California Real Estate Principles Chapter 14

A piece of lumber 1 inch thick and 12 inches by 12 inches in size contains

A: 1 board foot

All fees relating to licensing or transferring of title to mobile homes must be paid to the:

A: Department of Housing and Community Development.

Once a mobile home is converted to real property, title to the mobile home is transferred using a:

A: deed.

A real estate licensee can sell used mobile homes if the mobile home:

A: is registered with the state

Using the construction illustration in the book, starting from the ground and moving to the sole plate of a standard home, give the construction name for each item in the correct sequence.

Using the illustration in the book, starting with the ground and building up, a standard home has the footings, then the foundation, then the mudsill, then the floor joist, and finally the sole plate.

All things being equal, the least cost per square foot should be found in a:

D: two-story home

Second homes:

D: are usually purchased to enjoy, not as investments

As a real estate agent, you are attempting to convince a renter that buying a home makes more economic sense than renting. List five advantages of owning a home.

Advantages of owning your own home include appreciation potential, tax advantages, privacy and control, pride of ownership, and better access to credit.

The proper payment for the transfer fee for the sale of a mobile home must be made within

B: 10 days

The ownership of a mobile home is transferred by means of a:

B: Certificate of ownership

For income tax purposes, an owner of a second home who does not rent out the property is allowed to

B: Deduct property taxes and loan interest

Of the numerous roof styles, which of the following fits the description "All sides slope to eaves"?

B: Hip

An advantage of owning versus renting includes

B: control

In terms of complication, the most difficult tenant to evict is one located in a(n):

B: mobile home park

For a mobile home to be considered real estate, it must be

B: on a permanent foundation

What style of house fits the description "A two-story house with a front balcony"?

C: Monterey

The foundation of a standard built home sits on the:

C: footing

In the construction of a home, the horizontal board above a window is called a:

C: header

When you rent rather than own, you have the ability to move to another location quickly. This is called

C: mobility

The ultimate responsibility for the management of an entire condominium building after all the individual units have been sold rests with the:

C: owners' association

The highest point in a standard frame house is the:

C: ridge board

The advantage of owning versus renting a home includes

D: income tax deductions.

List the four conditions required in California to convert a mobile home to real property.

The four conditions are as folllows: (1) must obtain a building permit, (2) must be placed on a permanent foundation, (3) must obtain a certificate of occupancy, (4) must record a document stating that the mobile home is attached to a permanent foundation.