Real Estate Principles Final Exam: Questions & Answers: Updated A+ Score Solution.

Which of the following is generally demanded in every sale of real property in California? {Ans: A policy of title insurance}An apartment building develops a net income of $15,000. If it were sold at a price based upon a capitalization rate of 8%, the selling price would be: {Ans: $187,500}Which of the following would not be classified as a specific lien? {Ans: Judgment}If a note in the amount of $22,250 specifies monthly payments over a period of 30 years at 6.6% interest per annum, what is the first month's interest payment? {Ans: $122.38}The California State Agency that governs the issuance of liquor licenses is the: {Ans: State Franchise Tax Board}An appraiser in analyzing the data for his final estimate of value on a property would give least consideration to: {Ans: The assessed value of the property}