The CE Shop » Sales License » CA Real Estate Principles Course » 2021

Question #1

What is the definition of a blanket encumbrance?

A. Both personal and real property are used as security for a loan

B. An encumbrance on subdivisions with an intended use for industrial textile factories

C. A security bond that protects against encumbrances to subdivided property

D. When more than one lot, unit, or interest in a subdivision is used to secure payment of a trust deed note or other lien of encumbrance

Question #2

Which act requires an environmental impact report before a subdivision may be approved?

A. CEQA

B. California Coastal Act

C. Grassland Protection Act

D. The Alquist-Priolo Act

Question #3

What type of encumbrance exists when one or more property in a subdivision is used to secure a loan?

A. Mechanic's lien

B. Easement by appurtenant

C. Judgment lien

D. Blanket encumbrance

Question #4

What does a D&R stand for when issued by the state real estate commissioner?

A. Demolition and Recovery

B. Desist and Refrain

C. Delivery and Research

D. Do Not Resuscitate