Ca Real Estate Principles Practice Exam 1 Questions And Answers

18 of 50 - Which of the following parties are not exempt from the licensing requirements in California? A. Cemetery Authorities B. Licensed Personal Property Brokers C. Off-Site Property Managers D. Short-Term Vacation Rental Agents {Ans: C. Off-Site Property Managers}42 of 50 - What is the major difference between an Estate for Years and an Estate from Period to Period? A. The major difference is: in an Estate for Year, the tenant must give notice to vacate whereas in an Estate from Period to Period, there is no need to give any notice. B. The major difference is: in an Estate from Period to Period, the tenant must give notice to vacate whereas in an Estate for Years, there is no need to give any notice. C. The major difference is: in an Estate for Years, it is used exclusively for commercial leases. D. There are no major differences between the two. {Ans: B. The major difference is: in an Estate from Period to Period, the tenant must give notice to vacate whereas in an Estate for Years, there is no need to give any notice.}49 of 50 - Wallace and Melissa live in a small rural community