Real estate Rhode Island Law EXAM BUNDLE(COMPLETE PACKAGE)

abandonment - ANSWER The relinquishment of property, title or rights without the idea of returning to them Agricultural lands - ANSWER lands that are being actively used for grazing and or crop production Annual cap - ANSWER Limits the amount of increase or decrease a rate could adjust in any ...

Adverse possession - ANSWER Method of acquiring ownership to real property by possession for a statutory period of time, usually 7 to 20 years. Color of Title - ANSWER A form of adverse possession where the original possession of the property by a prescriber is based upon a written instrument suc...

1 The deed says, I grant this land to B for life, and then to C" Before the death of B, which future interest does C have? - ANSWER In this life estate, has a remainder interest. 2. P wants to extend the side of the house beyond the setback boundary. P must obtain - ANSWER d)a variance. 6. Wh...

federalism - ANSWER many rights reserved to people or states ohio supreme court votes needed - ANSWER 4/7 u.s. supreme court votes needed - ANSWER 5/9 appellate courts - ANSWER decide legal issues only, don't take evidence from live witnesses trial courts - ANSWER lowest level, must fol...

Warranty Deed - ANSWER Covenants clear and legal title, quiet enjoyment, and actively defend any claims to title that may arise after transfer to the grantee. Deed - ANSWER A written instruments used to transfer title to property. Deed Requirements - ANSWER In writing. Name of grantor. Name of...

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Real Estate Law Exam #2 Correct Questions and Answers How much notice must be given to terminate a NON-farm tenancy from year to year? - ANSWER 60 days How much notice must be given to terminate a farm tenancy? - ANSWER 4 months What kind of lease must be in writing? - ANSWER If it is greater...

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Law - ANSWER a body of rules of action or conduct prescribed by controlling authority and having binding legal force Public Law - ANSWER law that concerns relationships involving the government or its relationship with individuals and organizations EX: Real estate license for brokers Primary ...

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 li...

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