Real Estate Sales Exam Flashcards

Decks in this Class (33):

• Types Of Property

  Types of Property

  Sample Cards:

  what are the two main types of property,

  what is real property,

  what is personal property
  9 Cards
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• Encumbrance

  Encumbrance

  Sample Cards:

  define encumbrance,

  specific types of encumbrances include,

  encroachment
  20 Cards
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• Ownership Types

  Ownership Types

  Sample Cards:

  a process designed to determine if a sel,

  a chain of transfers of a title to a pro,

  an alphabetic list of purchasers of the
  21 Cards
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• Property Descriptions

  Property Descriptions

  Sample Cards:

  metes and bounds a method of describing,

  rectangular survey system traditional me,

  most commonly used method to survey and
  22 Cards
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• Estates

  Estates

  Sample Cards:

  an estate that has the exclusive right t,

  the most common type of freehold estate,

  the fee simple absolute type of estate g
  14 Cards
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• Government Controls

  Government Controls

  Sample Cards:

  examples of police power,

  what is the power to take private proper,

  the process of exercising powers of emin
  7 Cards
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• Private Controls

  Private Controls

  Sample Cards:

  conditions refers to,

  convenants are,

  what is a ha
  3 Cards
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• Water Rights

  Water Rights

  Sample Cards:

  _______ rights when dealing with a navig,

  _____ rights take into consideration the,

  natural deposit of soil that results in
  13 Cards
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• Mineral Rights

  Mineral Rights

  Sample Cards:

  you are given rights to the minerals gas,

  mineral rights belong to the owner of th,

  a _______ lease may be create dot allow
  4 Cards
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• Value Of A Property

  Value of a Property

  Sample Cards:

  formula for determining value of a prope,

  formula for determining value via income,

  what elements establish value dust
  15 Cards
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• Contracts And Documents

  Contracts and Documents

  Sample Cards:

  details of agreement between a brokerage,

  typically fill in the blank format and d,

  thoroughly explains the responsibilities
  10 Cards
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• Financing

  Financing

  Sample Cards:

  borrowers in california may pay off up t,

  penalties may not amount to more than __,

  with the ________ market loans are sold
  29 Cards
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• Funding

  Funding

  Sample Cards:

  interest rate charged by the federal res,

  prime rate,

  mortgage rates
  15 Cards
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• Leases

  Leases

  Sample Cards:

  states that the landlord is responsible,

  this states that the tenant is responsib,

  states that the tenant will pay a percen
  7 Cards
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• Agency Law

  Agency Law

  Sample Cards:

  t f the agent in a dual agency situation,

  what are the fiduciary duties
  2 Cards
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• Listing Types

  Listing Types

  Sample Cards:

  open listing,

  exclusive agency,

  exclusive right to sell
  5 Cards
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• Deeds

  Deeds

  Sample Cards:

  which deed is the only one used in calif,

  general warranty deed,

  special warranty
  8 Cards
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• Federal Laws

  Federal Laws

  Sample Cards:

  federal civil rights act 1866,

  federal fair housing act of 1968 title v
  2 Cards
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• California State Law

  California State Law

  Sample Cards:

  this law forbids discrimination based on,

  this code forbids discrimination against,

  this act forbids discrimination based on
  8 Cards
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• Chapter 1 Intro To Real Estate

  Chapter 1 Intro to Real Estate

  Sample Cards:

  define appurtenant,

  what do easements also allow,

  are minerals oil and gas when extracted
  17 Cards
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• Chapter 2 Estates Transfers And Titles

  Chapter 2 - Estates, Transfers and Titles

  Sample Cards:

  fee simple estate means an owner has tra,

  define fee simple defeasible estate or q,

  less than freehold estate is also called
  36 Cards
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• Chapters 3 Encumbrances

  Chapters 3 - Encumbrances

  Sample Cards:

  define lien,

  example of specific lien,

  example of general lien
  25 Cards
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• Chapter 4 Agency And Its Responsibilitie

  Chapter 4 - Agency and Its Responsibilities

  Sample Cards:

  what does estoppel prohibit,

  what is ratification,

  if the seller s agent informs the buyer
  50 Cards
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• Chapter 5 Contracts

  Chapter 5 - Contracts

  Sample Cards:

  this type of contract is expressed in wo,

  bilateral contract is promise for a ____,

  unilateral contract is a promise for an
  38 Cards
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• Chapter 6 Landlord And Tenant Lessor And

  Chapter 6 - Landlord and Tenant; Lessor and Lessee

  Sample Cards:

  a ____ agreement is different from a lea,

  a chattel real is a _______ property est,

  the owner has reversionary interest whic
  17 Cards
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• Chapter 7 Escrows And Title Insurance

  Chapter 7 - Escrows and Title Insurance

  Sample Cards:

  if a dispute arose during escrow regardi,

  is southern california unilateral bilate,

  is southern california unilateral bilate
  27 Cards
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• Chapter 8 Real Estate Finance

  Chapter 8 - Real Estate Finance

  Sample Cards:

  leverage is the practice of purchasing r,

  to utilize the _______ of leverage an in,

  to __________ is to provide title to a p
  43 Cards
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• Chapter 9 Financial Institutions

  Chapter 9 - Financial Institutions

  Sample Cards:

  inflation when the value of something de,

  deflation caused when the feds restrict,

  seller s market
  29 Cards
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• Chapter 10 Appraisal Basics

  Chapter 10 - Appraisal Basics

  Sample Cards:

  market ______ selling price is the total,

  market ______ is the price that a willin,

  what are the 4 essential characteristics
  14 Cards
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• Chapter 11 Appraisal Methods

  Chapter 11 - Appraisal Methods

  Sample Cards:

  ___________ is the process of converting,

  vacancy factor is the ____ in rents due,

  cost of capital mortgage payments of pri
  12 Cards
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• Chapter 12 Subdivisions And Government C

  Chapter 12 - Subdivisions and Government Controls

  Sample Cards:

  ________ __________ is the right of publ,

  what are examples of police power,

  a ___________ is a parcel of land divide
  48 Cards
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• Chapter 13 Taxation Of Real Estate

  Chapter 13 - Taxation of Real Estate

  Sample Cards:

  real property taxes are also what,

  ________ ________ assesses __________ __,

  proposition ___ limits the amount of tax
  25 Cards
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• Chapter 14 Licensing Education And Assoc

  Chapter 14 - Licensing, Education, and Associations

  Sample Cards:

  personal property is transferred by,

  this is a sale or lease of a business in,

  what are the three documents in a person
  11 Cards
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