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42. In a contract, anything of value given by one party to another party to make the agreement binding is known as: a.  a gift. b.  consideration. c.  a deposit. d.  none of the answers are correct.

26. Real estate laws in California apply to: a.  1- to 4-unit residential property. b.  commercial property. c.  vacant land. d.  all answers are correct.

8. Anything permanently attached or affixed to the land is called: a.  fixtures. b.  real property. c.  personal property. d.  attachments.

27. What’s included in the Residential Listing Agreement (RLA) that may allow a broker to collect a commission even after the termination of the listing? a.  Penalty Clause b.  Safety Clause c.  Restrictive Clause d.  Termination Clause

25. The steps of agency disclosure include: a.  disclose. b.  elect. c.  confirm. d.  all answers are correct.

11. A signed or verbal statement by the named person that he/she has signed that document of his/her own free will is known as: a.  verification. b.  acknowledgment. c.  recording. d.  actual notice

13. All property acquired by a husband and wife during their marriage other than separate property is called: a.  community property. b.  combined property. c.  inheritances. d.  community goods.

49. Providing the landlord with funds to pay for damages or unpaid rent when the tenant vacates is called a: a.  security deposit. b.  vacating fee. c.  trust account. d.  goodwill.

46. Minimum requirements of a lease include which of the following? a.  Description of property b.  Amount of rent c.  Length or duration of the lease d.  All answers are correct

29. A person who works under the direct control and supervision of the employer is known as a(n): a.  independent contractor. b.  employee. c.  subagent. d.  all of the above.