Questions & Actual Answers
Place the beneficiary in a precarious position should the borrower die before the debt is paid. -
correct answer ✔✔Two friends hold title as joint tenants. One borrowed money and executed a
deed of trust against the property. In terms of affecting title this action could:
A foreclosure by one of the joint tenants. One of the joint tenants transfers his interest to a third
party. One of the joint tenants sell his interest. - correct answer ✔✔Joint tenant estate held by
two joint tenants is severed and ended by the following:
A blanket mortgage - correct answer ✔✔A man owns six separate parcels of real property. He
wants to offer all of the parcels as security for a mortgage loan. The mortgage that he will
obtain will probably be?
Mortgages his or her share - correct answer ✔✔All of the following acts of one joint tenant
terminates a joint tenancy except when the joint tenant:
Is the sudden tearing away of land by the the action of water - correct answer ✔✔Avulsion
Today's cost and today's reproduct ion cost - correct answer ✔✔When appraising a home build
in 1910 the appraiser must use:
Effective age - correct answer ✔✔The appraiser gives an 30 year old home a rating of 6 years is
called:
cancel the transaction. - correct answer ✔✔a home painted in 1972, even if the seller repainted
, the property a lead based paint booklet is required,
if not, the ommission allows the buyer to:
Proximity of nuisances - correct answer ✔✔Not funtional obsolescense -
Someone that left no will - correct answer ✔✔Intestate means:
At any time - correct answer ✔✔A principle may request an accounting from the real estate
agent of his funds :
Free and clear - correct answer ✔✔The seller's responsibility is to transfer the property:
More liquid - correct answer ✔✔When compare to real estate, stocks and bonds are:
Incometax
Judgements
Attachment - correct answer ✔✔Which of the following are liens?
They work for the seller - correct answer ✔✔subagents:
a license is required to answer questions - correct answer ✔✔If a builder pays $35 an hour to a
hostess, to perform an open
house, to answer questions:
Seller (OWNER) - correct answer ✔✔Who must disclose Mello