Ca Real Estate Exam- Practice

Grandfather clause {Ans: is a continuation of a non-conforming use}The new owner would probably prefer to have which items removed from his title report at the time of transfer {Ans: A mechanics lien}if the electrical was intalled by the son-in-law of the seller, and not to code and the buyer moves in, and after, the property catches on fire : {Ans: the real estate agent is innocent of any wrong doing}A principle may request an accounting from the real estate agent of his funds : {Ans: At any time}Metes and bounds represents {Ans: Metes are measures of length, inches, feet, yards and bounds are measures of boundaries, using, monuments or benchmarks nature or artificial}Owner Tesoro listed a valand with Broker Gonzalez for $124,200, Buyer Carter made and offer for $123,000 with a 3 days expiration date. The following date the seller counter back with a sales price of $123,600. When Broker Gonzales presented the counter offer to buyer Carter he rejected the conter offer. When Tesoro found out of Carters rejection the seller accepted Carter's previous offer of $123,000. Which of the following is true? {Ans: There is no contract}