84. Which of the following is a lender’s extended coverage policy? a. CLTAb. ALTAc. RSPAd. None of the answers are correct
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45. Which of the following is true concerning the Transfer D…
45. Which of the following is true concerning the Transfer Disclosure Statement (TDS)? a. It must be provided to prospective buyers by sellers of one- to four-residential units.b. A buyer has two years to sue an agent and seller for failure to make proper disclosures.c. The listing agent is not legally allowed to complete the entire statement.d. All answers are correct.
76. Regulations regarding the allowance of service dogs in r…
76. Regulations regarding the allowance of service dogs in rentals can be found under the: a. Rules of the Real Estate Commissioner.b. Americans with Disabilities Act.c. 4th Amendment to the Constitution.d. California Rental Law.
88. Most property owners move on an average of every: a. 6 t…
88. Most property owners move on an average of every: a. 6 to 8 months.b. 6 to 8 years.c. 20 to 30 years.d. 30 to 40 years.
97. Which of the following lenders makes the majority of its…
97. Which of the following lenders makes the majority of its funds available for short-term, high-interest loans like credit cards and automobile loans? a. Savings banksb. Commercial banksc. Life insurance companiesd. None of the answers are correct
92. When selling real estate, the MOST effective form of com…
92. When selling real estate, the MOST effective form of communication is: a. direct contact (face-to-face).b. by letter (one-way).c. by telephone (two-way).d. none of the answers are correct.
63. The Real Estate Settlement Procedures Act (RESPA) covers…
63. The Real Estate Settlement Procedures Act (RESPA) covers the sale of: a. 16 or more units.b. one- to four-residential units.c. only income producing property.d. none of the answers are correct.
58. Escrow companies use a base month of: a. 28 days.b. 30 d…
58. Escrow companies use a base month of: a. 28 days.b. 30 days.c. 31 days.d. any of the answers are correct.
73. What does the term “bifurcated” mean?a. Multipliedb. Mar…
73. What does the term “bifurcated” mean?a. Multipliedb. Marginalizedc. Pacifiedd. Divided
34. Which of the following forms does the seller NOT receive…
34. Which of the following forms does the seller NOT receive a copy of in the CAR® Listing Agreement Package? a. Residential Listing Agreement (RLA)b. Seller’s Advisory (SA)c. Possible Representation of More Than One Buyer or Seller – Disclosure and Consent (PRBS)d. California Residential Purchase Agreement and Joint Escrow Instructions (RPA-CA)