Real Estate Exam FL Sales Associate Correct 100%(Rated A)
Absentee Owner - ANSWER A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - ANSWER A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause - ANSWER A condition in a loan contract that permits the lender to require immediate repayment of the entire loan balance of the loan if the contract is breached or conditions for repayment occur, such as sale or demolition Acknowledgment - ANSWER A written declaration by a person signing a document, given before an officer authorized to give an oath (notary public), stating that the signing is the person's voluntary act Actual notice - ANSWER Giving oral or written notice, presenting a deed, giving verbal notice, or physically moving into a property
Document information
- Uploaded on
- November 3, 2023
- Number of pages
- 12
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
