Question 1

Which is an example of a "buyer pays" closing cost?

Accepted Answer

A)  appraisal fee 
B)  prepayment fee 
C)  documentary transfer tax 
D)  real estate commission 
A)  appraisal fee 
B)  prepayment fee 
C)  documentary transfer tax 
D)  real estate commission A

Question 2

Title insurance does not cover publicly disclosed:

Accepted Answer

A)  easements 
B)  zoning ordinances 
C)  deeds of trust 
D)  deeds 
A)  easements 
B)  zoning ordinances 
C)  deeds of trust 
D)  deeds B

Question 3

A professional property manager

Accepted Answer

A)  is required to have a real estate license 
B)  must reside on the premises 
C)  is typically a salaried employee of the property owner 
D)  all charge the same amount for their services 
A)  is required to have a real estate license 
B)  must reside on the premises 
C)  is typically a salaried employee of the property owner 
D)  all charge the same amount for their services C

Question 4

Which title policy do lender's require?

Accepted Answer

A)  CLTA policy 
B)  standard policy 
C)  ALTA policy 
D)  ABRA policy 
A)  CLTA policy 
B)  standard policy 
C)  ALTA policy 
D)  ABRA policy

Question 5

An estate for years (tenancy for a fixed term) is for what period of time?

Accepted Answer

A)  A year 
B)  A week 
C)  A day 
D)  All of the above 
A)  A year 
B)  A week 
C)  A day 
D)  All of the above

Question 6

When a valid lease is assigned, the assignee receives the entire leasehold interest and becomes:

Accepted Answer

A)  an assignor 
B)  a tenant 
C)  a landlord 
D)  a sublessor 
A)  an assignor 
B)  a tenant 
C)  a landlord 
D)  a sublessor

Question 7

Specific laws in the State of California make it illegal to screen and eliminate potential tenants for a rental unit based on:

Accepted Answer

A)  religion, sex, or age 
B)  race, color, or creed 
C)  physical handicap or marital status 
D)  all of the above 
A)  religion, sex, or age 
B)  race, color, or creed 
C)  physical handicap or marital status 
D)  all of the above

Question 8

Which of the following is not exempt from the escrow licensing law?

Accepted Answer

A)  trust companies 
B)  escrow companies 
C)  title insurance companies 
D)  real estate brokers when acting as an agent in the transaction 
A)  trust companies 
B)  escrow companies 
C)  title insurance companies 
D)  real estate brokers when acting as an agent in the transaction

Question 9

A lease on agricultural land cannot exceed:

Accepted Answer

A)  15 years 
B)  37 years 
C)  51 years 
D)  99 years 
A)  15 years 
B)  37 years 
C)  51 years 
D)  99 years

Question 10

Under the rental offset rules, which of the following is true? The tenant can do housing code repairs up to:

Accepted Answer

A)  one month's rent, once per year 
B)  two months' rent, twice per year 
C)  one month's rent, twice per 12-month period 
D)  one month's rent, twice per year 
A)  one month's rent, once per year 
B)  two months' rent, twice per year 
C)  one month's rent, twice per 12-month period 
D)  one month's rent, twice per year

Question 11

A landlord signs a 3-year binding residential lease with a tenant. Six months later, the landlord wishes the tenant to move so the landlord's father can occupy the apartment. The tenant will be forced to move after the landlord serves a:

Accepted Answer

A)  3-day notice 
B)  30-day notice 
C)  60-day notice 
D)  the tenant cannot be forced to move 
A)  3-day notice 
B)  30-day notice 
C)  60-day notice 
D)  the tenant cannot be forced to move

Question 12

A tenant makes a verbal agreement, in front of several people, to lease a home for six months. Two months later the tenant notifies the landlord that he or she will be moving out next week. The lease agreement is:

Accepted Answer

A)  not valid for lack of writing 
B)  binding although oral 
C)  invalid because it was for only 6 months 
D)  binding because it was a one-family residence 
A)  not valid for lack of writing 
B)  binding although oral 
C)  invalid because it was for only 6 months 
D)  binding because it was a one-family residence

Question 13

Which is not an obligation of the tenant:

Accepted Answer

A)  To pay rent 
B)  to not interfere with other tenants 
C)  To give a 60 notice before vacating on a month to month tenancy 
D)  not to damage the premises 
A)  To pay rent 
B)  to not interfere with other tenants 
C)  To give a 60 notice before vacating on a month to month tenancy 
D)  not to damage the premises

Question 14

If no agreement exists between the tenant and landlord and the tenant is in possession, this might be best described as a:

Accepted Answer

A)  Estate for years 
B)  Periodic tenancy 
C)  Estate at will 
D)  Estate at sufferance 
A)  Estate for years 
B)  Periodic tenancy 
C)  Estate at will 
D)  Estate at sufferance

Question 15

A broker is hired to collect rents in an apartment house. The rents are due January 1, and the broker is able to collect all but one of the tenants' rents. The next day the owner dies, and the day after that the delinquent tenant refuses to pay the broker, saying that the owner's death voided the property management contract. The tenant:

Accepted Answer

A)  cannot refuse to pay because the rent was due January 1 and the owner did not die until January 2 
B)  cannot refuse to pay because the tenant had previously recognized the agent and paid rent for prior months 
C)  cannot refuse to pay because the agent's authority continues until an administrator or executor is appointed 
D)  under these circumstances, the tenant was right not to pay 
A)  cannot refuse to pay because the rent was due January 1 and the owner did not die until January 2 
B)  cannot refuse to pay because the tenant had previously recognized the agent and paid rent for prior months 
C)  cannot refuse to pay because the agent's authority continues until an administrator or executor is appointed 
D)  under these circumstances, the tenant was right not to pay

