Covenants - Study guides, Revision notes & Summaries

Material fact - About the property Related to the property Principal able to complete the transaction Special importance Disclosing material facts about a seller's property - To client or customer Even if it hurts your customer Regardless of how pubic the material fact is Listing agent has highest responsibility Buyer agent is responsible to disclose if known Answer questions to avoid misrepresentation Willful - intentional Negligent - Unintentional--failure to exercise reasonable c...

M100 Community Association Management Exam Questions with correct Answers Graded A+ 2024 Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain do...

Co ownership types: - - Condominium - Cooperative - Timeshare Land - may include more than the earth, may also include improvements to the land personal property - things that are movable & not permanently affixed to the land Ownership rights - Real estate provides people with this "bundle of rights" - Rights to: Use/Occupy Sell Lease Give away Do all or none "real property" vs. real estate security privacy location User markets - characterized by competition among users for ...

lOMoAR cPSD| PLP SGS 10 RELATIONSHIP BETWEEN THE PARTIES: Privity of estate - Parties who share an immediate interest in the same land, e.g. landlord and tenant Privity of contract - The original parties to a contract - can sue for breach of contract, not withstanding their subsequent disposal of their interest. Privity of estate ceases to exist once one of the parties sharing an interest in the land disposes of their interest, so it cannot be relied upon to pursue a remedy. OLD LEASE: ...

Non-Spendable Fund Balance Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, membership fees Restricted Fund Balance Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors or granting agenc...

Case summaries, exam tips, and class notes for the covenant for fitness for human habitation

Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Answer IRC (International Residential Code) Administrative - Answer First 2 chapters of code book are True - Answer Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F Yes - Answer Does the building official have the authority to render interpretations o...

"The Vision" (D&C 76) actually consists of how many smaller individual visions? What are they? - 1)Vision of the Father and the Son 2) Vision of Satan 3) Vision of the sons of perdition 4) vision of the celestial kingdom 5) vision of the terrestrial kingdom 6) vision of the telestial kingdom *What is a one-sentence summary of "endowment" (connect session video)? - "The power and capacity to come into God's presence." According to Doctrine and Covenants 132, what are three reasons...

Fixtures and Chattels, Mortgages, Easements, Non-Trust Interests, Leases, Restrictive Covenants, Covenants, Estate Contracts, Co-Ownership, Leases Complete guide to land with tables explaining legal and equitable rights, Includes templates for practice questions

MN Salesperson State Exam Questions and Answers Already Passed How many years shall a new home be free from defects caused by faulty workmanship and defective materials due to noncompliance with building standards? One year How many years a new home shall be free from defects caused by faulty installation of plumbing, electrical, heating and cooling systems due to noncompliance with building standards? Two Years How many years a new home shall be free from major construction defec...