RECA PRACTICE EXAM QUESTIONS And ANSWERS

Meridians and ranges are - ANSWER Longitudal lines condominium (condo) - ANSWER form of ownership with the owners holding legal title to their own housing unit among many, with common grounds and facilities shared ownership cooperatives (co-ops) - ANSWER -buildings owned by corporations with the residents as shareholders who each receive a properietary lease on an individual unit and the right to use common areas Regarding condos- Individual owners have title to specific units in the complex. True or false - ANSWER True Title Insurance - ANSWER a type of insurance that protects the lender and property owners from title fraud or forgery. Opt-out consent - ANSWER An individual is given the option to decline consent. If the individual does not clearly decline consent, consent is granted Townships run - ANSWER East and west A township is divided into how many sections? - ANSWER 36 - 1 mile by 1 mile Negative Consent - ANSWER consent is assumed unless a person explicitly protests. express consent - ANSWER an oral or written agreement - consent given specifically Implied consent - ANSWER An agreement based on the conduct and actions of the parties involved. It is not discussed but the actions show that agreement was implied