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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.

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? 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 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.                 b.  construction.               c.  home improvement. d.  all answers are correct.

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 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 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.  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 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.