67 terms, grouped by the area that tests them

The gradual deposit of soil along a watercourse, adding to the owner's land.

A fee collected before services are rendered for promoting the sale or lease of property.

Acquiring title by open, notorious, hostile, continuous possession under a claim of right for five years, while paying the property taxes.

The statutory three-step sequence: disclose the nature of agency relationships, elect the agency provided, confirm the election in the contract.

California law prohibiting construction of structures for human occupancy across the trace of an active fault.

California rules barring a lender from pursuing a borrower for the shortfall after foreclosure in defined circumstances.

The California rules capping commissions and costs a broker may charge on certain broker-arranged loans.

Inducing owners to sell by representing that people of a protected class are moving into the area.

The rate of return used to convert net operating income into value.

Mixing a client's trust funds with the broker's own funds.

Property acquired by a married person during marriage other than by gift, bequest, devise or descent.

Using trust funds for a purpose other than the one for which they were entrusted.

The three-party security instrument that dominates California lending, allowing a non-judicial trustee's sale.

A county tax of $0.55 per $500 of consideration, equal to $1.10 per $1,000.

One broker representing both buyer and seller in the same transaction.

A loan provision letting the lender call the entire balance due on sale or transfer of the property.

A non-possessory right to use another's land for a specified purpose.

The government power to take private property for public use on payment of just compensation.

Any claim, lien, charge or liability attached to and binding on real property.

A neutral third party holding funds and documents until every condition of the transaction is met.

Loss in value caused by something outside the property lines, always incurable.

The duty of trust and confidence an agent owes a principal.

Personal property attached to real property in a way that makes it part of the realty.

Loss in value from a defect inside the property boundary, such as an outdated floor plan.

An agent with ongoing authority across a continuing series of transactions within a defined scope.

The standard California deed, carrying two implied warranties.

Sale price divided by gross income, used as a quick comparison measure.

The legally permissible, physically possible, financially feasible use that produces the highest value.

Pledging property as security for a debt without giving up possession of it.

Co-ownership in equal shares with right of survivorship, requiring the four unities of time, title, interest and possession.

A contract clause fixing in advance the amount recoverable on breach.

The most probable price a property should bring in a competitive and open market, with buyer and seller each acting prudently and neither under duress.

A fact that would affect a reasonable buyer's decision to buy or the price they would pay.

A lien securing payment for labour or materials furnished to improve real property.

A special tax levied in a Community Facilities District to fund infrastructure, sitting on top of the Proposition 13 base rate.

The form disclosing whether a property sits in any of six mapped statutory hazard zones.

Effective gross income less operating expenses, before debt service and before depreciation.

Substituting a new party or a new obligation, releasing the original party from liability.

A unilateral contract giving the holder the right, but not the obligation, to buy on stated terms during a stated period.

An agency arising from conduct that leads a third party reasonably to believe someone is an agent, with no written agreement.

The government power to regulate land use for public health, safety, morals and general welfare, without compensation.

An offer to issue a title policy on stated terms. It is expressly not an abstract of title.

The value of a superior property is dragged down by inferior surrounding properties.

The maximum value of a property tends to be set by the cost of acquiring an equally desirable substitute.

The court process by which a competing buyer may outbid an accepted offer at a confirmation hearing.

The broker whose continuous efforts set in motion the chain of events resulting in the sale.

The 1978 measure fixing the base property tax rate at 1% of assessed value and capping annual growth in assessed value at 2%.

A fund of last resort paying consumers who hold an uncollectable judgment against a licensee for fraud, misrepresentation, deceit or conversion of trust funds.

A physical change to premises that a landlord must permit for a person with a disability, normally at the tenant's expense.

Entering a document in the county public record, giving constructive notice and establishing priority.

Refusing to lend, or to insure, in a geographic area because of the racial or ethnic composition of that area.

Water rights belonging to land bordering a flowing watercourse such as a river or stream.

The federal law requiring mortgage loan originators to be licensed or registered through the NMLS with a unique identifier.

A listing provision entitling the broker to a commission if the property sells after expiry to a buyer the broker introduced.

A deferral of capital gain tax when investment or business real property is exchanged for like-kind real property.

A court order compelling a party to complete the contract rather than pay damages.

The rule requiring certain contracts to be in writing to be enforceable.

Directing prospective buyers toward or away from neighbourhoods based on a protected characteristic.

Property affected by an event, such as a death, that has no physical effect on the structure.

The local physical control over how land is divided, administered by cities and counties.

A provision letting an existing lien voluntarily take a lower priority than a later one.

Co-ownership with no right of survivorship, permitting unequal shares.

An indemnity policy protecting against loss from defects in title.

The statutory form on which a seller of one to four residential units discloses the property's known condition.

Money or other things of value received by a broker on behalf of another person in a transaction requiring a real estate licence.

Administrative permission to deviate from a zoning requirement because of a hardship unique to the parcel.

A void contract never had legal effect. A voidable contract is valid until the party with the power to escape elects to disaffirm it.