California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and questions featuring hints and explanations. Get exam-ready!

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Regarding a "Blanket Trust Deed," which of the following statements is correct?

It covers more than just one property
It is typically used with a tract of homes built on speculation
It usually contains a "release clause" providing for release of a particular parcel upon the repayment of a specified portion of the loan
All of the above

The correct answer is: It covers more than just one property

A "Blanket Trust Deed" is a type of mortgage that covers more than one property. Option B is incorrect because it does not necessarily pertain to just a tract of homes. Option C is incorrect because it describes a "Release Clause," which is a separate concept from a blanket trust deed. Option D is incorrect because it includes options B and C, which are not necessarily true about blanket trust deeds. Option A is the best and most specific answer to the question as it accurately describes a key characteristic of a blanket trust deed.