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Law Of Contracts Champion Real Estate Exam Questions With All Answers. $14.39
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Exam (elaborations)

Law Of Contracts Champion Real Estate Exam Questions With All Answers.
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Law Of Contracts Champion Real EstaLaw Of Contracts Champion Real Estate Exam Questions With All A Exam Questions With All Answers.Law Of Contracts Champion Real Estate Exam Questions With All Answers.

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  • January 17, 2025
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Law of contracts
  • Law of contracts

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Law Of Contracts: Champion Real Estate Exam Questions With All
Answers




1.What vtypically vhappens vwith vNotices?: vMany vagents vfail vor vrefuse vto
vfill vin vthe vcontact vinformation vfor vtheir vclient vwhen vit vis vcalled vfor vin

vparagraph v21 vOR vthey vput vtheir vown vcontact vinformation vin vthat

vprovision vso vthey vcan vstay vin vcontrol vof vthe

information vthat vis vgoing vto vtheir vclients. vAgents vmake vthemselves
vand vtheir vbrokers vlegally vresponsible vfor vthe vreceipt vof vnotices vwhen

vthey vuse vtheir vaddress vand vemail vVS vthat vof vtheir vclient

2.What vdoes va vSubrogation vClause vdo?: vEnables vthe vtitle vcompany vto
vassume vthe vrights vof va vbuyer vwith vrespect vto vany vclaim vagainst va

vseller vif vthe vtitle vcompany vhas vmade vpayments vto vthat vbuyer vto

vsatisfy vthat vclaim. vIn vthis vmanner, vthe vproperty vowner vcannot vcollect

vfrom vboth vthe vtitle vcompany vor vthe vseller

3.What vis vlandlocked vproperty?: vThe vcourts vmay vaward vand
veasement vto va vproperty vowner vwho vhas vno vlegal vaccess vto vhis

vor vher vland

4.What vis vEnvironmental vSite vAssessment vused vfor?: vIf va vbuyer vhas
vconcerns vabout vthe vpossible vcontamination vof va vpotential vproperty, vhe

vor vshe vor vthe vlender vmay vcall vthe venvironmental vsite vassessment vto vbe

vpreformed von vthe vproperty vto vdetermine vif vit vis venvironmentally

vchallenged

5.Can van voral vlease vbe vvalid?: vIf vthe vlease vhas vbeen vopen vfor vone vyear
vor vless vis vvalid vand venforceable

6.What vis va vQuitclaim vDeed?: vIt vis vone vwith vno vguarantees, vwarranties vor
vcovenants

7.What vis vblanket vmortgage?: vCan vcover vmore vthan vone vpiece vof
1 v/
v9

, property
v

8.What vis va vDevise?: vIf vreal vproperty vis vconveyed vby vwill
9.What vis vthe vmost vcommon vtype vof vfinancing?: vIs vobtained vfrom va
vthird vparty, vsuch vas vmortgage vcompany vor vbank

10.Owners vwithin va vcooperative-: vdo vnot vactually vown va vspecific vunit
11.In vthe vretail venvironment-: va vpercentage vlease vobligates vthe vsenate
vto vpay va vbase vrent vand va vpercentage vof vthe vgross vsales

12.What vis vSale vof vother vProperty vContingency?: vThe vseller vand vbuyer
vagree vthat vthe vpurchase vof vthe vproperty vis vcontingent von vthe vsale vand

vclosing vof vthe vbuyers vexisting vproperty

13.Estate vin vseveralty?: vIf vonly vONE vsignature vis vrequired von va vdeed
vconverting vfull vownership vof vthe vproperty vto vanother, vthe vseller vowns

va v-

14.Encumbrance?: vA vclaim, vlien, vcharge vor vliability vattached vto vand
vbinding vreal vproperty

15.What vis va vpromissory vnote?: valso vknown vas va vreal vestate vlien vnote,
vis vthe vborrows vunconditional vpromise vto vrepay vand vincludes vamount

vborrowed, vpayment vamount, vdue vdate vand vrate vof vinterest, vwhich

vthe vnot vis vnot vgenerally vrecorded

16.When vis va vcontract vexecuted?: vWhen vthe vsale vis vclosed vthe
vcontract vwill vbe vfully vexecuted




2 v/
v9

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