ch 14&15

all registration fees on the transfer of title to a mobile home must be paid within

10 days

the fine for an unlicensed person who receives an illegal commission is

20,000

after first obtaining a real estate sales license, said licensee must take how many DRE core three hour approved continuing education course in order to renew their license

5

instead of buying a vacation home, many people buy

RV's, Time shares, and Undivided interest in recreational developments

members of the national association of real estate brokers are called

Realtists

when a builder purchases lumber, he or she dose so by the board foot. Which of these contain 8 board feet.

a 2" x 4" board 12 feet long

who needs a real estate license

a full service service property manager

under certain conditions, a corporation can be licensed as a real estate broker. which of the following is one of those conditions.

a principal officer of the corporation must be licensed as a broker

the real estate commissioners regulations apply to

all California real estate licensees

A statement that shows the financial position of a business as of a certain date is called

balance sheet

the real estate commissioner has the right to issue regulations for the interpretation of real estate law. these regulations

both have the same force and effect as real estate law and become part of the California administrative code are correct

for a mobile home to be legally considered real property, it must

both rest on a permanent foundation and be certified by a property government agency to insure building permits are correct

in periods of long-term inflation, most real estate economists advise people who are interested in owning a home to

buy now

what is not a factor to consider when determining investment potential

carpet quality

title to a mobile home is transferred by use of a

certificated of ownership

which of the following is a license issued by the California Real Estate Commissioner

corporate real estate license

short vertical pieces of 2 x 4 above an opening are called

cripples

a real estate licensee can sell used mobile homes provided the mobile homes have been registered with the

department of housing and community development

in order to protect a building from seepage of water to the inside, around chimneys, and in the valley of the room, builders use what is know as

flashing

a real estate licensee should have a basic understanding of construction terms. one thing he or she should know is that the foundation of a standard built home rest upon the

footing

a footing is what the

foundation sets upon

which of the following roof style is best described as a pitched roof sloping from two sides with the sides meeting at the top

gable roof

in a business opportunity sale, the payment for continued patronage is called

goodwill

a candidate for the real estate broker's examination must

have completed 8 college level real estate courses

in the construction of a farm house, the short horizontal 2" X 4" boards above a window opening are commonly called a lintel or a

header

regarding the financing of a mobile home purchase

interest rates usually less favorable then conventional homes

in California, the majority of the laws that regulate the real estate industry originate from

legislation passed by the California legislature

before building on a rood to a home in a suburban area, a builder must obtain a building permit from the

local building department

the advantage of renting something outweigh the advantages of buying. for instance, when renting you can move more easily if the occasion requires. this advantage is know in the real estate as

mobility

one architectural design of a home is a one store structure with a low pitched roof and a ground hugging floor plan. this best describes what type of home

modern or contemporary

regarding a second home

mortgage interest is deductible to the extent allowed by law

the trade name realist designates a member of the

national association of real estate brokers

commission rates for real estate agents are established by

negotiations

what portion of the building do the upright beams, know as studs, rest upon

sole plate

the rental operation of a mobile home park is within the jurisdiction of the

state department of housing and community development

a real estate license can be suspended if an agent knowingly acts as the sales broker for a

stolen mobile home

a mobile home part, consisting of five or more lots, is considered a

subdivision

before purchasing a house, a person must decide whether to rent of buy. in considering the pros and cons, which would be considered an advantage of owning rather then renting

tax deductions, possible appreciation, control

before major remodeling of the interior of a home, structural care must be given in regards to

the bearing wall

which of the following regarding mobile homes is true

they usually depreciate more rapidly then a conventional home

one advantage a two story home has over a one story home is

usually less cost per square foot to build