RECA PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS, PASSED!!

A township is divided into how many sections? - 36 - 1 mile by 1 mile condominium (condo) - 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) - -buildings owned by corporations with the residents as shareholders who each receive a properietary lease on an individual unit and the right to use common areas Covenant (personal covenant) - express consent - an oral or written agreement - consent given specifically Implied consent - An agreement based on the conduct and actions of the parties involved. It is not discussed but the actions show that agreement was implied Meridians and ranges are - Longitudal lines Negative Consent - consent is assumed unless a person explicitly protests. Opt-out consent - An individual is given the option to decline consent. If the individual does not clearly decline consent, consent is granted Regarding condos- Individual owners have title to specific units in the complex. True or false - True Title Insurance - a type of insurance that protects the lender and property owners from title fraud or forgery.Townships run - East and west