Grantee answer buyer Study guides, Class notes & Summaries

Superior Real Estate School Exam Questions and Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - Answer- D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is t...

Florida Real Estate Vocabulary Questions and Answers 100% Pass Assignor - Correct Answer ️️ -A person who transfers a legal right to another Grantor - Correct Answer ️️ -Party giving the deed that conveys title Grantee - Correct Answer ️️ -Party receiving the deed and acquiring the title Lessor - Correct Answer ️️ -Landlord who gives lease Lessee - Correct Answer ️️ -Tenant who receives lease Lienor - Correct Answer ️️ -Person who has a claim on another's propert ...

Certified Pennsylvania Evaluator (CPE) Exam Questions And Answers Latest Updated 2024/2025 | Rated A+. Assessor - Correct Answer-Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, Valuing Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all taxing auth...

Colorado Real Estate Exam Guide Questions and CORRECT Answers SS - Correct ANSWER- Who pays for recording of warranty deed? - Correct ANSWER- Grantee/Buyer Who pays for owner's title insurance? - Correct ANSWER- Seller Good Funds - Correct ANSWER- Have to be available immediately, like cash Example of good funds - Correct ANSWER- Cashier's check, teller's check Regulation Z - Correct ANSWER- Regulates advertising truths lenders must follow (protects borrowers)

A commercial property was in foreclosure and after the sale, the mortgagee did not receive enough money to satisfy the note. Which of the following statements is true? - The lender can sue for a deficiency judgment against the borrower A borrower can be relieved of primary responsibility for a mortgage by finding a buyer who is willing to: - Assume the loan A broker and an owner discussed several types of listing agreements and decided upon an exclusive right to sell. The broker drafted th...

Connecticut part 2 Questions and Answers 100% Pass Under Connecticut Fair Housing Laws, which of the following individual characteristics has protected class status? a) religious choice b) sexual orientation c) employment history d) education achievement - Correct Answer ️️ -b) sexual orientation Connecticut land records are indexed through - Correct Answer ️️ -grantor/grantee indexes In Connecticut how old must an individual be to qualify for a real estate license? - Correct ...

Pursuant to a contract, a landscaper performed $30,000 of landscape work for a homeowner. By coincidence, the homeowner and the landscaper were involved in an automobile accident that was unrelated to the landscape work. The homeowner was injured in the accident and sued the landscaper in federal district court for negligence, seeking $100,000 in damages. The homeowner and the landscaper are citizens of different states. May the landscaper assert and maintain a counterclaim against the homeowne...

NYS Real Estate Exam 2024 Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. - Answer ️️ -Insurance Premiums What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent - Answer ️️ -special agent what...

PSI EXAM 2 QUESTIONS & ANSWERS 2023/2024 A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement 1. in gross. 2. by necessity. 3. appurtenant. 4. by prescription. - ANSWER-appurtenant. Prospective buyers made an offer on a property. The seller did NOT accept, but made a countero...

A deed is defined as ANSWER: "A written, legal instrument that conveys an estate or interest in real property when it is executed and delivered." The seller of a property is called ANSWER: the grantor The buyer is called ANSWER: the grantee Deed To be legally valid: ANSWER: The deed must be in writing • The grantor and grantee must be clearly identified • The grantor must be legally capable (for example, not a minor or legally incapacitated) • The property must be ...