91. Once an Abstract of Judgment is recorded, it becomes a general lien for a period of:

A. 2 years

B. 3 years

C. 5 years

D. 10 years

Answer: D. 10 years

92. If unpaid, a Mechanic’s Lien may be filed by:

A. Material suppliers

B. Laborers

C. Subcontractors

D. Any of the above

Answer: D. Any of the above

93. Which of the following would be an example of the exercise of police power?

A. Zoning restrictions

B. Rent control laws

C. Eminent domain proceedings

D. All of the above

Answer: D. All of the above

94. Anyone offering to sell parcels of land located in Arizona to residents of California must file with the:

A. Secretary of State

B. Department of Real Estate

C. Federal Trade Commission

D. Department of Corporations

Answer: B. Department of Real Estate

95. In the event a license is found guilty of violating the anti-discrimination regulations of the Real Estate Commissioner, the Commissioner may take which of the following legal actions against the licensee?

A. A suit for damages for incurred litigation expenses

B. Collect punitive damages

C. Revocation or suspension of the license

D. All of the above

Answer: C. Revocation or suspension of the license

96. The basic protection for the first trust deed holder when the property is also encumbered by a 2nd trust deed is:

A. The amount of the first trust deed

B. House equity

C. Mortgage insurance

D. Home warranty

Answer: C Mortgage insurance

Gemini says B. House equity (Note: The provided document answer is C, but house equity is the standard correct answer for basic protection.)

97. A contract between a seller of a home and real estate broker, whereby the seller agrees to pay the broker a commission if he procures a buyer “ready, willing and able” to buy and the broker agrees to use due diligences is called a:

A. Unilateral executory contract

B. Bilateral executory contract

C. Unilateral executed contract

D. Bilateral executed contract

Answer: B. Bilateral executory contract

98. Riparian rights is the right of the owner of land that borders a river to:

A. Take and use a reasonable amount of the water

B. Dam the river

C. Pollute the water

D. Cultivate the land bordering the river

Answer: A. Take and use a reasonable amount of the water

99. Which of the following terms best describes a money encumbrance:

A. Easement

B. Lien

C. Covenant or condition

D. Encroachment

Answer: B. Lien

100. Documentary Transfer Tax is based on purchase price less:

A. First Trust Deed

B. assumable loan

C. Junior loan

D. Finance charge

Answer: B. assumable loan