4. The area of a rectangular lot that is 50 feet wide by 100 feet deep is: a. 2,500 sq. ft. b. 500 sq. ft. c. 5,000 sq. ft. d. 50,000 sq. ft.
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28. An authorization to sell a property which may be given t…
28. An authorization to sell a property which may be given to several brokers, or the property may be sold by the owner, is called: a. free-for-all. b. non-exclusive listing. c. general property listing. d. open listing.
45. If a tenant does NOT leave after the expiration of the l…
45. If a tenant does NOT leave after the expiration of the lease and retains possession, what has occurred? a. Hostage possession b. Reversionary right c. Estate at sufferance d. None of the answers are correct
31. A contract to employ a broker as an agent, to do certain…
31. A contract to employ a broker as an agent, to do certain things for the owner/seller, is known as a(n): a. employment contract. b. power of attorney. c. listing. d. agency.
41. You promise to pay a painter $2,000 to paint your house…
41. You promise to pay a painter $2,000 to paint your house and the painter agrees to do it. What type of contract is formed? a. Unilateral contract b. Implied contract c. Void contract d. Bilateral contract
42. In a contract, anything of value given by one party to a…
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-uni…
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 c…
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 (RL…
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….
25. The steps of agency disclosure include: a. disclose. b. elect. c. confirm. d. all answers are correct.