Superior Exam - 3-24-23| Questions and Answers, 100% Verified| 2024

Superior Exam - 3-24-23| Questions and Answers, 100% Verified| 2024 Condemnation and escheat are examples of which of the following types of property transfer? voluntary alienation involuntary alienation transfer of title by descent transfer of title through foreclosure involuntary alienation Without an agreement to the contrary, when a leased property is sold, the lease is binding on the new owner. is in breach and can be voided by the tenant. is canceled effective the date of title transfer. may be terminated at the discretion of the new owner. is binding on the new owner. Which of the following terms BEST describes a court order that forces the parties to fulfill obligations they promised in a real estate contract? subpoena lis pendens constructive notice specific performance specific performance Under which of the following circumstances is an agency relationship created through a listing agreement terminated without liability for either party? contract neglect contract expiration unilateral revocation by the principal a title search discovers the seller has unmarketable title contract expiration When performing an appraisal report, what is the very last step taken by the appraiser when bringing different appraisal approaches together in order to reach a final opinion of value? contribution substitution reconciliation adjustment reconciliation Which appraisal approach is an appraiser MOST likely to use when appraising a 20-year-old home in a residential neighborhood? capitalization approach market data approach income approach cost approach market data approach A squatter has been living on and farming a small, remote section of a very large property. The property owner receives notice that the squatter wants to claim title to the cultivated section. Which of the following statements about this situation is CORRECT?