CA RE Practice 2023 Exam Questions And AnswersAlready rated A+
A violation of a condition is more severe than a covenant and might result in the loss of title. - ANSWERSWhich of the following statements regarding deed restrictions is TRUE? Continue with the escrow - ANSWERSShortly after a valid escrow is established, both the buyer and seller die. What should the escrow agent do? 3 days - ANSWERSA buyer signs the purchase agreement and the seller accepts. The agent personally delivers acceptance of the offer to the buyer and also drops off the seller's Transfer Disclosure Statement. How long after receiving the TDS does the buyer have to rescind the contract? use the property - ANSWERSTo obtain an easement by prescription, one must: See if soil must be exported or imported - ANSWERSAll of the following are reasons to conduct a soil study EXCEPT: 51 years. - ANSWERSThe maximum duration of an agricultural lease is: the floor for prices. - ANSWERSOffers to purchase by prospective buyers will tend to set: Loan-to-Value Ratio (LTV) - ANSWERSThe ratio of a loan's principal to the property's appraised value is called the: encumbrance. - ANSWERSIf land has a servient tenement, it has a(n): his/her contribution to the firm. - ANSWERSThe liability of a limited partner for business
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