Compucram Simulated Exam | 295 Questions with 100% Correct Answers | Updated & Verified | 39 Pages

When selling an individual condominium unit which of the following would be appurtenant to the unit? - Cabinets in the unit Bob and Jerry take title together. Bob owns one half and Jerry owns one half of the same property. What form of co-ownership does the law presume? - Tenancy in common Owner's title insurance will cover: - Damages if the title is unmarketable When a city buys real estate they would take title as: - Sole and separate Developer George purchased 5 acres of residential land on the edge of town with frontage on the main highway. When the zoning board and city council refused to rezone the property to accommodate a commercial development, George sued for the value that he would have received had the land been rezoned to a higher classification. This type of legal challenge is known as: - Inverse condemnation An instrument that conveys a grantor's interest is called a: - Deed When the appraiser looks at the home Sandy has just purchased, he notices it has a fireplace and the comparable homes do not. He makes a $3,000 upward adjustment on his sales comparison