Ch 15 CA RE Practice Flashcards
1
Q
Owner moved out and wants to sell it. There is a squatter. What’s the process to get rid of the squatter?
A
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.
2
Q
An estate from year to year is also known as a…? ATenancy at will BEstate at sufferance CEstate for years DPeriodic tenancy
A
DPeriodic tenancy
3
Q
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
A
BAssignment
4
Q
An estate from year to year automatically renews…?
AT (True)
BF (False)
A
T (True)
5
Q
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
A
A Gross lease
6
Q
A gross lease is also known as a…? AGradual lease BGround lease CFixed lease DPercentage lease
A
C Fixed lease
7
Q
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
A
D Graduated lease
8
Q
The Certified Property Manager designation was developed by the…? ANCARB BLEAD CCAR DIREM
A
D IREM
9
Q
Which of the following is a protected class under the fair housing laws…? AOccupation BFamilial status CIncome DAncestry
A
Ancestry
