Recission - Study guides, Class notes & Summaries

RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 duty-based ethics Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics Sells the optimal result for the greatest number of people Advisory note Punishment for a technical breach Administrati...

Which of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo's - correct answer -Large Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Title Report C) D) - correct answer -Final Agency Agreement? Because if the seller doesn't accept the offer they are not obligated to sign Final Agency Agreement - correct answer -Sale...

Real Estate Exam AZ with Answers [100% PASS] /verified/ Recission *Ans* Legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions. Encumbrance *Ans* A claim against title or a limitation on use. Puffing *Ans* Exaggerated statement or opinion by the broker. ADWR *Ans* Arizona Department of Water Resources. Agency that oversees Active Management Areas and issues the Certificated of Assured Water Supply. Capitalization *Ans* Appr...

Florida Health 240 Insurance Questions And Answers 100% Guaranteed Success. Rules of Construction - correct answer. Help to identify and establish the intent of the parties to the contract Utmost good faith - correct answer. Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - correct answer. A cont...

California Real Estate License Exam 1 Questions and Answers 100% Pass 1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William Roberts agrees to it B. A defect on title that may cause title to be vested as tenants in common C. Immaterial if the property...

Contract - Answer *agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - Answer *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Valid Contract - Answer Contains all of the essential elements and is binding and enforceable upon both parties to the contract. Voidable Contract - A...

Duty-based ethics Correct Answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome Utalitarian ethics Correct Answer Sells the optimal result for the greatest number of people Advisory note Correct Answer Punishment for a technical breach Administrative penalty/ fine Correct Answer One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- ad...

SCCJA CHAPTERS 17, 18,19, 22, 26, 28, AND 30: EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ Agency law is concerned with your __________for the _______ of others and their _____________ to you. - -responsibility, actions, obligations To create an agency relationship, there must be: A ______________ and An _______________ Who _________ consent that the __________ will act on behalf of the _________ Be subject to the ______________'s control thereby creating a ___________ relationship -...

Rules of Construction - Help to identify and establish the intent of the parties to the contract Utmost good faith - Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - A contract under which one party's performance is contingent on an uncertain event. property and casualty agent - has the power to bind the insurer Adhesion ...

Which of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo's - ANSWER-Large Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Title Report C) D) - ANSWER-Final Agency Agreement? Because if the seller doesn't accept the offer they are not obligated to sign Final Agency Agreement - ANSWER-Sale Agreement Types of Depr...