California Real Estate Principles - Questions And Answers Fully Solved 2023

(2) 6. Real property is NOT a. land b. real estate c. appurtenances to land d. movable {Ans: movable}(9) 14. CalVet loans are NOT available for a. single family homes b. manufactured homes c. working farms d. commercial property {Ans: commercial property}(13) 15. The upper limit of a property's value usually is determined by the a. market comparison approach b. cost approach c. income approach d. sales comparison approach {Ans: cost approach}(7) 5. Can broker Bob enforce an oral listing agreement for his neighbor's home a. Yes b. No c. Possibly d. Only if he did not have a contract form handy {Ans: No}What year did California become a state? {Ans: 1850}(13) 16. Vacancy and collection losses are subtracted from potential gross income to derive a. net operating income b. gross operating income c. effective gross income d. capitalization rate {Ans: effective gross income}