Gold Coast Final Exam Questions and
Answers
1.actual notice
Answer own it
2.Constructive notice
Answer record something in public records
3.How Is Real Estate Recovery Funded ?
Answer by fees & fines
4.Eminent Domain
Answer government has right to take away public use citizens can't
refuse to sell)
5.immune properties
Answer government owned
6.lot & block
Answer residential sub-division surgery system
7.Metes and Bounds
Answer oldest method of land description & provides the most
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12
, accurate type of legal descriptions
8.What does the Real estate recovery fund do ?
Answer reimburse members of the public
9.what is a township...
Answer a township is 6 miles square contains 36 square miles
10.Each township contains acres
Answer 640 acres
11.How many square feet are in an acre?
Answer 43,560
12.kickbacks are illegal unless..
Answer someone has a licensed
13.Offer and Acceptance
Answer Meeting of the minds or mutual agreement- all parties
concerned understand and agree to all the terms of the contract
14.Overimprovement
Answer An addition or change to property not in line with its highest
and best use
2/
12
Answers
1.actual notice
Answer own it
2.Constructive notice
Answer record something in public records
3.How Is Real Estate Recovery Funded ?
Answer by fees & fines
4.Eminent Domain
Answer government has right to take away public use citizens can't
refuse to sell)
5.immune properties
Answer government owned
6.lot & block
Answer residential sub-division surgery system
7.Metes and Bounds
Answer oldest method of land description & provides the most
1/
12
, accurate type of legal descriptions
8.What does the Real estate recovery fund do ?
Answer reimburse members of the public
9.what is a township...
Answer a township is 6 miles square contains 36 square miles
10.Each township contains acres
Answer 640 acres
11.How many square feet are in an acre?
Answer 43,560
12.kickbacks are illegal unless..
Answer someone has a licensed
13.Offer and Acceptance
Answer Meeting of the minds or mutual agreement- all parties
concerned understand and agree to all the terms of the contract
14.Overimprovement
Answer An addition or change to property not in line with its highest
and best use
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12
