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Ce shop final exam with correct answers
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Ce shop final exam with correct answers
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Ce shop final exam with correct answersIn a transfer of ownership in real property, who conveys the title? - Answer -Grantor
What are emblements considered to be? - Answer -Personal property
Certain properties are exempt from fair housing law requirements. Which of the
following properties is NOT exempt? - Answer -Owner-occupied buildings with fewer
than four units being marketed by a real estate licensee
Gia had her real estate license revoked for a license law violation. How long must she
wait before applying for a new license? - Answer -Three years
What must occur to effect a transfer of title? - Answer -The grantor must deliver a valid
deed to the grantee.
Which type of events are generally on a title insurance policy's schedule of exceptions?
- Answer -Liens or encumbrances that aren't in the public record
A month-to-month lease agreement is considered to be this type of leasehold estate, in
which the interest is automatically renewed at the end of each period specified in the
lease. - Answer -Periodic estate
The enforcement of antitrust laws, investigation into possible violations, and subsequent
prosecution of violations are handled by the __________. - Answer -Attorney general
Which term describes the addition of alluvion land to a property through the natural
process of accretion? - Answer -Accession
Accession is the addition of value to property through labor or the addition of new
materials, including those added by nature through accretion.
In accordance with RESPA prohibitions, rebates may only be offered by licensees to
transaction parties, if _____. - Answer -No part of it is required for referral of business.
What is the definition of an appraisal? - Answer -An estimate of value for a specific
purpose, party, and property as of a specific date
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