Rockwell cram Study guides, Class notes & Summaries

Rockwell Cram Exam #4 Questions and Answers (Graded A) Rockwell Cram Exam #4 Questions and Answers (Graded A) Rockwell Cram Exam #4 Questions and Answers (Graded A) Rockwell Cram Exam #4 Questions and Answers (Graded A) Rockwell Cram Exam #4 Questions and Answers (Graded A) Tina is representing the buyers in a transaction; she described the property's boundaries to her clients without clarifying that she was not sure that the boundaries were exactly precise. The buyers, upon taking possession...

When homes in a new development are sold, a $2,000 fee is charged to the buyers. This fee covers the homeowners association dues for the first year. HOA dues for each subsequent year are $1,000. In the development's first year, ten homes are sold. Ten more are sold the second year. Assuming that the HOA's account had no disbursements or expenses (and ignoring any possible contributions from the developer), what is the balance of the account after two years? - correct answer $50,000 Teresa...

Rockwell cram exam 1 with 100% correct answers Jesse, Kim, and Diane own a home together as joint tenants. If Jesse dies, her property interest: - answerwill be automatically transferred (conveyed) to Kim and Diane Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - answerpay consideration for the option right A corn field with a depth of 900 feet and a frontage of 484 feet is bisected by an access road, leaving two triangular lots. If the land sells...

Tina is representing the buyers in a transaction; she described the property's boundaries to her clients without clarifying that she was not sure that the boundaries were exactly precise. The buyers, upon taking possession, built a fence along the boundaries that she described, but the neighbors then filed suit because the fence didn't follow the actual boundaries and encroached on their land. Can Tina be held liable for misrepresentation? - correct answer Yes, because she reasonably knew th...

Rockwell cram exam 1 with 100% correct answers Jesse, Kim, and Diane own a home together as joint tenants. If Jesse dies, her property interest: - answerwill be automatically transferred (conveyed) to Kim and Diane Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - answerpay consideration for the option right A corn field with a depth of 900 feet and a frontage of 484 feet is bisected by an access road, leaving two triangular lots. If the land sells...

Rockwell Cram Exam #3 with complete solutions

When homes in a new development are sold, a $2,000 fee is charged to the buyers. This fee covers the homeowners association dues for the first year. HOA dues for each subsequent year are $1,000. In the development's first year, ten homes are sold. Ten more are sold the second year. Assuming that the HOA's account had no disbursements or expenses (and ignoring any possible contributions from the developer), what is the balance of the account after two years? - $50,000 Teresa gives her lit...

Which of the following people might bring a suit for specific performance? - A buyer in a real estate transaction in which the seller backed out one day before closing Once a lender issues a veteran a VA-guaranteed loan, the veteran: - immediately becomes liable for the guaranteed amount A property manager decides to offer some additional services beyond what is specified in the property management agreement. She may do so after: - the management agreement is amended in a writing ...

Tina is representing the buyers in a transaction; she described the property's boundaries to her clients without clarifying that she was not sure that the boundaries were exactly precise. The buyers, upon taking possession, built a fence along the boundaries that she described, but the neighbors then filed suit because the fence didn't follow the actual boundaries and encroached on their land. Can Tina be held liable for misrepresentation? - Yes, because she reasonably knew that the describ...

Rockwell cram exam 1 with complete solutions