Gold Coast Final Exam 2024 |Question and Answer| 100% Correct

Gold Coast Final Exam 2024 |Question and Answer| 100% Correct Accretion *Ans* an increase in land area as moving water deposits soil actual notice *Ans* own it all real estate brokerage partnerships ... *Ans* must be registered with the DBPR an option is a unilateral contract that is binding to which party ? *Ans* optionor Assessor's Parcel Number *Ans* Court property appraisal office (ID# of parcel of land) assignment *Ans* the sale, transfer, or subrogation of rights in a contract Bill of Interpleader *Ans* broker doesn't claim any rights to the deposit under dispute blockbusting *Ans* Inducing owners to sell because of entry of minorities into neighborhoods certificate of eligibility *Ans* Evidence of VA approval of a qualified veteran for a VA loan Constructive notice *Ans* record something in public records contract for deed define *Ans* aka an agreement between a property owner & potential buyer in which the owner agrees to deliver a deed to the purchaser after certain conditions been met credit = get check debit = write check *Ans* Debit Seller/Credit Buyer *Ans* declaratory decree *Ans* A broker who feels he or she is entitled to some or all of earnest money deposit that is in dispute. The deposit would be turned over to the registry of the court pending a settlement. define gross lease *Ans* a lease in which the tenant agrees to pay a fixed rents amount and landlord pays all other expenses related to rent (residential) Define implied contract *Ans* exists when some or all of the terms and conditions can be assumed by the nature of the government define net lease *Ans* a lease in which the tenant pays a fixed rent plus all or a portion of the operating costs Define promissory note *Ans* evidences the debt, and states the interest rate, term, payment requirement, & other information related to that loan define real estate property taxes *Ans* property taxes define special assessment lien *Ans* for improvements; such as sidewalks, road paving, etc. Each township contains ____ acres *Ans* 640 acres Elective Share *Ans* Provision that gives a surviving spouse a share