Property Ownership and Land Use Practice Question

Question

A property manager is preparing a written response involving escheat. The parties need a practical answer before moving forward. Which answer best applies the rule? (Item 15)

Answer choices

1. A. It makes oral promises enforceable in every real estate transaction.
2. B. It is optional whenever both parties verbally agree to proceed.
3. C. Identify state acquisition when an owner dies without heirs or a valid will.
4. D. It allows a salesperson to act independently of the responsible broker.

Correct Answer

C. Identify state acquisition when an owner dies without heirs or a valid will.

Explanation

The correct answer is C because escheat requires candidates to identify state acquisition when an owner dies without heirs or a valid will. 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: medium
• Domain: Property Ownership and Land Use
• Objective: escheat

Practice more

Start Property Ownership and Land Use practice

Back to Property Ownership and Land Use