Exam 4: Real Estate Agency

An easement with only a servient tenement:

At the time of the listing agreement, the seller informed the broker that the floors beneath the wall-to-wall carpets were oak. While showing the property to a buyer, the broker stated, "the floors are oak." After the sale the buyer went to replace the carpet and discovered that the floors were pine. Responsibility for the mistake rests with:

A California real estate broker finds a buyer for a property in Reno listed with a Nevada broker. Per California regulations, the:

Per the Real Estate Commissioner's regulations, a broker must:

Real estate commissions are:

Which of the following best describes the role of a broker in a real estate agency?

In a real estate sale, which of the following is not considered the agent of the seller?

The Disclosure Regarding Real Estate Agency Relationship form must be signed at the time of the:

Which of the following best describes the requirements to acquire title by adverse possession?

An easement can be terminated in several ways. The most common way to terminate an easement is by:

A property tax bill is an example of:

A judgment is considered to be what type of lien?

A broker took a listing on an 8-unit apartment house and stated that it showed a 14% yield on the investment. In figuring the yield, the broker unknowingly did not allow for maintenance expenses or a vacancy factor. A buyer purchased the property on the basis of the broker's analysis. Which of the following best describes this particular violation of real estate law?

Receiving a commission from both the buyer and seller without full disclosure and approval is called:

The Real Estate Commissioner's regulations do not apply to California licensed:

If a seller insists on selling a home "as is":

Which of the following is not correct?

To seize someone's property to satisfy a debt, a creditor would need

Most real estate agencies are created by:

Once a valid homestead is recorded, which of the following terminates the homestead?