 27. When a home is sold to pay off unpaid debts, the first debt to be paid is: - A. Tax liens 28. Neighbor A built a fence 2 feet onto Owner B's property. This is best described as: - B. Encroachment 29. Owner A owns a 3-story building on property zoned for a 20-story building. Owner A wants to make additional money. What might he do? - B. Sell his air rights 30. An agent employed to handle a number of different matters on behalf of someone is called a: - A. General agent 31. Which requirement makes an exclusive listing agreement valid? - B. a definite termination date 32. What happens to the listing agreement when the state takes Seller A's property by eminent domain? - B. It is terminated. 33. A written disclosure of agency representation is required for: - D. one- to four-unit residential transactions. 34. An implied agency - C. is created by the actions of the parties. 35. The type of authority specified in an agency agreement is: - B. actual authority. 36. Depositing a buyer's deposit in the broker's operating account is: - D. called commingling and is a violation. 37. Which listing agreements do not require compensation unless the broker is the procuring cause? - D. open listing and exclusive-agency listing 38. What must the agent do if the buyer is anxious to purchase before school starts? - C. Keep the information confidential. 39. The principle of loyalty requires the agent to put: - C. the principal's interest above all others. 40. What problem arises when Broker A shows the property to his cousin? - B. undisclosed dual agency, unless Broker A reveals the relationship to Seller B. 41. In what type of listing might the broker be both principal and agent? - B. option listing 42. Under the duty of obedience, which request should the agent not obey? - C. The seller tells the agent to only show houses to minority families.