RECP EXAM 3 GRADED A+ LATEST 100% VERIFIED.
1. Severence ANS >> Removing a fixture
2. Remainder Interest ANS >> A future interest in the fee simple estate for
remainderman hold and remainder interest
3. Tenancy in common ANS >> unequal shares
4. Partition suit ANS >> Divide the interest in real estate held by tenants in common
5. Each partner must hold ANS >> a license as a broker in a partnership
6. Condominium ANS >> combination of co-ownership and individual ownership
7. Examples of restrictions ANS >> no boats or campers overnight
8. appurtenant eas ANS >> will encumber the severient tenement
9. encorachment examples ANS >> a fence or garage beyond the property lines
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, 10. foreclosure ANS >> equitable rights of redemption period which means the
defaultor borrower can pay back all the debt plus any cost of redemption and get
the property back.
11. chain of title ANS >> will be shown in the abstract of title
12. the lender will want ANS >> a mortgagee's policy for future protection against
a loss due to title defect.
13. Quit Cla ANS >> Carries no covenants or warranties whatsoever either
expressed or implied.
14. If a person dies without a will or intestate ANS >> it would escheat to the state
15. Under the statute of fraudes ANS >> it requires the buyer to make the offer to
purchase in writing to become an enforceable contract.
16. Substantial misrepresenation ANS >> is voidable
17. The listing agent may not accept ANS >> the counteroffer on behalf of the selle
18. The sales disclosure form ANS >> is to be filled out for residential real estate
contain- ing not more than 4 units.
19. Mold ANS >> needs to be disclosed on the sellers disclosure form.
20. Sellers disclosure ANS >> is not a warranty by the seller about the condition
of the property.
21. Options ANS >> are used to gain control over property until needed.
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1. Severence ANS >> Removing a fixture
2. Remainder Interest ANS >> A future interest in the fee simple estate for
remainderman hold and remainder interest
3. Tenancy in common ANS >> unequal shares
4. Partition suit ANS >> Divide the interest in real estate held by tenants in common
5. Each partner must hold ANS >> a license as a broker in a partnership
6. Condominium ANS >> combination of co-ownership and individual ownership
7. Examples of restrictions ANS >> no boats or campers overnight
8. appurtenant eas ANS >> will encumber the severient tenement
9. encorachment examples ANS >> a fence or garage beyond the property lines
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10
, 10. foreclosure ANS >> equitable rights of redemption period which means the
defaultor borrower can pay back all the debt plus any cost of redemption and get
the property back.
11. chain of title ANS >> will be shown in the abstract of title
12. the lender will want ANS >> a mortgagee's policy for future protection against
a loss due to title defect.
13. Quit Cla ANS >> Carries no covenants or warranties whatsoever either
expressed or implied.
14. If a person dies without a will or intestate ANS >> it would escheat to the state
15. Under the statute of fraudes ANS >> it requires the buyer to make the offer to
purchase in writing to become an enforceable contract.
16. Substantial misrepresenation ANS >> is voidable
17. The listing agent may not accept ANS >> the counteroffer on behalf of the selle
18. The sales disclosure form ANS >> is to be filled out for residential real estate
contain- ing not more than 4 units.
19. Mold ANS >> needs to be disclosed on the sellers disclosure form.
20. Sellers disclosure ANS >> is not a warranty by the seller about the condition
of the property.
21. Options ANS >> are used to gain control over property until needed.
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10
