CA Real Estate Practice Study guides, Class notes & Summaries

How many square feet in one acre? - There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? - $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), then the seller received 92% of...

Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: Place the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: A foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third party. One of the joint tenants sell his interest.

CA Real Estate Practice Exam A seller is required to deliver the Homeowner's Guide to Earthquake Safety to the buyer of any one-to-four unit residential properties built prior to: A. 1952 B. 1960 C. 1960 D. 1975 - C. 1960 A Homeowners Guide to Earthquake Safety must be given to the buyer of any real property improved with a residential dwelling built prior to 1960 and consisting of one-to-four units, any of which are of conventional light-frame construction. When calculat...