Gold Coast final exam / Gold Coast Final
Exam Practice
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
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
Exam Practice
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
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
