Colibri Real Estate Principles Final Exam Questions and Answers

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Colibri Real Estate Principles Final Exam

1. Anything that is fastened or attached to real property permanently is con- sidered to be:: Real Property 2. A quitclaim deed releases all present claims, rights and title of the:: Grantor 3. When a creditor wants to satisfy a judgement which was levied against another person, the creditor would:: Obtain a writ of execution 4. Before a mechanics lien is effective it must be:: Verified and recorded 5. Discrimination by a real estate licensee based on race is:: A violation of the regulations of the Real Estate Commissioner, against public policy, and unethical 6. Upon the signing of a real property sales contract:: An equitable title passes to purchaser 7. All California Real Estate Laws are created by:: Acts of the legislature 8. The 36 sections in a township are numbered from 1 through 36. Section 1 is located in the:: Northeast corner 9. Which of the following would be a discriminatory act under the Commis- sioner's Regulations?: Posting a sign on the property indicating a preference for female renters, designing an 2 / 6 ad for general circulation appealing to persons of a specific religion to purchase within a given area, and refusing to list a property in an area occupied by persons of a race other than the licensee. 10. The type of interest usually charged on home loans is:: Simple 11. A landowner is notified by a railroad company that it plans to cross his property with a railroad line. If the landowner refuses, the railroad company can proceed by the use of:: Eminent domain 12. Title to real property that is transferred by a will is considered:: A devise 13. A real estate broker received 40 acres of land valued at $300 per acre as a commission from the seller.Two weeks after escrow closed, the broker was offered $400 per acre for the land. If the broker accepts the offer he:: Will be acting in an acceptable manner 14. The words "procuring cause" would have an important meaning to which of the following?: A disputed over commission on an open listing

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