The condominium concept - Study guides, Class notes & Summaries

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 the basis for the doctrine of specific performance? A. ...

AYPO REAL ESTATE PRINCIPLES 1 Exam Questions Reviewed With Correct Answers The executive director shall give notice of the commissions order to the party under investigation. The notice must do which of the following? - State the amount of any penalty imposed -All of these -Inform the person of the rights to judicial review -Include the findings of fact and conclusions of law, separated stated - ANSWER : -All of these Public beach policy for the state of Texas Includes - ANSWE...

"Let one hundred flowers bloom" - Chairman Mao Zedong's "Let a hundred flowers bloom; let a hundred schools of thought contend". This slogan was used during the period of approximately six weeks in the summer of 1957 when the Chinese intelligentsia were invited to criticize the political system then obtaining in Communist China. It is sometimes suggested that the initiative was a deliberate attempt to flush out dissidents by encouraging them to show themselves as critical of the regime....

Florida Condominium Law is contained in which Chapter of the Florida Statutes? 718 Minutes of meeting of the BOD must be maintained for: 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: Borrow money and pledge association assets as collateral to fund emergency repairs A condominium association files a lien for unpaid assessments against one of its unit owners, the lien is effective for: One year after claim of lien was ...

Man made markers such as a steel rod or concrete post may be part of what type of legal description? Select one: A. Subdivision System B. Government Survey System C. Metes and Bounds D. Lot & Block - ANSWER-Metes and Bounds After unsuccessful negotiations, Joe went to court to gain regular access to his property. The judge likely granted Joe a (an): Select one: A. personal easement in gross. B. easement by necessity. C. easement by prescription. D. easement appurtenant. - ANSW...

being licensed under part VIII of chapter 468 F.S. means correct answers you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners correct answers limited common elements property owned by all owners in a condominium correct answers the common elements a maintenance coordinator must... correct answers be licensed as a community association manager and is not exempt the condomi...

Condominium A real estate development consisting of a group of units, in which the air space within the boundaries of each unit is owned by the unit owner, and all remaining real and personal property is owned jointly by all the unit owners. Condominium Unit The portion of a condominium owned solely by a unit owner. Condominium association `An entity composed of the unit owners in a condominium to manage the condominium and to own the common elements. Common Elements Are...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II Answer- A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only...

South Dakota National RE Questions and Answers Already Passed Land The surface of the earth extending down to the center and upward to the sky, including all natural thins thereon such as trees, crops or water, plus the minerals below the surface and the air rights above. Real estate The physical land at, above and below the earth's surface with all appurtenances, including any structures; any and every interest in land whether corporeal or incorporeal, freehold or no freehold; for a...

Transferring the risk to an insurance company is known as what?: Insurance 2. When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referredto as what?: Endorsement 3. George and Sandy only home which was damaged by fire who hasinsurableinterest: George and Sandy 4. What is the most common loss settlement valuation in the property poli-cies?: Actual cash value 5. The insurance company pays the insured for dam...