77. When a lessee (tenant) pays property taxes, insurance, and operating expenses, it is called a: a. graduated lease. b. gross lease. c. net lease. d. all answers are correct.
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73. In a trust deed, the trustee is the: a. third (disinte…
73. In a trust deed, the trustee is the: a. third (disinterested) party. b. lender. c. borrower. d. state controller.
69. Which of the following is true regarding joint tenancy?…
69. Which of the following is true regarding joint tenancy? a. Joint tenants have the right of “survivorship” b. A joint tenancy can be willed c. The surviving joint tenant is responsible for unsecured debts d. None of the answers are correct
11. A zoning act that requires disclosure of a property’s vi…
11. A zoning act that requires disclosure of a property’s vicinity to hazardous earthquake faults is known as the: a. San Andreas State Earthquake Act. b. California Coastal Act. c. Alquist-Priolo Special Studies Zones Act. d. None of the answers are correct.
79. Banks will make loans for: a. first trust deeds. …
79. Banks will make loans for: a. first trust deeds. b. construction. c. home improvement. d. all answers are correct.
31. Rental agreements are designed for estates: a. from pe…
31. Rental agreements are designed for estates: a. from period-to-period. b. for no more than 10 years. c. in escrow. d. any of the answers are correct.
48. What must a potential listing agent do if a seller requi…
48. What must a potential listing agent do if a seller requires the agent to discriminate? a. Discriminate b. Charge a higher commission c. Refuse the listing d. Make a citizen’s arrest
92. The most common reason to terminate a lease or rental ag…
92. The most common reason to terminate a lease or rental agreement is: a. condemnation. b. unlawful detainer. c. expiration of the term. d. destruction of the premises.
44. The most difficult part of the cost approach is: a. fi…
44. The most difficult part of the cost approach is: a. finding a lender. b. determining depreciation of older buildings. c. finding an experienced appraiser. d. all answers are correct.
89. FHA-backed loans: a. generally have lower interest rate…
89. FHA-backed loans: a. generally have lower interest rates than conventional loans. b. generally have higher interest rates than conventional loans. c. generally have lower loan-to-value ratios than conventional loans. d. are available only to veterans.