The liens types agreement - Study guides, Class notes & Summaries

Hawaii real estate Exam Questions With Verified Answers. 4 land districts - answerUrban Rural Agricultural Conservation What is UCC? - answerUniform Commercial Code- it's a legal form a creditor files to give notice that it may have interest in personal property of debtor. Gives public notice of right to take possession of and sell property for repayment. Can also be security or financing agreement, bulk sales, business opp or direct taxation. Tenancy in entirety is same as? - answerR...

Rockwell Real Estate Exam WA 2 questions with correct answers A counteroffer: A. acts as a rejection of the initial offer B. is used to rescind a previously existing contract C. is used only to make an offer contingent on a particular event D. is used when a buyer wants to make an offer where the seller has already accepted an offer Correct Answer-A. acts as a rejection of the initial offer A counteroffer is a rejection of the previous offer. Either a buyer or a seller may make a count...

National Real Estate Exam: Transfer of Property/Title Latest Version Graded A+ Title Ownership Ownership Title Deed Transfers the title Involuntary Alienation Loss of property, against will Escheat. Eminent Domain. Foreclosure. Types of Involuntary Alienation Adverse Possession Land occupant (non owner) acquires title of property General Warranty Deed grantor (seller) guarantees clear title to property & can sell it to the buyer MOST Warranty Deeds offer the ___ protect...

Granting Clause What's the name of the required clause in a deed that "grants" or "conveys"? Acknowledgment Granting clause Habendum clause Warranty clause encumbrance Liens and easements define different types of ____________. Credits Debits Encumbrances Mortgages The path of title ownership over time What does a chain of title document establish? A chain of past title liens An abstract of the title history The path of title ownership over time Whether the titl...

Mississippi Real Estate Exam Practice Questions And Answers Updated . Metes and Bounds - Answer - describes property by landmarks, monuments, distances and angles. From point of beginning (POB) and returns to POB Rectangular Survey System - Answer - uses longitude and latitude lines to identify ranges, tiers, and townships. Also called government survey system. Meridian - Answer - North-south lines 6miles apart Parallels - Answer - East-west lines 6 miles apart Ranges - Answer - North-sout...

Texas RE Law SAE Questions and Answers 2024 Vernon's Annotated Texas Statutes The state laws of Texas are codified and bond in volumes called _______________. Jury In a jury trial, the burden is on the ____________ to take the law and the facts as presented and to render a decision as to which party should prevail. Tenth The ___________ Amendment reserves all powers not granted to the federal government to the states. State district courts are extremely important courts...

Rockwell Real Estate Exam WA 2 questions with correct answers At what point in a transaction must you disclose your agency status in writing? Correct Answer--Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each party is about to sign an offer. A counteroffer: Correct Answer--Acts as a rejection ...

Default of contract and types of damages (pg 137) (Ans- Liquidated Damages - The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. Monetary Damages - The injured party may "seek such other relief as may be provided by law." This would be an award of monetary damages by the court. Because monetary damages are awarded by the ...

Rockwell Real Estate Exam WA 2 | Questions, Answers and Rationales At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure unt...

Title Escrow Exam Study Guide Utah Questions and Answers 100% Pass How much can you spend on a special event for a client? - Correct Answer ️️ -$75 Encumbrances - Correct Answer ️️ -A claim, lien, charge, or liability attached to and binding real property Solvency - Correct Answer ️️ -the possession of assets in excess of liabilities; ability to pay one's debts. Escrow - Correct Answer ️️ -is the process of holding monetary funds by a title agency or bank for the purpose...