RECA PRACTICE EXAM Questions With 100% Correct Answers

RECA PRACTICE EXAM Questions With 100% Correct Answers Meridians and ranges are - answer✔✔Longitudal lines condominium (condo) - answer✔✔form of ownership with the owners holding legal title to their own housing unit among many, with common grounds and facilities shared ownership cooperatives (co -ops) - answer✔✔-buildings owned by corporations with the resident s as shareholders who each receive a properietary lease on an individual unit and the right to use common areas Regarding condos - Individual owners have title to specific units in the complex. True or false - answer✔✔True Title Insurance - answer✔✔a type o f insurance that protects the lender and property owners from title fraud or forgery. Opt-out consent - answer✔✔An individual is given the option to decline consent. If the individual does not clearly decline consent, consent is granted Townships run - answer✔✔East and west A township is divided into how many sections? - answer✔✔36 - 1 mile by 1 mile Negative Consent - answer✔✔consent is assumed unless a person explicitly protests. express consent - answer✔✔an oral or written agreement - consent given speci fically Implied consent - answer✔✔An agreement based on the conduct and actions of the parties involved. It is not discussed but the actions show that agreement was implied Covenant (personal covenant) - answer✔✔