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Exam Code : CA-Real-Estate
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Buyer Baker bought a farm. At the time of the purchase, the seller Sampson was growing corn on the north 40 acres of the farm. Sampson intended to harvest the corn before the close of escrow, but never got around to it. No mention was made of the corn in the sales agreement and/or escrow instructions. Escrow has now closed, Buyer Baker is in possession and it is time to harvest the corn. Who gets to harvest the corn?

  1. The buyer would have the right to harvest the corn because he always intended to do so;

  2. The buyer would get to harvest the corn because it goes with the land and is considered real property.

  3. The buyer would get to harvest the corn because of his equity in the corn;

  4. The seller would get to harvest the corn because the corn is his personal property and was not mentioned in the sales agreement.

Answer: D


Who signs the promissory note and mortgage?

  1. Mortgagor;

  2. Mortgagee;

  3. Lender;

  4. Beneficiary.

Answer: A


When calculating the Consumer Price Index (CPI), housing expenses is one of the largest denominators because

  1. CPI is based upon all consumer purchases;

  2. More people buy homes than buy businesses;

  3. Housing impacts economy;

  4. Housing is one of the largest expenses for consumers.

Answer: D


As used in real estate practices, the land of a riparian owner borders on:

  1. A river;

  2. A stream;

  3. A watercourse;

  4. Any of the above.

Answer: D


When four people own property as joint tenants:

  1. They may hold unequal interests in the property;

  2. There is still only one title to the whole property;

  3. If one of the owners dies, her heirs become tenants in common with the surviving co- owners as tenants in common;

  4. Each owner has a separate legal title to his undivided interest in the property.

Answer: B


A seller is required to deliver the Homeowner's Guide to Earthquake Safety to the buyer of any one-to-four unit residential properties built prior to:

  1. 1960

  2. 1960

  3. 1975

Answer: B


A bona fide listing to sell real property must contain:

  1. Consideration, mutual consent, competent parties, and writing;

  2. Consideration, mutual consent, capable parties expressed time element and price;

  3. Capable parties, mutual consent, lawful object, consideration, and be in writing;

  4. Consideration, price, lawful object, competent parties, and legally sufficient writing.

Answer: C


A contractor obtains a construction loan, and the loan funds are to be released in a series of progress payments. Most lenders disburse the last payment when the:

  1. Building is completed;

  2. Notice of completion is filed;

  3. Buyer approves the construction;

  4. Period to file a mechanic's lien has expired.

Answer: D


Which of the following represents an example of police power?

  1. CC&Rs placed in a deed by a developer;

  2. Enforcement of contracts by equitable civil proceedings in court;

  3. Zoning laws which restrict and limit the use of land.

Answer: D


Gross leases are most often used with:

