Real Estate Law (Final Exam) accurate 100%(GRADED A+)

Who is generally responsible for ensuring that the Closing Disclosure is delivered to the buyer no later than three business days before consummation? - ANSWER creditor What type of lien is one placed against any and all real and personal property owned by a particular debtor? - ANSWER general lien In a foreclosure suit, what gives public notice that a mortgaged property may soon have a judgment issued against it? - ANSWER Lis pendens What type of variance permits an applicant to vary one or more of the dimensional or physical requirements of the applicable zoning law, code or ordinance in connection with some proposed construction? - ANSWER An area variance Joe has a lease that specifies rent and other requirements, but it does not have an expiration date or renewal cycle. What kind of leasehold estate is it? - ANSWER At Will What type of listing is a non-exclusive contract, authorizing a broker to serve as the agent for either the sale or the purchase of property? - ANSWER Open Listing What Act mandates that persons with disabilities have equal access to jobs, public accommodations, government services, public transportation and telecommunications? - ANSWER Americans with Disabilities Act Which provision in a CAR Residential Listing Agreement states that the property is offered in compliance with federal, state, and local anti-discrimination laws? - ANSWER Equal Housing Opportunity What accurately locates and identifies boundaries of a subject parcel to a degree acceptable by courts of law in the state where the property is located? - ANSWER legal description What type of contract consists of obligations arising from a mutual agreement and intent to promise where the agreement and promise have not been expressed in words? - ANSWER an implied contract Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it? - ANSWER Voluntary General The rectangular survey system divides a township into thirty six squares called - ANSWER sections What provides legal, public, and constructive knowledge to everyone about the ownership of a property? - ANSWER contract The discovery step of civil cases is where - ANSWER each party gathers information from each other and third parties. What describes a transfer of the entire leasehold interest by a tenant to a third party? - ANSWER Assignment In a deed of trust, the three parties to the loan are the borrower, the lender and - ANSWER Trustew