PERRY REAL ESTATE COLLEGE FINAL EXAM QUESTIONS AND
ANSWERS GRADED A+ 100% GUARANTEED SUCCESS.
Which of the following is true regarding a special warranty
deed?
The grantor is making additional warranties beyond those given
in a warranty deed.
The grantor's warranties are limited to the time the grantor
owned the property.
The grantor is warranting that no encumbrances exist against
the property.
,The grantor retains an interest in the ownership. ANS >>> The
grantor's warranties are limited to the time the grantor owned
the property.
A joint tenancy with right of survivorship may be created
automatically if the property is distributed to the surviving
children.
by deed or will
by presumption if another form of ownership is not described.
automatically if a deed is signed by both spouses ANS >>> by deed
or will
All the following would be considered specific data except:
the dimensions of the subject property
the gross rent multipliers for the area
,the employment opportunities in the area
the sales data for comparable properties ANS >>> the employment
opportunities in the area
If the commission determined that an individual is engages in
unlicensed brokerage, the commission may
Seek injunctive relief in Circuit Court
File a Complaint at the Commission
Sue in District Court
File a Complaint at the Attorney General's Office ANS >>> Seek
injunctive relief in Circuit Court
All the following would be acceptable as evidence of
marketable title EXCEPT
, A property owner's warranty deed
An abstract and legal opinion
Torrens certificate
A title insurance policy ANS >>> A property owner's warranty deed
If a licensee knows that a seller is under an exclusive listing with
another brokerage, the licensee
May call the seller on the telephone
May not contact that seller
May knock on the seller's door
May send the seller a letter ANS >>> May not contact that seller
The Governor appoints Commissioners
ANSWERS GRADED A+ 100% GUARANTEED SUCCESS.
Which of the following is true regarding a special warranty
deed?
The grantor is making additional warranties beyond those given
in a warranty deed.
The grantor's warranties are limited to the time the grantor
owned the property.
The grantor is warranting that no encumbrances exist against
the property.
,The grantor retains an interest in the ownership. ANS >>> The
grantor's warranties are limited to the time the grantor owned
the property.
A joint tenancy with right of survivorship may be created
automatically if the property is distributed to the surviving
children.
by deed or will
by presumption if another form of ownership is not described.
automatically if a deed is signed by both spouses ANS >>> by deed
or will
All the following would be considered specific data except:
the dimensions of the subject property
the gross rent multipliers for the area
,the employment opportunities in the area
the sales data for comparable properties ANS >>> the employment
opportunities in the area
If the commission determined that an individual is engages in
unlicensed brokerage, the commission may
Seek injunctive relief in Circuit Court
File a Complaint at the Commission
Sue in District Court
File a Complaint at the Attorney General's Office ANS >>> Seek
injunctive relief in Circuit Court
All the following would be acceptable as evidence of
marketable title EXCEPT
, A property owner's warranty deed
An abstract and legal opinion
Torrens certificate
A title insurance policy ANS >>> A property owner's warranty deed
If a licensee knows that a seller is under an exclusive listing with
another brokerage, the licensee
May call the seller on the telephone
May not contact that seller
May knock on the seller's door
May send the seller a letter ANS >>> May not contact that seller
The Governor appoints Commissioners
