RECA PRACTICE EXAM QUESTIONS and answers 2023/2024

RECA PRACTICE EXAM QUESTIONS and answers 2023Meridians and ranges are - correct answer Longitudal lines condominium (condo) - correct answer 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) - correct answer -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 Regarding condos- Individual owners have title to specific units in the complex. True or false - correct answer True Title Insurance - correct answer a type of insurance that protects the lender and property owners from title fraud or forgery. Opt-out consent - correct answer An individual is given the option to decline consent. If the individual does not clearly decline consent, consent is granted Townships run - correct answer East and west A township is divided into how many sections? - correct answer 36 - 1 mile by 1 mile Negative Consent - correct answer consent is assumed unless a person explicitly protests. express consent - correct answer an oral or written agreement - consent given specifically Implied consent - correct answer An agreement based on the conduct and actions of the parties involved. It is not discussed but the actions show that agreement was implied