CA-Real-Estate availability - California Real Estate exam Updated: 2023
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Exam Code: CA-Real-Estate California Real Estate exam availability November 2023 by Killexams.com team|
CA-Real-Estate California Real Estate exam
Appropriate knowledge of the English language, including reading, writing, and spelling; and of arithmetical computations common to real estate and business opportunity practices.
An understanding of the principles of real estate and business opportunity conveyancing; the general purposes and general legal effect of agency contracts, deposit receipts, deeds, deeds of trust, chattel mortgages, bills of sale, mortgages, land contracts of sale, and leases; and of the principles of business, land economics and appraisals.
A general and fair understanding of the obligations between principal and agent; the principles of real estate and business opportunity transactions, and the code of business ethics pertaining thereto; as well as of the provisions of the law relating to real estate as administered by the Real Estate Commissioner.
- Classes of Property
- Property Characteristics
- Types of Ownership
- Descriptions of Property
- Government Rights in Land
- Public Controls
- Environmental Hazards and Regulations
- Private Controls
- Water Rights
- Special Categories of Land
- Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents
- Creation of Agency and Agency Agreements
- Responsibilities of Agent to Seller/Buyer as Principal
- Disclosure of Agency
- Disclosure of Acting as Principal or Other Interest
- Termination of Agency
- Commission and Fees
- Responsibilities of Agent to Non-Client Third Parties
- Methods of Estimating Value
- Financial Analysis
- General Concepts
- Types of Loans
- Sources of Financing
- Government Programs
- Mortgages/Deeds of Trust/Notes
- Financing/Credit Laws
- Loan Brokerage
- Types of Loan Originators
- Title Insurance
- Tax Aspects
- Special Processes
- Transfer through Court Supervision
- Types of Vesting
- Trust Account Management
- Fair Housing Laws
- Truth in Advertising
- Record Keeping Requirements
- Agency Supervision
- Permitted Activities of Unlicensed Sales Assistants
- DRE Jurisdiction and Disciplinary Actions
- Licensing, and Continuing Education Requirements and Procedures
- California Real Estate Recovery Fund
- General Ethics
- Property Management
- Commercial/Industrial/Income Properties
- Specialty Areas
- Transfer Disclosure Statement
- Natural Hazard Disclosure Statements
- Disclosure of Material Facts Affecting Property Value
- Need for Inspection and Obtaining/Verifying Information
- Servicing Diverse Populations
- Listing Agreements
- Buyer Broker Agreements
- Offers/Purchase Contracts
- Promissory Notes/Securities
- Purchase/Lease Options
- Advanced Fee
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California Real Estate Exam
Buyer Baker bought a farm. At the time of the purchase, the seller Sampson was growing corn
on the north 40 acres of the farm. Sampson intended to harvest the corn before the close of
escrow, but never got around to it. No mention was made of the corn in the sales agreement
and/or escrow instructions. Escrow has now closed, Buyer Baker is in possession and it is
time to harvest the corn. Who gets to harvest the corn?
A. The buyer would have the right to harvest the corn because he always intended to do so;
B. The buyer would get to harvest the corn because it goes with the land and is considered real
C. The buyer would get to harvest the corn because of his equity in the corn;
D. The seller would get to harvest the corn because the corn is his personal property and was
not mentioned in the sales agreement.
Who signs the promissory note and mortgage?
When calculating the Consumer Price Index (CPI), housing expenses is one of the largest
A. CPI is based upon all consumer purchases;
B. More people buy homes than buy businesses;
C. Housing impacts economy;
D. Housing is one of the largest expenses for consumers.
As used in real estate practices, the land of a riparian owner borders on:
A. A river;
B. A stream;
C. A watercourse;
D. Any of the above.
When four people own property as joint tenants:
A. They may hold unequal interests in the property;
B. There is still only one title to the whole property;
C. If one of the owners dies, her heirs become tenants in common with the surviving co-
owners as tenants in common;
D. Each owner has a separate legal title to his undivided interest in the property.
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 bona fide listing to sell real property must contain:
A. Consideration, mutual consent, competent parties, and writing;
B. Consideration, mutual consent, capable parties expressed time element and price;
C. Capable parties, mutual consent, lawful object, consideration, and be in writing;
D. Consideration, price, lawful object, competent parties, and legally sufficient writing.
A contractor obtains a construction loan, and the loan funds are to be released in a series of
progress payments. Most lenders disburse the last payment when the:
A. Building is completed;
B. Notice of completion is filed;
C. Buyer approves the construction;
D. Period to file a mechanic's lien has expired.
Which of the following represents an example of police power?
A. A condemnation action on property for construction of a freeway;
B. CC&Rs placed in a deed by a developer;
C. Enforcement of contracts by equitable civil proceedings in court;
D. Zoning laws which restrict and limit the use of land.
Gross leases are most often used with:
A. Residential property;
B. Retail space;
C. Office space;
D. Shopping malls.
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California Forever sent a letter on Monday to Solano County, the City of Fairfield and the Solano County Water Agency proposing a land exchange of thousands of acres near Travis Air Force Base.
