Caveat emptor - Study guides, Class notes & Summaries

Florida Real Estate U Final Exam Answered 2023/2024 Florida Real Estate U Final Exam Answered 2023/2024 An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect?...

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - Answer- b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A...

LA Notary Test Exam Latest Update 2024/2025 +350 Questions All Answered 100% Correct/Verified Recorded Notary Bonds Do Not Act As A Mortgage Unless And Until The Following Is Filed. A) Ad Infinitum B) Lis Pendens C) Caveat Emptor D) De Facto [Correct Ans: - B) Lis Pendens True Or False The De Facto Doctrine Is A Legal Theory That Courts Use To Uphold Acts Of Unqualified Notaries [Correct Ans: - True True Or False Notaries Have Full Freedom To Charge Whatever They Feel If Just, ...

caveat emptor - buyer beware cooperative - A residential multiunit building whose title is held by a trust or corporation that is owned and operated for the benefit of people living within the building who are the beneficial owners of the trust or shareholders of the corporation, each possessing a proprietary lease to a property unit for the life of the corporation; riskier as shareholders have to rely on financial ability of other shareholders to make payments. fair housing - Federal ...

Seller Sally, listed with Broker Larry, sells her home to Buyer Bill for $200,000. Bill is represented by his own buyer's agent. An earnest money check for $2,000 is attached to the contract. After both parties have fully executed the contract, Larry deposits the check into his escrow account, per the contract instructions. Two days later, Larry receives notice that the check is being returned for "insufficient funds." What should Larry do first? correct answers contact Sally immediately and ...

National - Real Estate Exam Practice Questions (Set One) Latest Update Graded A+ Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction b. recorded mortgage Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach c. market comparison approach d. gross rent multiplier c. ...

Which legal rule will not impose punitive damages on a master for the torts of his servants unless the master himself took some part in the wrongful action? - vicarious liability rule - durham rule - complicity rule - transferred liability rule - ️️Complicity rule When a servant completely abandons the master's work to pursue his own interests, the servant is on ___ - a detour - an outing - a trespass - a frolic - ️️A frolic In contracts negotiated by an agent who is actin...

WA Fundamentals Final Exam Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. Notify the borrower C. Notify the principals D. Write a personal check for $4,500 to cover the shortage C. Notify the principals A and B sign a rental agreement in which A agrees to lease her property to B in exchange for rent...

According to Hoyle CORRECT ANSWER By the rules following the rules Acid test CORRECT ANSWER An acid test is something that proves whether something is good, effective, etc., or not. After the fashion CORRECT ANSWER poorly All over but the shouting CORRECT ANSWER finished As the crows fly CORRECT ANSWER Direct At bay CORRECT ANSWER At a distance at sixes and sevens CORRECT ANSWER in a state of confusion and disorder At the bottom of the hour CORRECT ANSWER at the 1/2 hour (1...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles well answered"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - c...