Real Estate Principles Final Exam-with 2026-2027 5pages

Anything that is fastened or attached to real property permanently is considered to be: Real Property A quit claim deed releases all present claims, rights and title of the: Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: Obtain a writ of execution Before a mechanics lien is effective it must be: and recorded Discrimination by a real estate licensee based on race is: 1. A violation of the regulations of the Real Estate Commissioner 2. Against public policy 3.Unethical 4. All of the above<-- Upon the signing of a real property sales contract: An equitable title passes to purchaser All California state laws are created by: Acts of legislature The 36 sections in a township are numbered from 1 to 36, Section I located in the: Northeast corner The type of interest usually charged on home loans is: Simple 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 Title to real property that is transferred by a will is considered: A devise 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