GOLD COAST FINAL EXAM 2025 LATEST UPDATED QUESTIONS AND
ANSWERS 100% CORRECT|
actual notice - (ANSWER)own it
Constructive notice - (ANSWER)record something in public records
How Is Real Estate Recovery Funded ? - (ANSWER)by fees & fines
Eminent Domain - (ANSWER)government has right to take away public use citizens can't refuse
to sell)
immune properties - (ANSWER)government owned
lot & block - (ANSWER)residential sub-division surgery system
Metes and Bounds - (ANSWER)oldest method of land description & provides the most accurate
type of legal descriptions
What does the Real estate recovery fund do ? - (ANSWER)reimburse members of the public
你是想要一篇“眼睛容易
阅读的”中文文章
what is a township... - (ANSWER)a township is 6 miles square contains 36 square miles
Each township contains ____ acres - (ANSWER)640 acres
How many square feet are in an acre? - (ANSWER)43,560
kickbacks are illegal unless.. - (ANSWER)someone has a licensed
, Offer and Acceptance - (ANSWER)Meeting of the minds or mutual agreement- all parties
concerned understand and agree to all the terms of the contract
Overimprovement - (ANSWER)An addition or change to property not in line with its highest and
best use
statue of frauds - (ANSWER)provides protection against fraud in the sale of real property.
requires contract for the transfer of a right or interest in land
statute of limitations (oral contracts) - (ANSWER)if contract is entirely oral, action must be
brought within 4 years
statue of limitations (written contracts) - (ANSWER)if contract is entirely written, action must be
brought within five years
Sufficient Consideration - (ANSWER)either valuable or good consideration may be sufficient
WILD CARD - (ANSWER)Withdrawal, insanity, lapse of time, death of either party
,counteroffer, acceptance,rejection,destruction of property
option contract define - (ANSWER)right to buy a property during a specified period-of-time, at a
specified price.
你是想要一篇“眼睛容易
阅读的”中文文章
contract for deed define - (ANSWER)aka an agreement between a property owner & potential
buyer in which the owner agrees to deliver a deed to the purchaser after certain conditions been
met
Define implied contract - (ANSWER)exists when some or all of the terms and conditions can be
assumed by the nature of the government
ANSWERS 100% CORRECT|
actual notice - (ANSWER)own it
Constructive notice - (ANSWER)record something in public records
How Is Real Estate Recovery Funded ? - (ANSWER)by fees & fines
Eminent Domain - (ANSWER)government has right to take away public use citizens can't refuse
to sell)
immune properties - (ANSWER)government owned
lot & block - (ANSWER)residential sub-division surgery system
Metes and Bounds - (ANSWER)oldest method of land description & provides the most accurate
type of legal descriptions
What does the Real estate recovery fund do ? - (ANSWER)reimburse members of the public
你是想要一篇“眼睛容易
阅读的”中文文章
what is a township... - (ANSWER)a township is 6 miles square contains 36 square miles
Each township contains ____ acres - (ANSWER)640 acres
How many square feet are in an acre? - (ANSWER)43,560
kickbacks are illegal unless.. - (ANSWER)someone has a licensed
, Offer and Acceptance - (ANSWER)Meeting of the minds or mutual agreement- all parties
concerned understand and agree to all the terms of the contract
Overimprovement - (ANSWER)An addition or change to property not in line with its highest and
best use
statue of frauds - (ANSWER)provides protection against fraud in the sale of real property.
requires contract for the transfer of a right or interest in land
statute of limitations (oral contracts) - (ANSWER)if contract is entirely oral, action must be
brought within 4 years
statue of limitations (written contracts) - (ANSWER)if contract is entirely written, action must be
brought within five years
Sufficient Consideration - (ANSWER)either valuable or good consideration may be sufficient
WILD CARD - (ANSWER)Withdrawal, insanity, lapse of time, death of either party
,counteroffer, acceptance,rejection,destruction of property
option contract define - (ANSWER)right to buy a property during a specified period-of-time, at a
specified price.
你是想要一篇“眼睛容易
阅读的”中文文章
contract for deed define - (ANSWER)aka an agreement between a property owner & potential
buyer in which the owner agrees to deliver a deed to the purchaser after certain conditions been
met
Define implied contract - (ANSWER)exists when some or all of the terms and conditions can be
assumed by the nature of the government
