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18. The “Disclosure Regarding Real Estate Agency Relationships” form tells the seller and the buyer that their agent is working as: a.  the seller’s agent.      b.  the buyer’s agent. c.  both seller’s and buyer’s agent.      d.  any of the answers are correct.

71. A set number of days in which a lender will allow payments to be late without penalty is known as a: a.  waiting period. b.  grace period.  c.  maturation period. d.  none of the answers are correct.

67. What is NOT one of the four unities involved in the establishment of a joint tenancy? a.  Conveyance   b.  Title      c.  Time d.  Interest

94. A clause allowing an owner to continue using property in a way that is now prohibited by new zoning is called: a.  a conditional use permit.                  b.  police power.              c.  a grandmother clause. d.  a grandfather clause.  

HIE is: __________________.

52. An emancipated minor: a.  has legal capacity.       b.  is always emancipated.                    c.  can acquire property.       d.  all answers are correct.

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.