The company has offered to swap 1,573 acres of high habitat value land on Jepson Prairie near Travis Air Force Base, for 1,403 acres of pasture with medium agricultural value six to 10 miles away from the base, mostly east of Rio Dixon Road.
The letter, signed by California Forever CEO Jan Sramek, was addressed to Fairfield City Manager David Gassaway, County Administrator William Emlen and General Manager of Solano County Water Agency Chris Lee.
The letter says that California Forever is offering the exchange because it learned the parcels it purchased on the Jepson Prairie are included under the Department of Defense’s Readiness and Environmental Protection Integration program, and that its ownership of them could also pose a threat to the goals of the Solano County Habitat Conservation Plan.
“We believe this exchange proposal is a win-win transaction that makes good sense for all sides involved,” the letter reads.
The letter also indicates that California Forever would provide $1 million to fund the completion of the Solano County Habitat Conservation plan. The land being offered by California Forever is the last land on the Jepson Prairie which is not currently publicly owned, according to the letter. creating the opportunity to unite one uninterrupted habitat.
“This exchange would therefore become the capstone achievement that substantially completes the preservation of the Jepson Prairie ecosystem, and creates a fully contiguous open space reserve of approximately 15,000 acres” the letter says.
The Solano County Water Agency has a meeting scheduled for Thursday at 6:30, which will be available both in person at 810 Vaca Valley Parkway and on Zoom. Its agenda, released before the letter was dated, includes an item titled “Water Supply Portfolio and Discussions with California Forever.”
The entire proposal is conditional on the approval of California Forever’s development plans in the area by the voters next November and by relevant regulatory agencies. The company said it is currently undergoing a listening tour, taking feedback from the community on how to make its plans work for Solano County residents. A more comprehensive plan, which will go in front of voters next November, will be released in January.
“Put plainly, if the voters or any regulatory agencies whose approvals would be required later do not approve our plans, the exchange agreement would terminate, we would cover all legal and other costs of the public agencies incurred in negotiating the exchange, and everything would remain the same as it is today,” the letter reads.
The offer is only on the table until Dec. 31, the letter explains, so that all of the changes can be reflected in the January plan.
“The reason to agree on this transaction now is to ensure that we can propose a more orderly plan to the voters, so that if the voters and regulators approve the proposal in the future, then the exchange automatically and immediately closes,” the letter reads.Sramek said the REPI report and habitat plan were the main drivers of this proposal, as California Forever had no knowledge of both of those factors before the purchase of this land. Four weeks ago, when it learned of the REPI, he said, it started to think of how it might be able to get that land under Travis AFB’s control.
“I think what we want people to understand is that we are serious about the fact that we want to protect and strengthen Travis,” he said.
Sramek also said the company feels similarly about protecting open space and contributing to ecological projects in the area.
“We’ve been saying that for two months,” he said of commitments to the base and the environment, “and this is a step where we are going to change it into actions.”
The proposal would allow public shareholders to take over land of higher ecological value, and to consolidate their holdings into one place, California Forever said.
“We hope this transaction is the first of many ways that California Forever and local stakeholders can work together in a productive and collaborative fashion that benefits everyone involved,” the letter said. “We look forward to working with all stakeholders on this multi-benefit transaction, and attending public meetings where this matter is discussed to answer any questions.”
Charles Moore and Miesha Carter, an innovative Black couple from Los Angeles, are revolutionizing real estate investment by launching their Affordable Real Estate Investment Course Series.
Charles Moore and Miesha Carter, an innovative African-American couple from Los Angeles, California, are revolutionizing real estate investment accessibility with the launch of their Affordable Real Estate Investment Course Series.
As seasoned real estate professionals with years of experience, they have a passion for fostering financial growth and are excited to announce that enrollment is open for their transformative online course series.
This initiative is only open and available twice a year and aims to impart unconventional yet successful real estate investment strategies that have been honed and perfected over five years. With a commitment to making quality education accessible, this couple brings forth an opportunity that not only equips but also caters to the budget-conscious investor and levels the playing field. Miesha shares her enthusiasm: “We’re here to help our clients start up, invest up, and scale up.” This is why it is good to tap into a community of like-minded people to pursue real estate investment.
Venturing into the world of real estate investment often requires navigating uncharted waters. Considering this, the couple’s real estate investment courses are designed to offer guidance for people eager to explore innovative investment avenues.
A pivotal focus of this online course lies in aiding individuals in mastering the intricacies of land and real estate government auctions, as well as property liens. These aspects, often overlooked, hold immense potential for those who understand how to navigate them effectively. The course delves deep into the nuances, enabling participants to emerge with a comprehensive understanding.
The highly anticipated Real Estate Investment Class Series titled “Getting Ready for the Auction” stands as a testament to the couple’s commitment to education. This course is a total of 10 modules, 8 Primary modules, and 2 Bonus ones, and this series will deliver the participants the tools and knowledge to understand the auction process.
