CE Shop course 1 Final MN
which of the following is a benefit of a redeemable ground lease? Correct
answerscan
Tenant Thebuy out the lease from the
landlord
what term identifies real estate property required by either spouse during a
marriage
be considered
to community property? Correct answers community
property rights
what is the best description of a deed? Correct answers A document
to transfer
ownership/interest in real
estate.
Non-lawful possession after the expiration of a lease is called . Correct
estate at
answers
sufferance
a gives the purchaser the right to possess the property at given
times duration
given for a but doesn't convey ownership. Correct answers
timeshare use
Estella is representing seller Margaret which of the following tasks is one
that Estella
required to perform
is as Margarets agent? Correct answers inform
Margaretproperty
required about condition
disclosures
which of the following is a type of sublime loan usually offered to
consumers with
insufficient or marginal history? Correct answers qualified mortgage with
the rebuttable
presumptio
ns
which of the following statements is true about ground water? Correct
answersofits
source drinking
a
water
In Minnesota a party to a contract has from the date of a contract
breach
sue the to
other party? Correct answers 6
years
What's an environmental impact statement? Correct answers A written
statement
to considerusedways to minimize a project's negative impact on the
environment
to calculate the down payment subtract the loan amount from the ?
Correct answers purchase
price
What's the purpose of a quiet title suit? Correct answers Remove any claims
against the
property's
title.
The golden rule Correct answers provides guidelines for all personal and
professional
ethical
situations
, What's true about protected groundwater? Correct answers many
regulations are in
plac
e
which of the following is considered a "responsible person" per Minnesota
license law?
Correct answers the general partner of
an LLP
which of the following describes amortized debt? Correct answers Debt that's
paid off periodic
making by
payments
the doctrine of "use it or lose it" is known as the doctrine of ?
Correct
answers
Laches
Bonnie just sold a property in Duluth with an underground storage tank.
She should
. Correct answers file a change of ownership form within
30 days
Loans for purposes don't require TILA disclosure. Correct answers
business
Anika is short selling her home. This means . Correct answers the sale
won't
bring in enough to pay off her
loan
How many feet are in a mile? Correct answers
5280 ft
Which group ensures that community growth is controlled and orderly?
Correct answers
planning
board
A Minnesota listing agreement includes an override clause. To be effective,
how soon
after the agreement's expiration must the licensee provide the seller with
a protective
list? Correct answers within 72
hours
A consumer received payment from the Minnesota real estate education
and research
recovery fund to satisfy a judgement against a Minnesota licensee.
which of the
following best describes the consequences the licensee faces? Correct
answers will
licensee the be suspended until licensee pays back double the amount
dispersed plus
intere
st
what happens to a lease contract when a property changes hands? Correct
answers
lease terms the do not
change
Rhonda and Oliver bought an old schoolhouse with the hope of
residence.
transforming They owned
it into a the property as joint tenants. After Oliver died, how
did Rhonda
own the building? Correct answers in
severalty
which document is used to establish the path and proof of ownership
chain
Correct ofanswers
title
which of the following is a benefit of a redeemable ground lease? Correct
answerscan
Tenant Thebuy out the lease from the
landlord
what term identifies real estate property required by either spouse during a
marriage
be considered
to community property? Correct answers community
property rights
what is the best description of a deed? Correct answers A document
to transfer
ownership/interest in real
estate.
Non-lawful possession after the expiration of a lease is called . Correct
estate at
answers
sufferance
a gives the purchaser the right to possess the property at given
times duration
given for a but doesn't convey ownership. Correct answers
timeshare use
Estella is representing seller Margaret which of the following tasks is one
that Estella
required to perform
is as Margarets agent? Correct answers inform
Margaretproperty
required about condition
disclosures
which of the following is a type of sublime loan usually offered to
consumers with
insufficient or marginal history? Correct answers qualified mortgage with
the rebuttable
presumptio
ns
which of the following statements is true about ground water? Correct
answersofits
source drinking
a
water
In Minnesota a party to a contract has from the date of a contract
breach
sue the to
other party? Correct answers 6
years
What's an environmental impact statement? Correct answers A written
statement
to considerusedways to minimize a project's negative impact on the
environment
to calculate the down payment subtract the loan amount from the ?
Correct answers purchase
price
What's the purpose of a quiet title suit? Correct answers Remove any claims
against the
property's
title.
The golden rule Correct answers provides guidelines for all personal and
professional
ethical
situations
, What's true about protected groundwater? Correct answers many
regulations are in
plac
e
which of the following is considered a "responsible person" per Minnesota
license law?
Correct answers the general partner of
an LLP
which of the following describes amortized debt? Correct answers Debt that's
paid off periodic
making by
payments
the doctrine of "use it or lose it" is known as the doctrine of ?
Correct
answers
Laches
Bonnie just sold a property in Duluth with an underground storage tank.
She should
. Correct answers file a change of ownership form within
30 days
Loans for purposes don't require TILA disclosure. Correct answers
business
Anika is short selling her home. This means . Correct answers the sale
won't
bring in enough to pay off her
loan
How many feet are in a mile? Correct answers
5280 ft
Which group ensures that community growth is controlled and orderly?
Correct answers
planning
board
A Minnesota listing agreement includes an override clause. To be effective,
how soon
after the agreement's expiration must the licensee provide the seller with
a protective
list? Correct answers within 72
hours
A consumer received payment from the Minnesota real estate education
and research
recovery fund to satisfy a judgement against a Minnesota licensee.
which of the
following best describes the consequences the licensee faces? Correct
answers will
licensee the be suspended until licensee pays back double the amount
dispersed plus
intere
st
what happens to a lease contract when a property changes hands? Correct
answers
lease terms the do not
change
Rhonda and Oliver bought an old schoolhouse with the hope of
residence.
transforming They owned
it into a the property as joint tenants. After Oliver died, how
did Rhonda
own the building? Correct answers in
severalty
which document is used to establish the path and proof of ownership
chain
Correct ofanswers
title