Question 16

Title insurance rates are set by:

Accepted Answer

A)  title companies 
B)  insurance commissioner 
C)  real estate commissioner 
D)  corporation commissioner 
A)  title companies 
B)  insurance commissioner 
C)  real estate commissioner 
D)  corporation commissioner

Question 17

A lease in which the lessee is required to pay the property taxes, insurance, and maintenance is known as a:

Accepted Answer

A)  gross lease 
B)  triple net lease 
C)  percentage lease 
D)  ground lease 
A)  gross lease 
B)  triple net lease 
C)  percentage lease 
D)  ground lease

Question 18

An onsite property manager:

Accepted Answer

A)  must be a broker 
B)  must be certified. 
C)  must be licensed 
D)  none of the above 
A)  must be a broker 
B)  must be certified. 
C)  must be licensed 
D)  none of the above

Question 19

Under a three-year lease that has expired, if the tenant remains in possession and the owner accepts rent payments, the lease:

Accepted Answer

A)  is renewed for three years 
B)  is canceled 
C)  becomes a month-to-month tenancy 
D)  is renewed for one year 
A)  is renewed for three years 
B)  is canceled 
C)  becomes a month-to-month tenancy 
D)  is renewed for one year

Question 20

If you were to lease a mountain cabin from April 5 to April 30 of the same year, the lease would be recognized as an:

Accepted Answer

A)  estate at will 
B)  estate at sufferance 
C)  estate from period to period 
D)  estate for years 
A)  estate at will 
B)  estate at sufferance 
C)  estate from period to period 
D)  estate for years

Which is an example of a "buyer pays" closing cost?

Title insurance does not cover publicly disclosed:

A professional property manager

Which title policy do lender's require?

An estate for years (tenancy for a fixed term) is for what period of time?

When a valid lease is assigned, the assignee receives the entire leasehold interest and becomes:

Specific laws in the State of California make it illegal to screen and eliminate potential tenants for a rental unit based on:

Which of the following is not exempt from the escrow licensing law?

A lease on agricultural land cannot exceed:

Under the rental offset rules, which of the following is true? The tenant can do housing code repairs up to:

A landlord signs a 3-year binding residential lease with a tenant. Six months later, the landlord wishes the tenant to move so the landlord's father can occupy the apartment. The tenant will be forced to move after the landlord serves a:

A tenant makes a verbal agreement, in front of several people, to lease a home for six months. Two months later the tenant notifies the landlord that he or she will be moving out next week. The lease agreement is:

Which is not an obligation of the tenant:

If no agreement exists between the tenant and landlord and the tenant is in possession, this might be best described as a:

Title insurance rates are set by:

A lease in which the lessee is required to pay the property taxes, insurance, and maintenance is known as a:

An onsite property manager:

Under a three-year lease that has expired, if the tenant remains in possession and the owner accepts rent payments, the lease:

If you were to lease a mountain cabin from April 5 to April 30 of the same year, the lease would be recognized as an:

Introduction to Real Estate

Part I: Legal Description, Method of Acquiring Title , and Deeds

Encumbrances, Liens, and Homesteads

Real Estate Agency

Real Estate Contracts and Mandated Disclosures

Practical Real Estate Mathematics

Introduction to Real Estate Finance

Part I: Real Estate Lenders

Real Estate Appraisal

The Role of Escrow and Title Insurance Companies

Land-Use Planning, Subdivisions, Fair Housing, and Other Public Controls

Introduction to Taxation

Single-Family Homes and Mobile Homes

A Career in Real Estate

Filters

Exam 11: Landlord and Tenant Relations

Which is an example of a "buyer pays" closing cost?

Title insurance does not cover publicly disclosed:

A professional property manager

Which title policy do lender's require?

An estate for years (tenancy for a fixed term) is for what period of time?

When a valid lease is assigned, the assignee receives the entire leasehold interest and becomes:

Specific laws in the State of California make it illegal to screen and eliminate potential tenants for a rental unit based on:

Which of the following is not exempt from the escrow licensing law?

A lease on agricultural land cannot exceed:

Under the rental offset rules, which of the following is true? The tenant can do housing code repairs up to:

A landlord signs a 3-year binding residential lease with a tenant. Six months later, the landlord wishes the tenant to move so the landlord's father can occupy the apartment. The tenant will be forced to move after the landlord serves a:

A tenant makes a verbal agreement, in front of several people, to lease a home for six months. Two months later the tenant notifies the landlord that he or she will be moving out next week. The lease agreement is:

Which is not an obligation of the tenant:

If no agreement exists between the tenant and landlord and the tenant is in possession, this might be best described as a:

Title insurance rates are set by:

A lease in which the lessee is required to pay the property taxes, insurance, and maintenance is known as a:

An onsite property manager:

Under a three-year lease that has expired, if the tenant remains in possession and the owner accepts rent payments, the lease:

If you were to lease a mountain cabin from April 5 to April 30 of the same year, the lease would be recognized as an:

Introduction to Real Estate

Part I: Legal Description, Method of Acquiring Title , and Deeds

Encumbrances, Liens, and Homesteads

Real Estate Agency

Real Estate Contracts and Mandated Disclosures

Practical Real Estate Mathematics

Introduction to Real Estate Finance

Part I: Real Estate Lenders

Real Estate Appraisal

The Role of Escrow and Title Insurance Companies

Land-Use Planning, Subdivisions, Fair Housing, and Other Public Controls

Introduction to Taxation

Single-Family Homes and Mobile Homes

A Career in Real Estate

Filters