Principles of Real Estate 1- Champions Quiz with complete solutions

Contracts with a person who lacks mental capacity can be - ANSWER-either void or voidable Community property is a concept of - ANSWER-Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. - ANSWER-an agent will have the opportunity to sell their own listing. Oil and gas companies employ - ANSWER-a large number of individuals with a real estate background. The NFIP - ANSWER-offers flood insurance The NFIP offers flood insurance to - ANSWER-homeowners, renters, and business owners The vast majority of homes built in the United States are - ANSWER-site built. When a condominium is sold, three interests are created: - ANSWER-fee simple ownership of the unit, fee simple ownership in an undivided interest in the common areas, and an easement to the airspace occupied by the unit. The Bureau [CFPB] is responsible for enforcing - ANSWER-federal consumer financial law