California Real Estate Exam 200 Questions And Answers Set 03
1 / 10
Terms in this set
200
Reed vs. King Case
Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS
Jones vs. Mayer Supreme Court Decision (1968)
Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968)
Easton vs Strassburgar
Seller disclosures to third parties AND agent visual inspection of all accessible for 1-4 single family homes
If license applicant is delinquent on child support, what type of license will be issued?
150 day temporary license
A commission is earned when...
A ready, willing, and able buyer is found
Name 4 examples of real property
Land
Fixtures (attachments)
Appurtenances
Immovable by law
Fixtures (attachments)
Appurtenances
Immovable by law
DEF mineral rights
Right to remove substances from land, usually beneath the surface
Name two instruments to transfer ownership
1. Deed (real estate)
2. Bill of sale (personal property)
2. Bill of sale (personal property)
Name five tests to determine if something is a fixture:
MARIA
Method of attachment
Adaptability
Relationship of parties
Intent of parties in placement
Agreement of parties
Method of attachment
Adaptability
Relationship of parties
Intent of parties in placement
Agreement of parties
Of the five MARIA tests to determine if something is a fixture which is most important
INTENT