CA Real Estate Exam Practice | 100% Correct
Answers | Verified | Latest 2024 Version
Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the
property. In terms of affecting title this action could: - ✔✔Place the beneficiary in a precarious position
should the borrower die before the debt is paid.
Joint tenant estate held by two joint tenants is severed and ended by the following: - ✔✔A foreclosure
by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the
joint tenants sell his interest.
A man owns six seperate parcels of real property. He wants to offer all of the parcels as security for a
mortgage loan. The mortgage that he will obtain will probably be? - ✔✔A blanket mortgage
All of the following acts of one joint tenant terminates a joint tenancy except when the joint tenant: -
✔✔Mortgages his or her share
Avulsion - ✔✔Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must use: - ✔✔Today's cost and today's reproduct
ion cost
The appraiser gives an 30 year old home a rating of 6 years is called: - ✔✔Effective age
a home painted in 1972, even if the seller repainted
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to: - ✔✔cancel the transaction.
Not funtional obsolescense - - ✔✔Proximity of nuisances
Intestate means: - ✔✔Someone that left no will
