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

Question #1

What is the definition of a blanket encumbrance?

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

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

C. 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

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

Question #2

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

A. CEQA

B. The Alquist-Priolo Act

C. Grassland Protection Act

D. California Coastal Act

Question #3

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

A. Easement by appurtenant

B. Blanket encumbrance

C. Mechanic's lien

D. Judgment lien

Question #4

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

A. Delivery and Research

B. Demolition and Recovery

C. Do Not Resuscitate

D. Desist and Refrain