California Real Estate Exam 17 Questions And Answers
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Terms in this set
17
What duty does an agent owe to a principal?
Loyalty
What element is required for a valid contract?
Mutual consent
What characteristic does joint tenancy include?
Right of survivorship
What does LTV stand for?
Loan-to-value ratio
How is the escrow holder generally considered?
A neutral third party
What must a seller disclose?
Known material facts
Who primarily controls zoning?
Local government
According to what must trust funds be handled?
DRE regulations
Which law prohibits discrimination in housing?
Fair Housing Act
How is market value best defined?
Most probable price