1. Items of personal property that are attached to (or incorporated into) the land in such a manner as to become real property are called: a. attachments. b. fixtures. c. incorporated items. d. furniture.
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12. When two or more people have identical interests in the…
12. When two or more people have identical interests in the whole property with the same right of possession and the right of survivorship, it is called: a. a limited partnership. b. joint tenancy. c. corporate interests. d. unity in possession.
7. Which of the following is NOT a basic right of ownership…
7. Which of the following is NOT a basic right of ownership included in the “Bundle of Rights”? a. Disposition b. Possession c. Enjoyment d. Sustainability
19. A lien filed against a property by a person who was not…
19. A lien filed against a property by a person who was not paid after furnishing labor or materials for construction work on that property is called a(n): a. mechanic’s lien. b. unpaid lien. c. voluntary lien. d. security lien.
3. Township lines divide the land into a series of east-west…
3. Township lines divide the land into a series of east-west strips called: a. levels. b. streets. c. tiers. d. sections.
24. A licensed real estate broker working in the capacity of…
24. A licensed real estate broker working in the capacity of a salesperson for another broker or corporation is known as a: a. principal broker. b. unlicensed agent. c. licensed agent. d. broker associate.
23. Which of the following forms are included in CAR’s® “Lis…
23. Which of the following forms are included in CAR’s® “Listing Package”? a. Disclosure Regarding Real Estate Agency Relationship b. Wire Fraud and Electronic Funds Transfer Advisory c. Sellers Advisory d. All answers are correct
14. The two major types of freehold estates are: a. remaind…
14. The two major types of freehold estates are: a. remainder and reversion. b. fee simple and life estate. c. life and remainder. d. fee simple and defeasible.
6. How many principal base and meridian line intersections d…
6. How many principal base and meridian line intersections does California have? a. 2 b. 3 c. 4 d. 1
18. An Easement by Prescription requires which of the follow…
18. An Easement by Prescription requires which of the following to be valid? a. 5 years continuous use b. Open and notorious use c. Hostile use d. All answers are correct