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19. The first phase in the life of a contract is: a.  completion.     b.  escrow. c.  performance. d.  negotiation.

72. The “Alquist-Priolo Special Studies Zones Act” pertains to: a.  flood zones.                      b.  earthquake fault zones.                   c.  registered sex offender zones.   d.  none of the answers are correct.

55. Which appraisal method is known as the “replacement cost method”? a.  Market data approach                           b.  Cost Approach                      c.  Income approach d.  All answers are correct

28. Which of the following is NOT a duty of the escrow company? a.  Negotiating broker’s fees     b.  Confidentiality c.  Deposit holder d.  Conditional delivery of funds and documents

15. When a tenant voluntarily gives up a lease before the expiration of its term, it’s known as: a.  forgiveness.    b.  forbearance.   c.  suspension. d.  surrender.

20. Which of the following are included in the CAR® “Purchase Agreement Package”? a.  Wire Fraud Electronics Transfer Advisory b.  Buyer’s Inspection Advisory c.  Disclosure Regarding Real Estate Agency Relationship d.  All answers are correct

93. If you are a subcontractor and a notice of completion has been filed, a mechanic’s lien can be filed: a.  until 30 days after notice of completion.                b.  until 60 days after notice of completion.                c.  until 190 days after notice of completion. d.  none of the answers are correct.

The data conversion activities are done during the __________ phase of a System Development Life Cycle. 

16. Owner A tells B that he will pay him $1,000 to paint his house. B agrees. This is an example of a: a.  unilateral contract.             b.  bilateral contract.                   c.  completed performance. d.  warranty contract.

29. Any sale of a substantial part of inventory or other supplies and equipment associated with a business: a.  is illegal.                   b.  is a sale-leaseback.  c.  requires a PRLS license. d.  is a bulk transfer.