Midterm Exam

Navigation » List of Schools » Glendale Community College » Real Estate » Real Estate 101 – Real Estate Principles » Fall 2021 » Midterm Exam

Need help with your exam preparation?

Existing Quiz Clients Login here

Below are the questions for the exam with the choices of answers:

Try The Exam

Question #1

The disclosure that reminds buyers and sellers of the importance of investigating a property before the sale is known as the:

A National Hazard Disclosure.

B Disclosure Regarding Agency Relationship.

C Statewide Buyers and Seller Advisory.

D None of the answers are correct.

Question #2

What’s included in the Residential Listing Agreement (RLA) that may allow a broker to collect a commission even after the termination of the listing?

A Restrictive Clause

B Safety Clause

C Penalty Clause

D Termination Clause

Question #3

Real estate laws in California apply to:

A commercial property.

B 1- to 4-unit residential property.

C vacant land.

D all answers are correct.

Question #4

The steps of agency disclosure include:

A confirm.

B disclose.

C elect.

D all answers are correct.

Question #5

A licensed real estate broker working in the capacity of a salesperson for another broker or corporation is known as a:

A unlicensed agent.

B principal broker.

C broker associate.

D licensed agent.

Question #6

Which of the following forms are included in CAR’s® “Listing Package”?

A Wire Fraud and Electronic Funds Transfer Advisory

B All answers are correct

C Sellers Advisory

D Disclosure Regarding Real Estate Agency Relationship

Question #7

If tenant just moves out or vacates the premises without formal surrender and never returns, it is called:

A surrender

B forbearance

C abandonment

D lease termination

Question #8

A legal document that informs the tenant that he/she has three straight days to pay all past due rent, vacate the premises, or face an unlawful detainer court action is known as a(n):

A eviction notice

B 3-day notice to pay rent or quit

C court order

D none of the above

Question #9

Providing the landlord with funds to pay for damages or unpaid rent when the tenant vacates is called a(n):

A vacating fee

B trust account

C goodwill

D security deposit

Question #10

The amount of money paid for the use of a property is known as:

A rent

B booty

C fees

D dues

Question #11

Minimum requirements of a lease include which of the following:

A description of property

B all answers are correct.

C length or duration of the lease

D amount of rent

Question #12

If a tenant does NOT leave after expiration of the lease and retains possession, what has occurred?

A Estate at sufferance

B Hostage possession

C Reversionary right

D None of the above

Question #13

The legal process of removing a tenant because there is a breach of the lease or rental agreement is called a(n):

A lawsuit

B unlawful detainer

C three-day notice to pay

D eviction

Question #14

Which of the following can discharge a contract?

A Impossibility of performance

B all answers are correct.

C Full performance

D Operation of law

Question #15

In a contract, anything of value given by one party to another party to make the agreement binding is known as:

A a gift

B consideration

C a deposit

D none of the above

Question #16

You promise to pay a painter $2,000 to paint your house and the painter agrees to do it. What type of contract is formed?

A bilateral contract

B implied contract

C void contract

D unilateral contract

Question #17

You enter the coffee shop next door where you have an account, pour yourself a cup of coffee, hold it up to show the manager and wave as you leave the store. This would be an example of a(n):

A express contract

B privilege

C stealing

D implied contract

Question #18

A person who is judged to be of unsound mind is known as a(n):

A loony

B incapacitated youth

C incompetent

D minor

Question #19

Some of the ways in which contracts may be classified include:

A valid, voidable, and void

B voidable and void

C valid

D void

Question #20

Which of the following is NOT a method of becoming an emancipated minor:

A reaching the age of 16 years old

B being declared self-supporting by the courts

C being a member of the armed forces

D marrying

Question #21

When a person misrepresents a material fact, knowing that it is not true, or is carelessly indifferent to the truth of the stated facts, it is known as:

A lying

B puffing

C fraud

D none of the above

Question #22

The person who hires or employs an agent to work for him or her is known as:

A principal

B third party

C contractor

D employer

Question #23

A Fiduciary relationship requires which of the following with the principal:

A good faith and fair dealing

B reasonable skill and care

C honesty, loyalty, integrity

D none of the above

Question #24

A required form, provided by the seller, which identifies items of value attached to the structure or land and states whether these items are operational is called a(n):

