Washington Fundamentals - 60 Hour Exam Prep
Which of the following wills may be considered invalid? - Answer- A will that is not signed The Quarry Mountain Subdivision requires all properties to have fences that are at least 8 feet tall surrounding each property. This is an example of - Answer- a deed restriction. The essential criteria for an acceptable legal description is that it - Answer- accurately locates the parcel in the opinion of a court. New broker Juliet has been assigned office duty for Saturday and Sunday. What is another common term for office duty? - Answer- Floor time In the appraisal process, looking at the number of recreational facilities, the distances to schools and adequacy of public transportation is called - Answer- neighborhood analysis. Alex's home has been on the market for eight months. What is the most likely reason Alex's home has not been sold yet? - Answer- The property is overpriced. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Answer- transferred a portion of his bundle of rights. One of the major considerations in a master plan is - Answer- the effect of new development on traffic patterns and the environment. On a $280,000 loan, the lender charges a 2 point service charge. How much does the borrower have to pay for just these two points? - Answer- $5,600
Document information
- Uploaded on
- November 12, 2023
- Number of pages
- 15
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
