Ca Real Estate Certification Exam Q&a Pdf

Leasehold estate {Ans: A leasehold estate means, "I rent the property." It is what we think of as "renting" or "leasing." There is usually a definite ending date. Sometimes, these are referred to as "less than freehold estates."}Offers & Contracts {Ans: Once an offer is signed, it must be communicated back to the person who made the offer (offeror) before it becomes a contract. An offer may be withdrawn prior to being accepted at any time! Once it is accepted, it is a contract between the parties.}Original Real Estate Salesperson License Requirements {Ans: A candidate for an original real estate salesperson license must be at least 18 years old; pass a written examination; provide Proof of Legal Presence in the United States and disclose any criminal violation or disciplinary action. Applicants who seek to obtain a 4-year salesperson license must complete the college-level Real Estate Principles course, the Real Estate Practice course, and one additional required college-level course.}Bequest {Ans: The transfer of personal property through a will}Deed vs title {Ans: A deed is not a title but it IS evidence of title}There are five ways to acquire or transfer property {Ans: 1. Will 2.