Property Ownership and Land Use Practice Question

Question

A license applicant is studying a California practice scenario involving water rights. The parties need a practical answer before moving forward. Which answer best applies the rule? (Item 140)

Answer choices

1. A. It is valid only when the buyer pays cash and no lender is involved.
2. B. It prevents any later disclosure, even when new facts become known.
3. C. It applies only to commercial property and never to residential transactions.
4. D. Recognize California water rights concepts at a high level for riparian and appropriative uses.

Correct Answer

D. Recognize California water rights concepts at a high level for riparian and appropriative uses.

Explanation

The correct answer is D because water rights requires candidates to recognize California water rights concepts at a high level for riparian and appropriative uses. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.

Question details

• Difficulty: hard
• Domain: Property Ownership and Land Use
• Objective: water rights

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