Ca Real Estate State Exam Crash Course Pdf

"The personal, revocable, and unassignable permission of authority to do one or more acts on the land of another without possessing any interest therein," is a definition of: A - none of these B - a lien C - an option D - a license {Ans: D - a license}How would the Real Estate Commissioner cancel the approval of a new subdivision? A - Issue a desist and refrain order B - Have the local mayor cancel and rescind the approval C - Send a letter to the developer asking them to stop building and refund the owners from the Recovery Account D - Ask the attorney general to rescind and cancel the approval {Ans: A - Issue a desist and refrain order Answer Feedback: If the Commissioner wants to rescind the approval of a subdivision, they would send a desist and refrain order to stop the developers.}Which is the best group of characteristics to assess the value of a parcel of real property? A - utility, transferability, scarcity, conformity B - utility, regression, scarcity, demand C - value, transferability, scarcity, demand D - utility, transferability, scarcity, demand {Ans: D - utility, transferability, scarcity, demand Answer Feedback: