RECA Practice Exam Questions and Answers with Complete Solutions
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Course
RECA Practice
Institution
RECA Practice
Meridians and ranges are Longitudal lines
condominium (condo) form of ownership with the owners holding legal title to their own
housing unit among many, with common grounds and facilities shared ownership
RECA Practice Exam Questions and Answers with Complete Solutions Meridians and ranges are ✔✔Longitudal lines condominium (condo) ✔✔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) ✔✔-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 ✔✔True Title Insu rance ✔✔a type of insurance that protects the lender and property owners from title fraud or forgery. Opt-out consent ✔✔An individual is given the option to decline consent. If the individual does not clearly decline consent, consent is granted
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