The CE Shop » Sales License » 45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021

Question #1

A homebuyer in California learns the home is subject to a Mello-Roos assessment. What does this mean?

A. The property tax is not restricted by the normal base value limits.

B. The buyer will pay an additional transfer tax at closing.

C. The property is located in a community that has funded improvements with a voter-approved bond.

D. The property is located in a community that has a homeowners association.

Question #2

Sellers of single to four-family dwellings must disclose _________.

A. average utilities

B. Mello-Roos

C. pet damage

D. unpaid taxes

Question #3

Which statute was enacted in 1885 and had provisions for the addition of sewers and finishing of street surfaces?

A. Mello-Roos

B. Vrooman Street Act

C. The Improvement Bond Act

D. Street Improvement Act

Question #4

What’s NOT true about the Mello-Roos Community Facilities Act?

A. It uses a voter-approved bond to fund services and facilities for the community.

B. It allows communities to fund general improvements.

C. A Community Facilities District must be designated.

D. Property owners pay this assessment as a separate ad valorem tax.