Principles of Real Estate 1- Champions Quiz Questions With Complete Solutions

Contracts with a person who lacks mental capacity can be correct answer: either void or voidable Community property is a concept of correct answer: Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. correct answer: an agent will have the opportunity to sell their own listing. Oil and gas companies employ correct answer: a large number of individuals with a real estate background. The NFIP correct answer: offers flood insurance The NFIP offers flood insurance to correct answer: homeowners, renters, and business owners The vast majority of homes built in the United States are correct answer: site built. When a condominium is sold, three interests are created: correct answer: fee simple ownership of the unit, fee simple ownership in an undivided interest in the common areas, and an easement to the airspace occupied by the unit. The Bureau [CFPB] is responsible for enforcing correct answer: federal consumer financial law