FREC exam
eminent domain - correct answer take private property for public use
condemnation - correct answer compensation
Inverse Condemnation - correct answer Sue the government
Escheat - correct answer No will, no heirs, reverts to state
Intestate - correct answer No will or a defective will left by the deceased
deeds - correct answer Evidence of transfer
Chain of Title - correct answer history of ownership
Abstract of Title - correct answer summary report of what the title search found in the public record
Impounds - correct answer taxes and insurance
Escrow - correct answer Neutral third party hired to handle a property transaction, the exchange of
money and any related documents.
Misrepresentation - correct answer without intention
RESPA - correct answer Real Estate Settlement Procedures Act 1-4 residential prevent kickbacks
eminent domain - correct answer take private property for public use
condemnation - correct answer compensation
Inverse Condemnation - correct answer Sue the government
Escheat - correct answer No will, no heirs, reverts to state
Intestate - correct answer No will or a defective will left by the deceased
deeds - correct answer Evidence of transfer
Chain of Title - correct answer history of ownership
Abstract of Title - correct answer summary report of what the title search found in the public record
Impounds - correct answer taxes and insurance
Escrow - correct answer Neutral third party hired to handle a property transaction, the exchange of
money and any related documents.
Misrepresentation - correct answer without intention
RESPA - correct answer Real Estate Settlement Procedures Act 1-4 residential prevent kickbacks
