All

Question 1

CA investigating agency for discrimination

Answer 1

department of fair employment and housing

Question 2

general duty to disclose which facts

Answer 2

material facts

Question 3

adverse affects action

Answer 3

conduct a visual inspection and write them on transfer disclosure statement. Sellers agent does this

Question 4

PETE

Answer 4

police, eminent domain, tax, escheat

Question 5

eminent domain

Answer 5

buy out your land for roads and other important stuff

Question 6

comdemnation

Answer 6

process of using eminent domain

Question 7

escheat

Answer 7

when owner dies and has no heirs to inherit, property goes to state

Question 8

common law

Answer 8

AKA english law - cases decided before a judge on precedent

Question 9

civil law

Answer 9

spanish - settle disputes with elaborate statutes to address issues in advance

Question 10

real property

Answer 10

a bundle of rights in a thing.

Question 11

profit a prandre

Answer 11

mineral rights owner, and service rights owner - two owners on one piece of land

Question 12

appurtenant

Answer 12

incidental - water rights, etc

Question 13

3 key water rights

Answer 13

right to use water, right to take water by appropriation, right to take water with prescriptive rights

Question 14

riparian rights

Answer 14

right to use water - surface water contiguous to land

Question 15

appropriation

Answer 15

diversion of water for reasonable use

Question 16

public trust doctrine

Answer 16

riparian, appropriation and prescriptive rights are subject to the states interest in conserving and regulating water use

Question 17

prescriptive rights

Answer 17

unreasonable easement for a period of 5 years

Question 18

crops that have already been sold are

Answer 18

personal property

Question 19

fixture

Answer 19

personal property that has become physically attached to RE

Question 20

MARIA

Answer 20

is it a fixture or reomvable? 
manner of attachment
agreement between parties
relationships of the parties
intention of the parties
adaptability of the attachment

Question 21

trade fixtures

Answer 21

personal property tenant takes away at end, cannot damage RE

Question 22

appurtenant easement

Answer 22

AKA incidental rights - owners right to use adjoining property, not on title. ex: road

Question 23

not owned until possessed

Answer 23

oil

Question 24

estate

Answer 24

ownership of leasehold interest a person may hold in real estate

Question 25

three categories of estates

Answer 25

fee, leasehold, life

Question 26

types of fee estates

Answer 26

fee simple, inheritance, perpetual, “the fee”

Question 27

types of leasehold estates

Answer 27

leaseholds, estates for years

Question 28

fee owner

Answer 28

can do anything you want with property

Question 29

DRE can do what

Answer 29

punish the broker for discrimination

Question 30

intentional or unintentional unlawful practices by an agent

Answer 30

implicit discriminatory practices

Question 31

is the broker responsible when their agent discriminaes

Answer 31

yes

Question 32

failure to provide financing in certain communities

Answer 32

redlining

Question 33

written notice at broker office, bank or other lender that shows they cannot descriminate (fed or state)

Answer 33

fair lending disclosure - state

Question 34

what is the maximum penalty for discrimination? how long does lender have to respond?

Answer 34

$1,000 - 30 days

Question 35

ECOA

Answer 35

federal - same discriminatory stuff

Question 36

HMDA - main issue it covers

Answer 36

redlining

Question 37

HMDA needs to be where

Answer 37

posted in lenders office for 5 years

Question 38

FFHA

Answer 38

federal fair housing act - advertising

Question 39

poster in office needed

Answer 39

fair housing aka equal opportunity

Question 40

broker agent employment agree

Answer 40

fee