The modules include:
November 6, January 8th 2024, March 4th 2024: Free Webinar
January 13, 2024: Series 1 – Understanding Tax Liens and Tax Deeds Property Auctions
January 27, 2024: Series 2 – How To Bid At The Property Auction
February 10th, 2024: Series 3 – Researching Tax Property
February 24th, 2024: Series 4 – Getting The Auction Rules
March 9th, 2024: Series 5 – Searching For Liens
March 23, 2024: Series 6 – Zoning
April 13th, 2024: Series 7 – Board of Health and Properties
April 27, 2024: Series 8 – Wiinning The Bid
May 11th, 2024: Bonus Session 2: What To Do With Properties
May 25th, 2024: Bonus Session 3: Creating Your Team
“We believe that everyone should have access to effective investment education,” says Miesha.
Her husband, Charles, comments, “Our courses are designed to empower individuals with the knowledge and strategies necessary to explore unconventional avenues in real estate.”
Enrollment for these courses is now open, offering a unique opportunity to learn directly from experts who have successfully implemented the very same strategies they teach. Participants gain access to a treasure trove of practical insights, industry secrets, and actionable tips that can pave the way to realizing their real estate aspirations.
For further information and enrollment details, interested individuals can reach out to firstname.lastname@example.org
Their courses promise a transformative journey, unlocking doors to lucrative investment opportunities. Graduates of the course series emerge not just equipped but confidently prepared to navigate the intricate financial and legal complexities of real estate auctions across the United States.
This news was first reported by blacknews.com
When it comes to real estate, there are so many questions, so I jumped at the chance to visit with Jason. Of course, we started our conversation about "Selling Sunset!" Jason filled me in on what we can expect to see on season 7. The full season is now streaming on Netflix.
The conversation then shifted to the stunning penthouse that he had spent two years renovating - and I had my opportunity to pick his brain! Do I buy a turn-key? Do I buy a fixer-upper? How long should I keep it for before I sell? What part of the property do I invest my money in first or the most? Do I focus on functionality or esthetics? Where do I purchase? So.many.questions.
I asked, and Jason graciously answered!
Be sure to check out season 7 of "Selling Sunset" on Netflix - all episodes are out now - and follow Jason on Instagram (@jasonoppenheim) for more inspiration, suggestions, and behind-the-scenes tidbits!
Bisnow is proud to host Southern California's Annual Women Leading Real Estate Awards Ceremony. This event will bring together some of the industry's most powerful and influential women to honor them and their accomplishments and provide insight, networking, and resources for professional development. Join us in honoring women who have reinvested and pushed the industry forward during challenging times. Bisnow is looking to recognize leaders across all sectors of the commercial real estate industry that are championing Southern California’s recovery.
Who You'll Network With: Owners, Developers, Investors, Architects, Construction, Designers, Brokers, Lawyers, Financial Institutions & Government Officials.
Why You Should Attend:
Bisnow Women Leading Real Estate events bring together the biggest power players in the industry to celebrate and honor the leading power players in Southern California's commercial real estate industry. Gain insight from some of the industry's top leaders on advancing Southern California's recovery and enhancing leadership opportunities for women in real estate.
Boyd The Broker addresses the NAR lawsuit by launching his new business model in real estate agency
Manhattan Beach, California, Nov. 13, 2023 (GLOBE NEWSWIRE) --
As a sign of strength during a time of uncertainty, a Manhattan Beach, CA broker with over $200 million in sales has chosen this unusual time to stand out amongst other Real Estate professionals and companies that are in turmoil.
The state of confusion is in regards to a lawsuit whose purpose is to make buyers pay their own real estate agent’s commissions. This has left agents and their clients unsure how this new real estate process will work.
Boyd’s business model of representing both buyer and seller in almost all of his transactions has always been a big hit with his clients. But others in the industry were always confused with its’ message. Until now.
Boyd The Broker’s simple approach to the real estate process seems to be built for this new real estate world created by this lawsuit. And he seems ready to take it on. By launching Boyd The Broker | Real Estate, a full service real estate company.
The new interactive website is www.boydthebroker.com . Boyd is available to provide commentary on the lawsuit and its impact on the local housing market. Please call or text him at 310-521-2902 for more information.
CONTACT: Boyd The Broker 1140 Highland Ave #215 Manhattan Beach California 90266 United States 310.521.2902 https://boydthebroker.com/
ANAHEIM, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Commercial property rates are expected to stabilize – aside from office space – and commercial real estate will revitalize, according to NAR Chief Economist Lawrence Yun.
# # #
Bisnow is proud to host Northern California's Annual Women Leading Real Estate Awards Ceremony. This event will bring together some of the industry's most powerful and influential women to honor them and their accomplishments and provide insight, networking, and resources for professional development. Join us in honoring women who have reinvested and pushed the industry forward during challenging times. Bisnow is looking to recognize leaders across all sectors of the commercial real estate industry that are championing Northern California's recovery.
Who You'll Network With: Owners, Developers, Investors, Architects, Construction, Designers, Brokers, Lawyers, Financial Institutions & Government Officials.
Why You Should Attend:
Bisnow Women Leading Real Estate events bring together the biggest power players in the industry to celebrate and honor the leading power players in Northern California's commercial real estate industry. Gain insight from some of the industry's top leaders on advancing Northern California's recovery and enhancing leadership opportunities for women in real estate.
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