  1. Residential property;

  2. Retail space;

  3. Office space;

  4. Shopping malls.

Answer: A

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Bruce Isackson, sixty one, and his spouse, Davina Isackson, 55, were among 33 fogeys charged in the big Operation Varsity Blues school admissions case federal prosecutors in Boston introduced March 12. they're amongst 14 who had agreed final month to plead responsible. The couple may be sentenced to reformatory. “i'm definitely guilty of the offenses,” Bruce Isackson pointed out in a signed plea contract April 7. U.S. District court Chief judge Patti B. Saris scheduled sentencing for July 31. Prosecutors in March charged 50 people in the big case established round Southern California faculty admissions consultant William “Rick” Singer, who pleaded responsible March 12 and has cooperated with investigators. he is to be sentenced June 19. among the accused folks are two Hollywood actresses and wealthy enterprise individuals from Silicon Valley and across the nation. Prosecutors allege they paid Singer to have proxies boost their children’s ratings on faculty entrance exams or to bribe college coaches to recommend them as athletic recruits with falsified sports profiles. The fogeys’ funds have been disguised as contributions to Singer’s purported charity, the important thing global groundwork. The scandal worried most of the nation’s accurate colleges, including the university of Southern California, Yale, Georgetown, the school of California, los angeles and Stanford, where head sailing educate John Vandemoer pleaded responsible within the case in March and was fired. Stanford stated Vandemoer took bribes totaling $770,000. That protected $one hundred sixty,000 and $110,000 to advocate two scholar candidates for admission via his sailing software who didn’t sign up. An further $500,000 got here on behalf of a 3rd student who already had been admitted with out affiliation with the crusing application. The institution pointed out ultimate month it expelled that scholar after concluding “some of the material in the student’s application is false.” On Wednesday, the la instances reported that a chinese language family had paid Singer $6.5 million to cozy their daughter’s admission to Stanford in 2017 as a purported member of the sailing crew, citing most effective “individuals conventional with the matter.” That could be the highest quantity frequent to have been paid for any single pupil. Stanford, citing privateness legal guidelines, would no longer make clear no matter if that become the identical student the tuition had expelled or an additional pupil. “Stanford didn't get hold of $6.5 million from Singer, or from a student’s family working with Singer,” the institution spoke of in a statement Wednesday. “Stanford turned into not aware of this reported $6.5 million charge from the household to Singer until nowadays’s news reports… We have no idea even if any of the $770,000 changed into a part of the $6.5 million reportedly given to Singer.” Prosecutors stated the Isacksons agreed to pay Singer $600,000 in a scheme to falsify their older daughter’s software as a soccer recruit to the UCLA, and their more youthful daughter’s software as a rowing recruit to the USC. They also paid to falsify the more youthful daughter’s ACT check ranking. each daughters had been admitted to the colleges. The couple additionally mentioned an analogous scheme for a 3rd newborn. None of their little ones were charged in the case. Prosecutors charged the couple with underpaying their federal earnings taxes through deducting funds as purported charitable contributions that went towards bribing coaches to designate their daughters as athletic recruits. in response to courtroom files, the older daughter become admitted to UCLA in 2016 after a former educate at USC, Ali Kosroshahin, where she at first had applied, submitted a “falsified soccer profile” on her behalf to UCLA instruct Jorge Salcedo. That summer, Bruce Isackson transferred $251,249 value of fb inventory to Singer’s foundation, which in flip paid $100,000 to UCLA educate Salcedo’s activities marketing enterprise and $25,000 to former USC instruct Kosroshahin. both coaches have pleaded no longer guilty in the case. Davina Isackson thanked Singer for his “creativity” in assisting their daughter. court docket documents spoke of that in 2017, a Singer affiliate traveled from Florida to Southern California to repair the younger Isackson daughter’s ACT rating, giving her a 31 out of 36. Bruce Isackson transferred $one hundred and one,272 price of stock to Singer’s groundwork, which paid $15,600 to the affiliate who participated within the verify cheating. That fall, a former USC affiliate athletic director, Donna Heinel, allegedly used the younger daughter’s fraudulent ACT rating and rowing profile to suggest her as a rowing recruit. After she turned into admitted in 2018, Bruce Isackson transferred $249,420 worth of inventory to Singer’s groundwork, which in turn began sending Heinel $20,000 month-to-month payments. Heinel has pleaded no longer guilty in the case. In recorded conversations in October 2018, Singer told the Isacksons his basis changed into being audited and that he desired to align their story that the “600K-plus has basically gone to pay for — paid to our groundwork for underserved children.” Bruce Isackson mentioned he took a tax write off for the charitable contribution. In an extra recorded conversation in December, Bruce Isackson instructed Singer he involved about getting caught. “Oh my God, it will just be — yeah. Ugh,” Bruce Isackson talked about, suggesting their future transactions should still be in cash. The Isacksons advised the courtroom on April eight that they would plead responsible. The can charge that each pleaded responsible to Wednesday — conspiracy to commit mail fraud and sincere capabilities mail fraud — consists of a optimum sentence of twenty years in jail. Bruce Isackson also pleaded responsible to funds laundering conspiracy, punishable by way of up to 20 years, and conspiracy to defraud the IRS, for which he could withstand five years. Prosecutors are expected to suggest greater lenient sentences in alternate for the couple’s cooperation. USC and UCLA would not discuss particular person students’ cases, citing student privacy laws, however observed commonly they're investigating the circumstances of children whose fogeys are charged in the case and that they may face expulsion. UCLA referred to after the case was introduced that it had put educate Salcedo on go away and “is not privy to any existing scholar-athletes who are below suspicion.” Whilst it is very hard task to choose reliable exam questions / answers resources regarding review, reputation and validity because people get ripoff due to choosing incorrect service. 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