money and executed a deed of trust against the property. debt is paid.
In terms of affecting title this action could:
Joint tenant estate held by two joint tenants is severed and A foreclosure by one of the joint tenants. One of the joint tenants transfers his
ended by the following: interest to a third party. One of the joint tenants sell his interest.
A man owns six seperate parcels of real property. He A blanket mortgage
wants to offer all of the parcels as security for a mortgage
loan. The mortgage that he will obtain will probably be?
All of the following acts of one joint tenant terminates a Mortgages his or her share
joint tenancy except when the joint tenant:
Avulsion Is the sudden tearing away of land by the the action of water
When appraising a home build in 1910 the appraiser must Today's cost and today's reproduct ion cost
use:
The appraiser gives an 30 year old home a rating of 6 Effective age
years is called:
a home painted in 1972, even if the seller repainted cancel the transaction.
the property a lead based paint booklet is required,
if not, the ommission allows the buyer to:
Not funtional obsolescense - Proximity of nuisances
Intestate means: Someone that left no will
A principle may request an accounting from the real estate At any time
agent of his funds :
The seller's responsibility is to transfer the property: Free and clear
When compare to real estate, stocks and bonds are: More liquid
Which of the following are liens? Incometax
Judgements
Attachment
subagents: They work for the seller
, If a builder pays $35 an hour to a hostess, to perform an a license is required to answer questions
open
house, to answer questions:
Who must disclose Mello Seller (OWNER)
if the electrical was intalled by the son-in-law of the seller, the real estate agent is innocent of any wrong doing
and not to code and the buyer moves in, and after, the
property catches on fire :
Miles sold a home to North with the help of Olsten, if the Fraud
buyer (North) finds out that something was not properly
disclose by Miles and Olsten, this is called:
Logan sold a home to Hughes, if Hughes backs out: Logan can sue for a specific performance
A buyer pays for which of the following? Escrow, Title, Insurance
The granting of doing business or to sell a product under a Franchise
name with restrictions from the grantor is called:
Agents may get sued for: Any Wrong doing
A person who is delegated in an intrument to legally do Attorney in fact
something for another person in his stead is called
The terms of exclusive right to sell listing are The exact requirements of the sellers instructions
An advertisement to lease properties only to married Illegal
couple is
The offers must be presented: even if they are oral and in writing
Intangible personal property: is not taxible
The real estate commissioner" Promulgates the real estate law
Unemployment: Does not affect the interest rates directly