45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 11 Unit 3 Exam

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Question #1
Brenda is working with the seller of a property that is a little run down, but has lots of potential. The seller is a widow who has decided to move. Her husband died in the home seven months ago of natural causes. Does Brenda need to advise her client that this fact should be disclosed?
A.   No, Brenda should tell her client not to tell prospective buyers about the death, even if asked
B.   Yes, because it happened fewer than three years ago
C.   Yes, a death on a property must always be disclosed, no matter when or how it happened
D.   No, because it happened more than six months ago
Question #2
Tom is acting as the listing agent for a property that has had a bit of a troubled past. Neighbors tell him gleefully that it’s famous for being haunted. He feels that buyers don’t need to know this, since he doesn’t believe in ghosts. Which of the following is true?
A.   Tom should not disclose the "haunting," but should warn potential buyers of the possibility that the neighbors may be crazy.
B.   Although Tom is not required to disclose this, he should do so if asked directly.
C.   Tom should disclose the possibility that the home is haunted.
D.   Tom is not required to disclose the rumor that the house is haunted unless he experiences a "haunting" himself.
Question #3
A _____________ is a defined area subject to a special tax that is used to develop or support infrastructure for the area.
A.   Community-Funded Mello-Roos Area
B.   Mello-Roos Infrastructure Funding Area
C.   Mello-Roos Community Tax Area
D.   Mello-Roos Community Facilities District
Question #4
Jan and Ken are purchasing a home on the edge of a suburban development. They chose the area because it was very near a more rural area, so they found it funny when the seller provided a _____________, as if they would not have already noticed the cows in a nearby pasture.
A.   Notice of Right to Farm
B.   Notice of Hazardous Gas
C.   Notice of Airport in Vicinity
D.   Notice of Mining Operation

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