Prepare for the California Real Estate Sales Practice Exam with this focused quiz. Assess your understanding of key real estate concepts including joint tenancy, easements, and protective covenants. Essential for aspiring real estate professionals in California.
Two or more people joined in an enterprise.
A mode of holding ownership
A tenacious person
A device
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They are professional organizations of person who make residential appraisals
They are professional organizations founded in the 1930s
They are professional organizations that are international in scope
All of the above
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Anything acquired by legal right that is to be used with the land for its benefit
A right of way over another owner's adjoining land
Stock in a mutual water company
All of the above
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Balance
Contribution
Regression
Anticipation
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$12,500
$27,000
$36,000
$48,000
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Easement
Lien
Judgement
Attachment
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Invalidate the conveyance
Have no effect in the conveyance and the covenant will be unenforceable
Create the power in the grantee to void the conveyance
Retain in the grantor the power to enforce the covenant
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Joint Tenants
Community property
Tenants in Common
Tenancy in Partnership
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Purpose of the appraisal
Suitability of the residence to the site
Physical condition of the building
Original cost of the residence
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Value
The "economic man"
"Utility" as used in a definition of value
Need
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One half of the husband's share
One half of the entire property
One half of her share
None of the property
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Condemnation proceedings
Third party liability
Stock in a mutual water company
Escalation clause, tied to the cost of living index
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Projection
Yield evaluation
Equity manipulation
Capitalization
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Is a single estate
Is an estate in severalty
Involves real property only
Involves personal property only
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A double lease
A freehold lease
An assignment
A sandwich lease
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A grant of the mineral and oil rights therein to a third party
A grant of an easement for right of a way over the land
A leasing of the land for agricultural purposes to a third party for a period of five years
None of the above
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Estimating values
Private construction
Architectural design
A group of developers
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Original deed held by the subdivider
Recorded declaration of the restrictions
Zoning codes
Subdivision Map
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Convenience of facility to shipping and labor sources
The community's purchasing power
Zoning regulations
Amenities
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Acme Finance Company
Mr. Thomas
The listing broker
All of the above
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$66.50
$79.80
$173.50
$240.00
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Jones holds a life estate and Austin an estate in remainder
Jones holds a life estate and Austin an estate in reversion
Jones holds a fee simple estate and Baker a life estate
Baker holds a life estate and Jones an estate in remainder
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A small house would cost less than a large house
A large house would cost more than a small house
A small house would cost more than a large house
The cost of a small house and a large house would be the same
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Simply average his estimates
Assigns weigh to the individual estimates and then averages them
Does both "A" and "B"
Does none of the above
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