Aceable Agent: Real Estate Principles: Review Questions Study Guide Questions And Correct Answers

The first step in bringing about a trustee's sale is to prepare a. a declaration of default. b. a notice of levy. c. a request for notice. d. a notice of default. {Ans: A. A declaration of default}In California, the term real estate is a synonymous with a. land. b. fixtures. c. real property. d. personal property. {Ans: C. Real property}A veteran can be given a home loan on property owned by a. FHA. b. VA. c. CalVet. d. Fannie Mae. {Ans: C. CalVet}The point of beginning is used in a. the rectangular survey system. b. the metes and bounds system. c. the lot and block system. d. all legal descriptions. {Ans: B. Metes and bounds system}A subdivision consisting of individual ownership of airspace and areas owned in common is a. a planned development. b. a community apartment project. c. a condominium project. d. a stock cooperative project. {Ans: C. a condominium project}A person who dies without a will die a. testate. b. intestate. c. with an executor. d. in eminent domain. {Ans: B. Intestate}California has how many principal baselines California has how many principal baselines? a. One b. Two c. Three d. Four