Ch 15 CA RE Practice

Question 1

Owner moved out and wants to sell it. There is a squatter. What’s the process to get rid of the squatter?

Answer 1

You call the police officer but cannot evict them. Go file a petition, get a notice to serve them, go to court date, and have judge grant the notice to evict.

Question 2

An estate from year to year is also known as a…?
ATenancy at will
BEstate at sufferance
CEstate for years
DPeriodic tenancy

Answer 2

DPeriodic tenancy

Question 3

A transfer of benefits and obligations within a contract to a 3rd party who is not originally a party to the contract is known as a…?
ANovation
BAssignment
CRescission
DSublease

Answer 3

BAssignment

Question 4

An estate from year to year automatically renews…?
AT (True)
BF (False)

Answer 4

T (True)

Question 5

A lease in which the lessor pays all costs of operating and maintaining the property and real property taxes is known as a…?
AGross lease
BNet lease
CPercentage lease
DGround lease

Answer 5

A Gross lease

Question 6

A gross lease is also known as a…?
AGradual lease
BGround lease
CFixed lease
DPercentage lease

Answer 6

C Fixed lease

Question 7

A lease which provides for a varying rental rate, often based upon future determination, is known as a…?
AFixed lease
BGross lease
CStraight lease
DGraduated lease

Answer 7

D Graduated lease

Question 8

The Certified Property Manager designation was developed by the…?
ANCARB
BLEAD
CCAR
DIREM

Answer 8

D IREM

Question 9

Which of the following is a protected class under the fair housing laws…?
AOccupation
BFamilial status
CIncome
DAncestry

Answer 9

Ancestry