A list of items working

B operational form

C transfer disclosure statement

D none of the above

Question #25

A contract to employ a broker as an agent, to do certain things for the seller is known as a(n):

A agency

B listing

C employment contract

D power of attorney

Question #26

Mixing the funds of a principal and a licensee is known as:

A commingling

B trust account

C joint account

D mixed funding

Question #27

A person who works under the direct control and supervision of the employer is known as a(n):

A subagent

B employee

C independent contractor

D all of the above

Question #28

An authorization to sell a property which may be given to several brokers, or the property may be sold by the owner is called:

A open listing

B free-for-all

C non-exclusive listing

D general property listing

Question #29

A wrongful unauthorized placement of improvements or permanent fixtures on a property by a non-owner of that property is called:

A zoning ordinance

B an encroachment

C prescriptive use

D wrongful use

Question #30

A voluntary lien, for money owed, placed over more than one parcel is called a(n):

A blanket encumbrance

B tax lien

C multi-parcel lien

D none of the above

Question #31

The restriction on the use of private property by the local government agency is called:

A government restrictions

B code enforcement

C zoning

D regulations

Question #32

A lien filed against a property by a person who was not paid after furnishing labor or materials for construction work on that property is called a(n):

A mechanic’s lien

B unpaid lien

C security lien

D voluntary lien

Question #33

An Easement by Prescription requires which of the following to be valid:

A 5 years continuous use

B all answers are correct.

C open and notorious use

D hostile use

Question #34

An easement that is “created for and beneficial to” the owner of adjoining or attached lands is which type of easement?

A Easement appurtenant

B Easement approximate

C Easement non-encumbering

D Easement abutting

Question #35

A document that uses a property to secure the payment of a debt or the discharge of an obligation is called a (n):

A grant deed

B I.O.U.

C tax Assessment

D lien

Question #36

When a landlord discovers that work is being done on the property without the landlord’s consent, he should:

A terminate the tenancy

B file a mechanic’s lien against the tenant

C post a Notice of Non-Responsibility on the property

D issue a 3-day pay and quit notice

Question #37

The two major types of freehold estates are:

A remainder and reversion

B fee simple and defeasible

C life and remainder

D fee simple and life estate

Question #38

All property acquired by a husband and wife during their marriage other than separate property is called:

A community property

B combined property

C inheritances

D community goods

Question #39

When two or more people have identical interests in the whole property with the same right of possession and the right of survivorship, this is called:

A unity in possession

B corporate interests

C joint tenancy

D a limited partnership

Question #40

A signed or verbal statement by the named person that he/she has signed that document of his/her own free will is known as:

A acknowledgment

B verification

C recording

D actual notice

Question #41

Susie owns a life estate based upon her own life. She leases the property to a tenant on a three-year lease. Susie, the life tenant, dies two years later. What happens to the lease?

A The lease remains intact

B The lease is automatically renewed

C The lease can be renegotiated

D The lease is terminated

Question #42

An interest, share, right or equity in real estate that varies from the minimal right of a renter to the maximum right of full owner is called a(n):

A estate

B equity share

C ownership

D lease

Question #43

Anything permanently attached or affixed to the land is called:

A real Property

B personal property

C fixtures

D attachments

Question #44

Which of the following is NOT a basic right of ownership included in the “Bundle of Rights”?

A Enjoyment

B Sustainability

C Disposition

D Possession

Question #45

How many principal base and meridian line intersections does California have?

A 4

B 3

C 1

D 2

Question #46

Which of the following can transfer ownership of trade fixtures and personal property?

A Invoice

B Bill of Sale

C Transfer document

D Bill of Lading

Question #47

An area of land that contains 43,560 square feet is called a(n):

A perimeter

B township

C hectare

D acre

Question #48

Township lines divide the land into a series of east-west strips called:

A levels

B streets

C sections

D tiers

Question #49

Anything attached to the land, such as buildings, fences, walls, walks and shrubs, are called:

A incorporated items

B enhancements

C improvements

D permitted items

Question #50

Items of personal property that are attached to, or incorporated into, the land in such a manner as to become real property are called:

A furniture

B attachments

C fixtures

D incorporated items

Try The Exam

Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

Need help with your exam preparation?

Below are the questions for the exam with the choices of answers:

Christian S.

Tyra

Linda

Manush

We accept payment